Pope Michael Ross - Jan 1, 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Executive Officer, Director
Signature
/s/ Michael Pope
Stock symbol
BOXL
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 05:30 PM
Previous filing
Dec 6, 2022
Next filing
Feb 23, 2023
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 +579K +54.15% $0.00 1.65M Jan 1, 2023 Direct F1, F2

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 STOCK OPTIONS Award $0 +2.04M +186.56% $0.00 3.14M Jan 1, 2023 Class A Common Stock 2.04M $0.31 Direct F3, F4
* 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 578,778 restricted stock units ("RSUs") on January 1, 2023, which RSUs vest in substantially equal installments over thirty-six months, with acceleration of vesting to occur upon a change in ownership of the Corporation or a sale of a substantial portion of BOXL's assets. Each RSU represents the right to receive one share of BOXL Class A common stock upon vesting.
F2 Of the reported shares, 696,960 shares are represented by RSUs which remain subject to vesting.
F3 The Reporting Person received an award of non-qualified stock options (the "Options") to purchase 2,041,098 shares of common stock on January 1, 2023, which Options vest in substantially equal installments over a period of thirty-six months, with acceleration of vesting upon a change of ownership of the Corporation or a sale of a substantial portion of BOXL's assets. The options expire on January 1, 2028.
F4 Consists of options to purchase a total of 3,135,167 shares of BOXL Class A common stock.