Davis Morris A. 4
4 · BOXABL Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
BOXABL (BOX) Director Davis Morris Receives 312,500 RSUs
What Happened
Davis Morris, a director of BOXABL Inc. (BOX), was granted 312,500 restricted stock units (RSUs) on a report dated 2026-05-05 (filed 2026-05-07). The RSUs are derivative awards (each RSU converts to one share upon vesting), granted for no cash consideration and carry no immediate share sale or purchase.
Key Details
- Transaction type/date: Award (Code A) reported for 2026-05-05; Form 4 filed 2026-05-07 (timely).
- Amount: 312,500 RSUs granted; no per-share price (derivative award).
- Effective grant date: January 1, 2026 (footnote).
- Vesting: Eligible to vest in four installments every three months starting on the three-month anniversary of the effective grant date (i.e., beginning ~Apr 1, 2026); additional acceleration if death/disability, qualifying Change of Control, or end of IPO lock-up (see footnote).
- Forfeiture: If the director’s service ends for any reason other than death or disability before vesting, all unvested RSUs (including those eligible but not yet vested) are forfeited.
- Consideration: RSUs granted for no consideration.
- Shares owned after transaction: Not specified in the filing.
Context
RSUs are a form of equity compensation that convert to shares only upon vesting; this grant does not represent an immediate purchase or sale of shares and doesn't by itself indicate insider buying or selling sentiment. The filing reports a standard, timely director equity grant under BOXABL’s Amended 2021 Stock Incentive Plan.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F5][F3][F4]2026-05-05+312,500→ 312,500 total→ Common Stock, par value $0.00001 (312,500 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive, upon vesting, one share of Common Stock under the Plan.
- [F2]Represents the date that the Issuer and the Reporting Person executed the Restricted Stock Unit Agreement under the BOXABL Inc. Amended 2021 Stock Incentive Plan (the "Plan"). The RSUs have an effective grant date of January 1, 2026.
- [F3]The RSUs were granted with an effective grant date of January 1, 2026; become eligible to vest in four installments every three months beginning on the three-month anniversary of the effective grant date; and, thereafter, the RSU will vest upon the earliest of (i) the date on which the Reporting Person's service as a director of the Issuer terminates due to the Reporting Person's death or disability, (ii) the date of the closing of a transaction (or series of transactions) that results in a Change of Control (as defined in the Plan) provided that such transaction (or series of transactions) constitutes a "change in control event" as define in Section 409A of the Code and the regulations thereunder, and (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 Issuer's equity securities to the public on an established securities market.
- [F4]If, prior to the RSUs vesting, the Reporting Person's service as a director terminates for any reason other than death or disability, the Reporting Person will forfeit all RSUs, including all RSUs that have become eligible to vest but have not vested (as discussed in Note 3 above) and the Restricted Stock Unit Agreement will be cancelled.
- [F5]The RSUs were received as a grant for no consideration.