Box Executive Retains Large Position Despite Tax-Related Share Settlement

Rhea-AI Filing Summary

Box Inc insider trading activity report reveals that Eli Berkovitch, VP Chief Accounting Officer & Controller, underwent a tax-related share transaction on June 20, 2025. The company withheld 1,903 shares of Class A Common Stock at $35.02 per share to satisfy income tax obligations related to the vesting of restricted stock units (RSUs).

Following the transaction, Berkovitch maintains beneficial ownership of 136,867 shares held directly. Important notes:

• Transaction was a share withholding (Code F) for tax purposes, not a market sale
• Some shares are in the form of unvested RSUs subject to continued service conditions
• Filing was completed through an attorney-in-fact, David Leeb

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Berkovitch Eli

Role VP Chief Acct Ofr & Controller

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	1,903	$35.02	$67K

Holdings After Transaction: Class A Common Stock — 136,867 shares (Direct)

Footnotes (1)

1. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") and does not represent a sale by the Reporting Person. Certain of these shares are represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Berkovitch Eli

(Last) (First) (Middle)

900 JEFFERSON AVE

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BOX INC [ BOX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP Chief Acct Ofr & Controller

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
Class A Common Stock	06/20/2025		F		1,903(1)	D	$35.02	136,867(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") and does not represent a sale by the Reporting Person.

2. Certain of these shares are represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date.

	/s/ David Leeb, Attorney-in-Fact	06/20/2025
	** 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.

FAQ

How many BOX shares were withheld for tax purposes from Eli Berkovitch's RSU settlement on June 20, 2025?

According to the Form 4 filing, 1,903 shares of BOX Class A Common Stock were withheld by the company at a price of $35.02 per share to satisfy income tax withholding obligations related to Eli Berkovitch's RSU settlement.

What is Eli Berkovitch's position at BOX?

Eli Berkovitch serves as VP Chief Accounting Officer & Controller at BOX, Inc., as disclosed in the Form 4 filing.

How many BOX shares does Eli Berkovitch own after the June 20, 2025 transaction?

Following the reported transaction, Eli Berkovitch beneficially owns 136,867 shares of BOX Class A Common Stock directly. Some of these shares are represented by restricted stock units (RSUs) that are subject to vesting conditions.

What was the share price of BOX stock for the tax withholding transaction on June 20, 2025?

The shares were withheld at a price of $35.02 per share for tax withholding purposes related to the RSU settlement.

Did Eli Berkovitch sell BOX shares in this Form 4 transaction?

No, the Form 4 explicitly states that this transaction represents shares withheld by BOX to satisfy income tax and withholding obligations in connection with RSU settlement and does not represent a sale by Eli Berkovitch.