Starkey Mark 4
4 · Boxlight Corp · Filed Mar 31, 2023
Insider Transaction Report
Form 4
Boxlight CorpBOXL
Starkey Mark
PRESIDENT
Transactions
- Sale
CLASS A COMMON STOCK
2023-03-28$0.36/sh−5,875$2,100→ 301,028 total - Other
Restricted Stock Units
2023-03-25−12,500→ 75,000 totalExercise: $0.00Exp: 2023-03-25→ CLASS A COMMON STOCK (12,500 underlying)
Footnotes (4)
- [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") held by the Reporting Person. Upon vesting of the RSUs, the sales are automatic, routine, non-discretionary transactions mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by "sell to cover" transactions. These transactions exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
- [F2]Consists of (i) 226,028 shares of Class A common stock and (ii) 75,000 RSUs which remain subject to certain vesting conditions.
- [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 years, commencing on December 25, 2020.