BOX Insider Files Form 144 to Sell 5,000 Shares on NYSE
Rhea-AI Filing Summary
Form 144 filed for BOX Inc. The notice reports a proposed sale of 5,000 common shares through UBS Financial Services, Inc. (Weehawken, NJ) with an aggregate market value of $161,200.00. The shares represent restricted stock units acquired from the issuer on 09/09/2021 and the proposed approximate sale date is 09/26/2025 on the NYSE. The filing shows 144,885,814 shares outstanding for the class and indicates no securities sold in the past three months by the reporting person. The filer affirms, by signature, they are not aware of undisclosed material adverse information and references Rule 10b5-1 timing if applicable.
Positive
- Complete Form 144 disclosure including broker, share count, market value, acquisition date, and proposed sale date
- Shares acquired as RSUs are explicitly documented (09/09/2021), showing origin of the holdings
- Filer attests to lack of undisclosed material adverse information and references Rule 10b5-1 where applicable
Negative
- Insider proposes to sell shares (5,000 shares) which may be viewed negatively by some investors despite being small relative to outstanding shares
Insights
TL;DR: Routine insider notice disclosing a small proposed sale of BOX shares under Rule 144.
The Form 144 documents a proposed sale of 5,000 BOX common shares valued at $161,200, filed for sale through a broker on the NYSE. The shares were acquired as RSUs on 09/09/2021, and there are 144,885,814 shares outstanding for the class, indicating the transaction is small relative to total float. The filing contains the standard representation about lack of undisclosed material information and notes no reportable sales in the prior three months. This is a compliance-focused disclosure rather than a material corporate event.
TL;DR: Compliance disclosure appears complete; standard insider selling notice with Rule 144 and 10b5-1 references.
The submission specifies broker, share count, acquisition method (RSU), acquisition date, and proposed sale date, meeting Form 144 disclosure elements. The signer affirms absence of undisclosed material adverse information and references potential Rule 10b5-1 plan timing. No other related-party transactions or recent sales are reported. From a governance perspective this is a routine disclosure reflecting an insider sale authorization rather than a governance change.
FAQ
What does the BOX (BOX) Form 144 disclose?
When and how were the shares being sold acquired?
Does the Form 144 report recent sales by the filer in the past three months?
On which exchange is the proposed sale to occur?
What does the filer represent about material information?