| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BOXABL Inc. [ BOX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/05/2026 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 05/05/2026(2) | A | 312,500 | (3) | (4) | Common Stock, par value $0.00001 | 312,500(1) | (5) | 312,500 | D | ||||
| Explanation of Responses: |
| 1. Each Restricted Stock Unit ("RSU") represents the right to receive, upon vesting, one share of Common Stock under the Plan. |
| 2. Represents the date that the Issuer and the Reporting Person executed the Restricted Stock Unit Agreement under the BOXABL Inc. Amended 2021 Stock Incentive Plan (the "Plan"). The RSUs have an effective grant date of January 1, 2026. |
| 3. The RSUs 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, thereafter, the RSU will vest upon the earliest of (i) the date on which the Reporting Person's service as a director of the Issuer terminates due to the Reporting Person's death or disability, (ii) the date of the closing of a transaction (or series of transactions) that results in a Change of Control (as defined in the Plan) provided that such transaction (or series of transactions) constitutes a "change in control event" as define in Section 409A of the Code and the regulations thereunder, and (iii) the first trading day that is on or after the expiration of the "lock up" period after the effective date of the initial underwritten sale of the Issuer's equity securities to the public on an established securities market. |
| 4. 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 3 above) and the Restricted Stock Unit Agreement will be cancelled. |
| 5. The RSUs were received as a grant for no consideration. |
| /s/ Martin Noe Costas, as Attorney-in-Fact for the Reporting Person pursuant to a Power of Attorney filed on December 17, 2025. | 05/07/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||