Marklew Shaun - Apr 1, 2025 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Technology Officer
Signature
/s/ Marklew Shaun
Stock symbol
BOXL
Transactions as of
Apr 1, 2025
Transactions value $
-$1,905
Form type
4
Date filed
4/4/2025, 05:33 PM
Previous filing
Jan 15, 2025
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 -$1.9K -178 -3.32% $10.70 5.18K Apr 1, 2025 Direct F1, F2
* 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) 2,353 shares of Class A common stock and (ii) 2,826 RSUs which remain subject to certain vesting conditions.

Remarks:

Effective on February 14, 2025, the Company conducted a reverse stock split at a ratio of 1-for-5 (the "Reverse Split"). The numbers of shares reported herein reflect the numbers of shares after the Reverse Split.