Key facts
- This page summarizes Zvi Yemini's Form 4 filing for BOXABL Inc..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 27 Dec 2024, 16:28.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote F1
Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock under the BOXABL Inc. Amended 2021 Stock Incentive Plan
Footnote F2
The Restricted Stock Units ("RSUs) were granted on December 24, 2024, will vest on a quarterly basis, and become subject to monetization and upon the occurrence of a "Qualifying Transaction," defined as the first to occur of (i) a time at which the Company tenders for and successfully acquires the RSUs, (ii) the date of the closing of a transaction (or series of transactions) that results in a "change of control" of the Company; or (iii) the first trading day that is on or after the expiration of the "lock up" period after the effective date of the initial underwritten sale of the Company's equity securities to the public on an established securities market.
Footnote F3
If the Directorship terminates for any reason prior to a Qualifying Transaction, such termination will result in the immediate cancellation and lapse of the RSUs. In the event of termination for cause after a Qualifying Transaction but prior to payment, no payment will occur.
Footnote F4
The RSUs will be settled in shares of the Company's Common Stock and a cash payment made in a single sum within fifteen business days after the closing of a Qualifying Transaction.