Kelly Janzen - Jun 7, 2023 Form 4 Insider Report for BlueLinx Holdings Inc. (BXC)

Role: SVP, CFO AND TREASURER
Signature: /s/ Brad Resler, as attorney-in-fact for Kelly Janzen
Stock symbol: BXC
Transactions as of: Jun 7, 2023
Transactions value $: -$1,222,802
Form type: 4
Date filed: 6/9/2023, 05:46 PM
Previous filing: Jul 5, 2022
Next filing: Jul 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BXC	Common Stock	Options Exercise		+22K	+46.35%		69.3K	Jun 8, 2023	Direct	F1, F2, F3
transaction	BXC	Common Stock	Tax liability	-$1.07M	-11.4K	-16.5%	$93.91	57.9K	Jun 8, 2023	Direct	F4
transaction	BXC	Common Stock	Options Exercise		+3.03K	+5.23%		60.9K	Jun 8, 2023	Direct	F2, F5
transaction	BXC	Common Stock	Tax liability	-$148K	-1.58K	-2.59%	$93.91	59.4K	Jun 8, 2023	Direct	F6

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	BXC	Restricted Stock Units	Award	$0	+4.47K		$0.00	4.47K	Jun 7, 2023	Common Stock	4.47K		Direct	F2, F7
transaction	BXC	Restricted Stock Units	Options Exercise	$0	-22K	-100%	$0.00^*	0	Jun 8, 2023	Common Stock	22K		Direct	F1, F2, F3
transaction	BXC	Restricted Stock Units	Options Exercise	$0	-3.03K	-50%	$0.00	3.03K	Jun 8, 2023	Common Stock	3.03K		Direct	F2, F5
holding	BXC	Restricted Stock Units						4.02K	Jun 7, 2023	Common Stock	4.02K		Direct	F2, F8

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

Explanation of Responses:

Id	Content
F1	Represents the conversion of restricted stock units that vested on June 8, 2023. These are time-based restricted stock units that vest in two equal annual installments commencing on June 8, 2022. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
F2	Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
F3	This Form 4 includes the correction of a prior inadvertent administrative error in the amount of securities held, and the number of shares subject to certain restricted stock units held, by the reporting person prior to the transactions reported herein.
F4	These shares were withheld to cover tax withholding obligations when 21,960 time-based restricted stock units vested on June 8, 2023.
F5	Represents the conversion of restricted stock units that vested on June 8, 2023. These are time-based restricted stock units that vest in three equal annual installments commencing on June 8, 2022. Vested shares will be delivered to the reporting person not later than 30 days after the vesting date.
F6	These shares were withheld to cover tax withholding obligations when 3,030 time-based restricted stock units vested on June 8, 2023.
F7	These are time-based restricted stock units that vest in three equal annual installments commencing on June 7, 2024. Vested shares will be delivered to the reporting person not later than 30 days after each vesting date.
F8	These are time-based restricted stock units that vest in three equal annual installments commencing on June 30, 2023. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date.