Chieh E. Huang - Mar 16, 2022 Form 4 Insider Report for Boxed, Inc. (BOXD)

Role
Chief Executive Officer, Director
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, 04:10 PM
Previous filing
Dec 10, 2021
Next filing
Jun 17, 2022

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 +300K $0.00 300K Mar 16, 2022 Common Stock 300K Direct F1
transaction BOXD Performance-based restricted stock units Award $0 +600K $0.00 600K Mar 16, 2022 Common Stock 600K Direct F2, F3
* 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 the 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.