Starkey Mark - Sep 25, 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
PRESIDENT
Signature
/s/ Mark Starkey
Stock symbol
BOXL
Transactions as of
Sep 25, 2021
Transactions value $
$59,670
Form type
4
Date filed
11/22/2021, 11:44 AM
Previous filing
Aug 24, 2021
Next filing
Jan 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Conversion of derivative security $0 +12.5K +8.94% $0.00 152K Sep 25, 2021 Direct F3
transaction BOXL CLASS A COMMON STOCK Sale $12.7K +5.88K +4.18% $2.16 147K Oct 14, 2021 Direct F1
transaction BOXL CLASS A COMMON STOCK Purchase $47K +27K +18.43% $1.74 174K Nov 19, 2021 Direct F2

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 BOXL RESTRICTED STOCK UNITS Other $0 -12.5K -7.69% $0.00 150K Sep 25, 2021 COMMON STOCK 12.5K $0.00 Direct F3, F4
* 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"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The shares were purchased on the open market at an average price of $1.74 per share.
F3 Conversion of ("RSUs") into shares of BOXL Class A Common Stock.
F4 The ("RSUs") vest in substantially equal installments quarterly over the course of four (4) years, commencing on December 25, 2020.