STOCK TITAN

Box (NYSE: BOX) CFO’s 10b5-1 sale trims holding to 1.31M shares

Filing Impact
(High)
Filing Sentiment
(Negative)
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 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)
  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.
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
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")"
SEC Form 4
FORM 4UNITED 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*
Smith Dylan C

(Last)(First)(Middle)
900 JEFFERSON AVE.

(Street)
REDWOOD CITY CALIFORNIA 94063

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BOX INC [ BOX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock04/10/2026S(1)10,280D$22.094(2)1,314,971(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2025.
2. 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.
3. 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.
/s/ David Leeb, Attorney-in-Fact04/14/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

How many BOX (BOX) shares did CFO Dylan Smith sell in this Form 4?

CFO Dylan C. Smith sold 10,280 shares of BOX Class A Common Stock. The shares were sold in an open-market transaction at a weighted average price of $22.094 per share, according to the reported Form 4 filing.

What price did the BOX (BOX) CFO receive for the shares sold?

The BOX CFO received a weighted average price of $22.094 per share for the 10,280 shares sold. Individual sale prices ranged from $22.00 to $22.44 per share, as disclosed in the Form 4 footnotes.

How many BOX (BOX) shares does CFO Dylan Smith hold after this sale?

After the sale, CFO Dylan C. Smith directly holds 1,314,971 BOX shares. This total includes shares represented by time-based and performance-based restricted stock units, which will deliver BOX common stock as vesting and continuous service conditions are satisfied.

Was the BOX (BOX) CFO’s share sale part of a Rule 10b5-1 trading plan?

Yes. The filing states the reported sales were made under a Rule 10b5-1 trading plan. This pre-arranged plan was adopted by the reporting person on May 29, 2025, indicating the transactions were scheduled in advance rather than timed discretionarily.

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.