Starkey Mark - 25 Jun 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
President
Signature
/s/ Mark Starkey
Issuer symbol
BOXL
Transactions as of
25 Jun 2023
Net transactions value
-$1,632
Form type
4
Filing time
13 Jul 2023, 17:36:19 UTC
Previous filing
05 Jun 2023
Next filing
04 Oct 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 Sale $1,632 -735 -1.9% $2.22 38,090 03 Jul 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 Restricted Stock Units Other $0 -1,563 -17% $0.000000 7,812 25 Jun 2023 CLASS A COMMON STOCK 1,563 $0.000000 Direct F3, 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 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 are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of (i) 29,496 shares of Class A common stock and (ii) 8,594 RSUs which remain subject to certain vesting conditions.
F3 Conversion of RSUs into shares of BOXL Class A Common Stock.
F4 The RSUs Vest in substantially equal installments quarterly over the course of four years, commencing on December 25, 2020.

Remarks:

Effective on June 14, 2023, the Company conducted a reverse stock split at a ratio of 1-for-8 (the "Reverse Split"). The numbers of shares reported herein reflect the numbers of shares after the Reverse Split.