Pope Michael Ross - 14 Aug 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Michael Pope
Issuer symbol
BOXL
Transactions as of
14 Aug 2022
Net transactions value
-$2,862
Form type
4
Filing time
06 Dec 2022, 18:41:45 UTC
Previous filing
08 Jul 2022
Next filing
02 Sep 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $1,163 -1,615 -0.16% $0.7200 1,017,567 14 Aug 2022 Direct F1, F2
transaction BOXL CLASS A COMMON STOCK Sale $926 -1,543 -0.15% $0.6000 1,016,024 14 Sep 2022 Direct F1, F3
transaction BOXL CLASS A COMMON STOCK Sale $774 -1,488 -0.15% $0.5200 1,014,536 14 Oct 2022 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of 4,546 restricted stock units ("RSUs") held by the Reporting Person. Upon vesting of the RSUs, the sales are automatic, routine, non-discretionary transactions mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by "sell to cover" transactions. These transactions exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of 881,203 shares of BOXL Class A common stock and 136,364 RSUs, with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting, which RSUs remain subject to certain vesting conditions.
F3 Consists of 884,206 shares of BOXL Class A common stock and 131,818 RSUs, with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting, which RSUs remain subject to certain vesting conditions.
F4 Consists of 887,263 shares of BOXL Class A common stock and 127,273 RSUs, with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting, which RSUs remain subject to certain vesting conditions.