07/27/2026 | Press release | Distributed by Public on 07/27/2026 15:28
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units | (1) | (2) | Class A Common Stock, par value $0.0001 | 24,352(3) | (3) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Davis Morris A. 5345 E. N. BELT ROAD NORTH LAS VEGAS, NV 89115 |
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| /s/ Morris Davis | 07/27/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The RSU were granted with an effective grant date of January 1, 2026, become eligible to vest in four installments every three months beginning on the three-month anniversary of the effective grant date and vest upon the earliest of (i) termination due to death or disability, (ii) a Change of Control, and (iii) upon the expiration of the lock up period for an initial underwritten sale of equity securities. |
| (2) | If, prior to the RSUs vesting, the Reporting Person's service as a director terminates for any reason other than death or disability, the Reporting Person will forfeit all RSUs, including all RSUs that have become eligible to vest but have not vested (as discussed in Note 1 above) and the Restricted Stock Unit Agreement will be cancelled. |
| (3) | Each RSU represents the right to receive, upon vesting, approximately 0.078 of a share of Class A Common Stock of BOXABL Inc. The RSUs were received by the Reporting Person as a grant for no consideration. |