Yaman Jared 4
4 · Boxed, Inc. · Filed Dec 10, 2021
Insider Transaction Report
Form 4
Boxed, Inc.BOXD
Yaman Jared
DirectorChief Operating Officer
Transactions
- Award
Common Stock
2021-12-08+1,602,314→ 1,602,314 total - Award
Stock Option
2021-12-08+118,072→ 118,072 totalExercise: $3.37Exp: 2029-08-07→ Common Stock (118,072 underlying)
Footnotes (2)
- [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 (the "Exchange Ratio").
- [F2]This stock option vests in 48 monthly installments beginning on October 1, 2018.