Gary S. Matthews - Dec 8, 2021 Form 4 Insider Report for Boxed, Inc. (BOXD)

Role
Chairman of the Board
Signature
/s/ Gary S. Matthews
Stock symbol
BOXD
Transactions as of
Dec 8, 2021
Transactions value $
$200,000
Form type
4
Date filed
12/10/2021, 03:28 PM
Next filing
Jan 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXD Common stock Purchase $200K +20K $10.00* 20K Dec 8, 2021 Direct
transaction BOXD Common Stock Sale -102K -1.92% 5.2M Dec 8, 2021 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the convertible note subscription agreement, dated December 8, 2021, by and between the Issuer and XYQ US, LLC, Seven Oaks Sponsor LLC transferred 102,075 shares of Class B common stock of the Issuer to XYQ US, LLC, which automatically converted into 102,075 shares of common stock of the Issuer.
F2 By Seven Oaks Sponsor LLC. Gary S. Matthews is a manager of Seven Oaks Sponsor LLC and shares voting and investment discretion with respect to the securities held of record by Seven Oaks Sponsor LLC. Mr. Matthews disclaims any beneficial ownership of the securities held by Seven Oaks Sponsor LLC, except to the extent of his pecuniary interest therein.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.