Marklew Shaun 4

What Happened
Shaun Marklew, Chief Technology Officer of Boxlight Corp (BOXL), sold 13 shares on 2025-11-24 at $4.92 per share for proceeds of about $64. The sale was a sell-to-cover tied to the vesting of restricted stock units (RSUs) and was automatic rather than a discretionary open-market trade.

Key Details

• Transaction date and price: 2025-11-24, 13 shares sold at $4.92 each (total ≈ $64).
• Post-transaction holdings: 472 shares of Class A common stock outstanding and 319 RSUs that remain subject to vesting.
• Reason/remark: Sale executed to satisfy tax withholding on RSU vesting; described as automatic, routine, and non-discretionary and exempt under Section 16b-3.
• Filing timeliness: Form 4 was filed 2026-06-11 for a 2025-11-24 transaction — the filing is late (several months after the transaction).

Context
Sell-to-cover transactions are routine tax-withholding actions tied to equity awards and typically do not signal an insider’s discretionary view on the stock. This was a very small, administrative sale rather than a material disposition.