Starkey Mark - 24 Feb 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
President
Signature
/s/ Mark Starkey
Issuer symbol
BOXL
Transactions as of
24 Feb 2022
Net transactions value
-$7,031
Form type
4
Filing time
05 Apr 2022, 18:23:41 UTC
Previous filing
10 Jan 2022
Next filing
11 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +100,000 +56% $0.000000 280,125 24 Feb 2022 Direct F1, F3
transaction BOXL CLASS A COMMON STOCK Award $0 +12,500 +4.5% $0.000000 292,625 25 Mar 2022 Direct F3
transaction BOXL CLASS A COMMON STOCK Sale $7,031 -5,875 -2% $1.20 286,750 31 Mar 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOXL RESTRICTED STOCK UNITS Other $0 -12,500 -9.1% $0.000000 125,000 25 Mar 2022 COMMON STOCK 12,500 $0.000000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received an award of 100,000 restricted stock units ("RSUs") on February 24, 2022, with such RSUs vesting quarterly in equal installments over four (4) years, with the initial vesting occurring on May 24, 2022. Each RSU represents the right to receive one share of BOXL Class A Common Stock.
F2 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3 Of the reported shares, 225,000 shares are represented by RSUs which remain subject to quarterly vesting.
F4 Conversion of RSUs into shares of BOXL Class A Common Stock.
F5 The RSUs vest in substantially equal installments quarterly over the course of four (4) years, commencing on December 25, 2020.