Davis Morris A. 4

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.