4//SEC Filing
Cooper David Ross II 4
Accession 0001493152-24-052271
CIK 0001816937other
Filed
Dec 26, 7:00 PM ET
Accepted
Dec 27, 4:28 PM ET
Size
6.8 KB
Accession
0001493152-24-052271
Insider Transaction Report
Form 4
BOXABL Inc.NONE
Cooper David Ross II
Director
Transactions
- Award
Restricted Stock Units
2024-12-24$0.80/sh+250,000$200,000→ 307,143 totalFrom: 2025-12-24→ Common Stock (250,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock under the BOXABL Inc. Amended 2021 Stock Incentive Plan
- [F2]The Restricted Stock Units ("RSUs) were granted on December 24, 2024, will vest on a quarterly basis, and become subject to monetization and upon the occurrence of a "Qualifying Transaction," defined as the first to occur of (i) a time at which the Company tenders for and successfully acquires the RSUs, (ii) the date of the closing of a transaction (or series of transactions) that results in a "change of control" of the Company; or (iii) the first trading day that is on or after the expiration of the "lock up" period after the effective date of the initial underwritten sale of the Company's equity securities to the public on an established securities market.
- [F3]If the Directorship terminates for any reason prior to a Qualifying Transaction, such termination will result in the immediate cancellation and lapse of the RSUs. In the event of termination for cause after a Qualifying Transaction but prior to payment, no payment will occur.
- [F4]The RSUs will be settled in shares of the Company's Common Stock and a cash payment made in a single sum within fifteen business days after the closing of a Qualifying Transaction.
Documents
Issuer
BOXABL Inc.
CIK 0001816937
Entity typeother
Related Parties
1- filerCIK 0001996028
Filing Metadata
- Form type
- 4
- Filed
- Dec 26, 7:00 PM ET
- Accepted
- Dec 27, 4:28 PM ET
- Size
- 6.8 KB