Box (NYSE: BOX) CFO’s 10b5-1 sale trims holding to 1.31M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX Inc Chief Financial Officer Dylan C. Smith reported an open-market sale of 10,280 shares of Class A Common Stock at a weighted average price of $22.094 per share. The trade was executed under a pre-arranged Rule 10b5-1 trading plan.
After this transaction, Smith directly owns 1,314,971 shares of BOX, some of which are represented by time-based and performance-based restricted stock units that vest over time, aligning a portion of his compensation with the company’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,280 shares ($227,126)
Net Sell
1 txn
Insider
Smith Dylan C
Role
Chief Financial Officer
Sold
10,280 shs ($227K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,280 | $22.094 | $227K |
Holdings After Transaction:
Class A Common Stock — 1,314,971 shares (Direct)
Footnotes (1)
- The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2025. This sale price represents the weighted average sale price of the shares sold ranging from $22.00 to $22.44 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. Certain of these shares are represented by time-based and performance-based restricted stock units ("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.
Key Figures
Shares sold: 10,280 shares
Average sale price: $22.094 per share
Post-transaction holdings: 1,314,971 shares
+1 more
4 metrics
Shares sold
10,280 shares
Open-market sale on April 10, 2026
Average sale price
$22.094 per share
Weighted average for reported sales
Post-transaction holdings
1,314,971 shares
Direct ownership after the sale
Sale price range
$22.00–$22.44 per share
Range of prices for individual trades
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units ("RSUs"), performance-based
4 terms
Rule 10b5-1 trading plan regulatory
"The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold ranging from $22.00 to $22.44"
restricted stock units ("RSUs") financial
"Certain of these shares are represented by time-based and performance-based restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based financial
"time-based and performance-based restricted stock units ("RSUs")"
FAQ
What does the Form 4 reveal about BOX (BOX) CFO’s restricted stock units?
The Form 4 notes that certain reported shares are represented by restricted stock units (RSUs). Each RSU entitles the CFO to one share of BOX common stock, subject to specific time-based or performance-based vesting conditions and his continuous service through each vesting date.
What type of transaction did the BOX (BOX) CFO report in this Form 4?
The CFO reported an open-market sale of BOX Class A Common Stock, coded as a sale transaction. It involved 10,280 non-derivative shares and was executed within a price range of $22.00 to $22.44 per share under a trading plan.