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

Role
President
Signature
/s/ Mark Starkey
Issuer symbol
BOXL
Transactions as of
25 Aug 2023
Net transactions value
-$2,244
Form type
4
Filing time
04 Oct 2023, 20:44:37 UTC
Previous filing
13 Jul 2023
Next filing
05 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +17,602 +38% $0.000000 63,504 25 Aug 2023 Direct F1, F2, F5
transaction BOXL CLASS A COMMON STOCK Sale $850 -368 -0.58% $2.31 63,136 31 Aug 2023 Direct F3, F4, F5
transaction BOXL CLASS A COMMON STOCK Sale $1,394 -735 -1.2% $1.90 62,401 27 Sep 2023 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 25, 2023, the Reporting Person was granted 17,602 RSUs. The 17,602 RSUs will vest quarterly over four years starting on November 25, 2023 and continuing until August 25, 2027.
F2 Consists of (i) 29,909 shares of Class A common stock and (ii) 33,227 RSUs which remain subject to certain vesting conditions.
F3 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.
F4 Consists of (i) 30,277 shares of Class A common stock and (ii) 33,227 RSUs which remain subject to certain vesting conditions.
F5 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.
F6 Consists of (i) 30,736 shares of Class A common stock and (ii) 31,665 RSUs which remain subject to certain vesting conditions.