Darrell B. Williams - Dec 8, 2021 Form 4/A - Amendment Insider Report for Boxed, Inc. (BOXD)

Role
CBDO
Signature
/s/ Keri Fessler, Attorney-in-Fact
Stock symbol
BOXD
Transactions as of
Dec 8, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/7/2022, 07:40 PM
Date Of Original Report
Dec 10, 2021

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 Stock Option Award +28.5K 28.5K Dec 8, 2021 Common Stock 28.5K $0.30 Direct F1, F2
transaction BOXD Stock Option Award +38K 38K Dec 8, 2021 Common Stock 38K $1.01 Direct F1, F2
transaction BOXD Stock Option Award +95K 95K Dec 8, 2021 Common Stock 95K $1.01 Direct F1, F2
transaction BOXD Stock Option Award +70.7K 70.7K Dec 8, 2021 Common Stock 70.7K $2.46 Direct F1, F2
transaction BOXD Stock Option Award +5.31K 5.31K Dec 8, 2021 Common Stock 5.31K $2.46 Direct F1, F2
transaction BOXD Stock Option Award +15.3K 15.3K Dec 8, 2021 Common Stock 15.3K $2.46 Direct F1, F2
transaction BOXD Stock Option Award +8.41K 8.41K Dec 8, 2021 Common Stock 8.41K $2.46 Direct F1, F2
transaction BOXD Stock Option Award +2.37K 2.37K Dec 8, 2021 Common Stock 2.37K $3.21 Direct F1, F2
transaction BOXD Stock Option Award +133K 133K Dec 8, 2021 Common Stock 133K $3.37 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Darrell B. Williams is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On December 8, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of June 13, 2021, by and among the Issuer, Blossom Merger Sub, Inc. ("Merger Sub"), Blossom Merger Sub II, LLC ("Merger Sub II") and Giddy Inc. ("Boxed"), upon the effective time of the transactions contemplated thereby, each outstanding option to purchase shares of Boxed common stock (each a "Boxed Option") was automatically cancelled and converted into an option to purchase a number of shares of common stock of the Issuer equal to (i) the number of shares of Boxed common stock subject to the applicable Boxed Option multiplied by (ii) approximately 0.9498, rounded down to the nearest whole share.
F2 The stock option is fully vested and currently exercisable.
F3 This stock option vests in 48 monthly installments beginning on October 1, 2018.

Remarks:

On December 10, 2021 the Reporting Person filed a Form 4 (the "Original Form 4"), which inadvertently understated the number of shares of Common Stock underlying the Stock Options reported therein. This amendment is being filed to correct the amounts listed in Columns 5, 7 and 9 of Table II, and there have been no other changes to the information presented in the Original Form 4.