Mark Zimowski - 26 Jan 2023 Form 4 Insider Report for Boxed, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
30 Jan 2023, 18:30:47 UTC
Prior SEC filing
26 Jan 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Claire Vogel, Attorney-in-Fact

Key filing fact

Mark Zimowski filed Form 4 for Boxed, Inc. on 30 Jan 2023.

Key facts

  • This page summarizes Mark Zimowski's Form 4 filing for Boxed, Inc..
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 30 Jan 2023, 18:30.

Change

  • Previous filing in this sequence was filed on 26 Jan 2023.
  • Current net transaction value: -$24,212.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BOXDQ transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+106,666
Change %
Price
$0.000000
Shares after
106,666
Date
27 Jan 2023
Ownership
Direct
Footnotes
F1
BOXDQ transaction

Common Stock

Sale

Transaction value
$24,212
Shares
-50,358
Change %
-47%
Price
$0.4808*
Shares after
56,308
Date
27 Jan 2023
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BOXDQ transaction Derivative

Restricted stock units

Options Exercise

Transaction value
$0
Shares
-106,666
Change %
-33%
Price
$0.000000
Shares after
213,334
Date
26 Jan 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
106,666
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit (RSU) represents the contingent right to receive one share of the Issuer's common stock.

Footnote F2

The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of vested RSUs. These sales are mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations in connection with the RSUs reported to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.

Footnote F3

The price reported in Column 4 is a weighted average per share sales price. These shares were sold in multiple transactions at prices ranging from $0.48 to $0.4912, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Footnote F4

On March 16, 2022, the Reporting Person was granted 320,000 RSUs, vesting in three equal annual installments beginning on December 9, 2022.

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