Miller David Michael 4
4 · Boxed, Inc. · Filed Jan 30, 2023
Insider Transaction Report
Form 4
Boxed, Inc.BOXD
Miller David Michael
Chief Technology Officer
Transactions
- Exercise/Conversion
Restricted stock units
2023-01-26−93,750→ 206,250 total→ Common Stock (93,750 underlying) - Exercise/Conversion
Common Stock
2023-01-27+93,750→ 93,750 total - Sale
Common Stock
2023-01-27$0.48/sh−40,771$19,611→ 52,979 total
Footnotes (4)
- [F1]Each restricted stock unit (RSU) represents the contingent right to receive one share of the Issuer's common stock.
- [F2]The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of vested RSUs. These sales are mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations in connection with the RSUs reported to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]The price reported in Column 4 is a weighted average per share sales price. These shares were sold in multiple transactions at prices ranging from $0.48 to $0.493351, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F4]On March 16, 2022, the Reporting Person was granted 300,000 RSUs, vesting over a four-year period, with the first 25% vesting on October 11, 2022 and the remaining vesting in even monthly increments thereafter.