Marklew Shaun 4

What Happened

• Shaun Marklew, Chief Technology Officer of Boxlight Corp (BOXL), reported a sale of 17 shares on 2025-11-25 at $5.10 per share, generating roughly $87. The sale was a routine "sell-to-cover" tied to RSU vesting to satisfy tax withholding obligations and was automatic/non-discretionary under the company’s equity plan.

Key Details

• Transaction date and price: 2025-11-25 at $5.10 per share.
• Shares sold: 17; approximate proceeds: $87.
• Shares owned after transaction: 491 shares of Class A common stock plus 283 RSUs remaining subject to vesting.
• Footnotes: Sale executed to cover tax withholding on vested RSUs; issuer-mandated, routine "sell-to-cover" and exempt under SEC Rule 16b-3.
• Filing timeliness: Form 4 filed 2026-06-11 for a 2025-11-25 transaction — this is a late filing.

Context

• Sell-to-cover transactions are standard when RSUs vest and typically reflect tax mechanics rather than a discretionary decision about the company’s outlook. The amount sold here is very small ($87), so it’s unlikely to indicate meaningful insider sentiment.