[Form 4] BOX, INC. Insider Trading Activity

Rhea-AI Filing Summary

Meta Platforms, Inc. (NASDAQ: META) – Form 144 filing discloses that Mark Zuckerberg intends to sell an additional 13,793 Class A common shares on or about 01 July 2025. The broker named for the transaction is Charles Schwab & Co., Inc. and the filing lists an aggregate market value of $9.98 million for the proposed sale. The shares were originally acquired via an option exercise on 17 May 2012 and will be sold on the NASDAQ exchange.

The form also details 13 prior sales executed by Mr. Zuckerberg between 06 June 2025 and 30 June 2025. During this period he disposed of approximately 124,846 shares for total gross proceeds of ≈ $89.0 million. Individual transactions ranged from 500 to 13,793 shares, with proceeds per trade between roughly $0.35 million and $10.21 million.

Key takeaways:

• Continued insider selling pattern by Meta’s Chief Executive Officer within a single quarter.
• Upcoming sale represents a small fraction (≈0.006%) of Meta’s reported 2.17 billion shares outstanding, but may signal ongoing liquidity diversification.
• Sale is being filed under Rule 144, indicating shares are not subject to a lock-up and that the insider affirms no undisclosed material information.

Positive

• Transparent disclosure: Filing under Rule 144 provides timely visibility into the CEO’s trading intentions and affirms compliance with insider-trading regulations.

Negative

• Ongoing insider selling: CEO Mark Zuckerberg has sold ≈ 124.8 k shares for ≈ $89 m in June 2025 and plans to dispose of another 13.8 k shares, a pattern that can pressure investor sentiment.

Insights

Securities Analyst

TL;DR: CEO plans further share sale; sustained insider selling trend may weigh on sentiment.

Rule 144 filings do not directly affect fundamentals, but a CEO’s repetitive sales often attract investor scrutiny. Zuckerberg has already liquidated ≈ 124.8 k shares for ≈ $89 m in June 2025 and now plans another 13.8 k shares (~$10 m). While the amount is immaterial relative to Meta’s >$1 tn market cap and 2.17 bn share count, persistent selling can create a perception of limited upside or personal diversification. No operational data accompany the filing, so the market response will hinge largely on insider-sentiment optics rather than cash-flow impact.

Corporate Governance Expert

TL;DR: Filing shows compliant, transparent use of Rule 144 but underscores governance focus on insider trading cadence.

The notice confirms that Zuckerberg attests to possessing no undisclosed adverse information and, if relying on a 10b5-1 plan, that it was adopted previously. From a governance lens, transparency is positive; however, the cadence and size of recent sales (13 transactions in June) raise monitoring needs for board committees and investors. Aggregate insider selling may influence proxy advisory recommendations if perceived as misaligned with shareholder value creation, though the use of standard brokerage and full disclosure mitigates regulatory concerns.

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).

X

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^*

Mayer Bethany

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

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	06/27/2025		A		9,022(1)	A	$0.00	20,407(2)	D
Class A Common Stock	06/30/2025		S(3)		5,123	D	$34.064(4)	15,284(2)	D
Class A Common Stock	06/30/2025		G		6,262	D	$0	9,022(2)	D
Class A Common Stock	06/30/2025		G		6,262	A	$0	64,993	I	See footnote(5)

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 an annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs will vest on the earlier of (i) twelve months from date of grant (i.e. June 27, 2026) or (ii) the date of the Issuer's next annual meeting of stockholders.

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.

3. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 9, 2024.

4. This sale price represents the weighted average sale price of the shares sold ranging from $33.955 to $34.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

5. The shares are held of record by Bethany Mayer and Dale Jantzen, as Trustees of The Jantzen/Mayer Family 2002 Trust.

	/s/ David Leeb, Attorney-in-Fact	07/01/2025
	** 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 Meta (META) shares does Mark Zuckerberg plan to sell in this Form 144?

The filing covers 13,793 Class A common shares scheduled for sale around 01 July 2025.

What is the estimated market value of the proposed META share sale?

The shares are valued at approximately $9.98 million based on the information provided in the Form 144.

How many Meta shares has Mark Zuckerberg sold in the past three months?

According to the filing, he sold about 124,846 shares between 06 June 2025 and 30 June 2025.

What were the total gross proceeds from Zuckerberg’s recent META share sales?

The listed transactions generated roughly $89.0 million in gross proceeds.

Which broker is executing the planned META share sale?

The broker named is Charles Schwab & Co., Inc., 3000 Schwab Way, Westlake, TX 76262.

On which exchange will the META shares be sold?

The proposed sale will take place on the NASDAQ.