Henry Nance, who serves as the Chief Operating Officer at Boxlight Corp (NASDAQ: BOXL), filed a report on November 25, 2025, detailing a transaction involving the company's equity. The filing confirms the disposal of 11 shares of Boxlight's Class A common stock. The total value of this specific transaction was recorded at $56.
The shares were liquidated at a price of $5.10 per share. According to the official filing documentation, this sale was executed specifically to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs) held by Mr. Nance. The filing characterizes these sell-to-cover transactions as automatic, routine, and non-discretionary. These mechanics are mandated by Boxlight under its established equity incentive plan, indicating that the transaction was a procedural requirement rather than a discretionary market decision.
Following the completion of this transaction, Mr. Nance's direct holdings in Boxlight Class A common stock stand at 1,291 shares. This total position is composed of 1,008 shares of Class A common stock that are fully vested and 283 RSUs that remain subject to specific vesting conditions.
Market data indicates a sharp decline in Boxlight's stock price since the time of this transaction. The stock is currently trading at $0.76, corresponding to a market capitalization of $3.05 million. InvestingPro data highlights that the stock has fallen 93% over the past year. Despite this significant downward trajectory, analysis suggests that the stock remains undervalued at its current price levels. Investors seeking comprehensive analysis and 10 additional ProTips for BOXL can access this information through InvestingPro.