Starkey Mark 4
4 · Boxlight Corp · Filed Jul 13, 2023
Insider Transaction Report
Form 4
Boxlight CorpBOXL
Starkey Mark
PRESIDENT
Transactions
- Other
Restricted Stock Units
2023-06-25−1,563→ 7,812 totalExercise: $0.00Exp: 2023-06-25→ CLASS A COMMON STOCK (1,563 underlying) - Sale
CLASS A COMMON STOCK
2023-07-03$2.22/sh−735$1,632→ 38,090 total
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 are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
- [F2]Consists of (i) 29,496 shares of Class A common stock and (ii) 8,594 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.