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Filing Details

Accession Number:: 0001104659-22-008865
Form Type:: 5
Zero Holdings:: No
Publication Time:: 2022-01-28 13:02:24
Reporting Period:: 2021-12-31

Accepted Time:: 2022-01-28 13:02:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1624512	Boxlight Corp	BOXL	Services-Educational Services (8200)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1905963	Shaun Marklew	C/O Boxlight Corporation 1045 Progress Circle Lawrenceville GA 30043	Chief Technology Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2021-07-08	5,875	$2.59	182,375	No	4	S	Direct
Class A Common Stock	Disposition	2021-10-14	5,875	$2.29	176,500	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	188,250	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	SERIES B PREFERRED STOCK	$1.66	2024-01-01		195,740	32,493	Direct
Class A Common Stock	SERIES B PREFERRED STOCK	$1.66	2026-01-01		163,117	27,077	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	195,740	32,493	Direct
	163,117	27,077	Direct

Footnotes

The Reporting Person became a named executive officer of the Issuer on July 1, 2021, at which time he became subject to Section 16 reporting. The Reporting person at that time held a total of 188,250 restricted stock units ("RSU") pursuant to a grant he had originally received from the Issuer upon commencement of his employment in November 2020. The RSUs vest quarterly in substantially equal installments over the course of four (4) years, with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting.
Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer under its equity incentive plan which requires the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
The Reporting Person acquired the Series B and Series C Preferred Stock on September 24, 2020 in conjunction with the sale of Sahara Holdings Limited to the Issuer.
The Series B Preferred Stock is convertible, at the option of the holder, into shares of Class A Common Stock at any time on or after January 1, 2024 at a conversion price of $1.66 per share, subject to the conditions set forth in the Amended and Restated Certificate of Designation for the BOXL Series B Preferred Stock, filed with the Nevada Secretary of State on November 13, 2020. The Series B Preferred Stock will convert automatically upon the Issuer's Class A common stock trading at 200% of the Conversion Price.
The Series C Preferred Stock is convertible, at the option of the holder, into shares of Class A Common Stock at any time on or after January 1, 2026 at a conversion price of $1.66 per share, subject to the conditions set forth in the Certificate of Designation for the BOXL Series C Preferred Stock, filed with the Nevada Secretary of State on September 25, 2020, as amended on November 13, 2020. The Series C Preferred Stock will convert automatically upon the Issuer's Class A common stock trading at 200% of the Conversion Price.
Not applicable.