Mark Zimowski - Mar 16, 2022 Form 4 Insider Report for Boxed, Inc. (BOXD)

Role: Chief Financial Officer
Signature: /s/ Keri Fessler, Attorney-in-Fact
Stock symbol: BOXD
Transactions as of: Mar 16, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/17/2022, 04:17 PM
Previous filing: Dec 10, 2021
Next filing: Jan 26, 2023
SEC: View on sec.gov

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	BOXD	Restricted stock units	Award	$0	+320K		$0.00	320K	Mar 16, 2022	Common Stock	320K		Direct	F1
transaction	BOXD	Performance-based restricted stock units	Award	$0	+240K		$0.00	240K	Mar 16, 2022	Common Stock	240K		Direct	F2, F3

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's common stock. The RSUs vest in three equal annual installments beginning on December 9, 2022.
F2	Consists of performance-based restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F3	The PSUs vest based on the Issuer's stock price performance over the three fiscal-year period ending on December 31, 2024. The award will vest, if at all, based on continued service and the Issuer's common stock price exceeding certain hurdles. Any portion of the award that has not been earned by December 31, 2024 will be forfeited immediately thereafter.