Home > Insider Trading > Filing (0001890716-23-000008)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1828672	Boxed Inc.	BOXD	Retail-Catalog & Mail-Order Houses (5961)	853316188

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1890716	Michael David Miller	61 Broadway Floor 30 New York NY 10006	Chief Technology Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-01-27	93,750	$0.00	93,750	No	4	M	Direct
Common Stock	Disposition	2023-01-27	40,771	$0.48	52,979	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted stock units	Disposition	2023-01-26	93,750	$0.00	93,750	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
206,250			No	4	M	Direct

Footnotes

Each restricted stock unit (RSU) represents the contingent right to receive one share of the Issuer's common stock.
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.
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.
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.