secwatch.observer — SEC 8-K summary
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Issuer:     BOXABL Inc. (—)
CIK:        0001816937
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001096906-23-001983
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boxabl appoints Martin Noe Costas as CFO with $5M stock grant
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- $325,000 annual salary, $5M stock grant (7,142,857 RSUs), and $27,500 relocation.
- RSUs vest fully on Oct 2, 2026, but payable only upon a Qualifying Transaction (change of control, IPO, or Company tender).
- If employment terminates before a Qualifying Transaction, all RSUs are cancelled with no payment.
- Costas previously served as CFO of Honeywell Process Solutions ($4B+ division) from 2022 to Oct 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816937/000109690623001983/0001096906-23-001983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816937/000109690623001983/box-20231009.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-001983

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