Marklew Shaun 4
4 · Boxlight Corp · Filed Jun 11, 2024
Insider Transaction Report
Form 4
Boxlight CorpBOXL
Marklew Shaun
Chief Technology Officer
Transactions
- Sale
CLASS A COMMON STOCK
2024-05-30$0.70/sh−875$613→ 30,032 total
Footnotes (2)
- [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) 7,137 shares of Class A common stock and (ii) 22,895 RSUs which remain subject to certain vesting conditions.