[Form 4] BOX, INC. Insider Trading Activity

Rhea-AI Filing Summary

BOX Inc. (ticker: BOX) filed a Form 4 disclosing that outside director Stephen Francis Murphy received an annual equity award on June 27 2025. The grant consists of 6,158 restricted stock units (RSUs), each convertible into one share of Class A Common Stock upon settlement. The RSUs will vest 100% on the earlier of June 27 2026 or the company’s next annual meeting of stockholders, in line with the Outside Director Compensation Policy.

The transaction is coded A (Acquisition) at a price of $0.00, indicating a non-cash award rather than an open-market purchase. After the grant, Murphy’s total beneficial ownership rises to 22,068 Class A shares, a figure that includes unvested RSUs. No derivative securities were reported, and no shares were sold.

The filing represents routine director compensation and does not contain operational, financial, or strategic disclosures that would materially affect BOX’s investment thesis.

Positive

• Director equity grant increases alignment between board member Stephen Murphy and shareholders by raising his beneficial ownership to 22,068 shares.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU grant; minimal market impact.

This Form 4 documents an automatic, non-cash RSU award to director Stephen Murphy. The 6,158-share grant is typical of BOX’s director compensation structure and raises his holdings to 22,068 shares. Because the award is standard, carries a $0 cost basis, and involves no sales, it does not alter supply-and-demand dynamics nor signal insider sentiment beyond normal alignment incentives. I view the disclosure as neutral for valuation or near-term price action.

Corporate Governance Expert

TL;DR: Standard outside-director equity alignment; no governance red flags.

The RSU grant follows BOX’s stated Outside Director Compensation Policy, vesting after one year or the next AGM. Such grants bolster director–shareholder alignment without immediate dilution, as shares are issued upon settlement. No accelerated vesting, unusual size, or contingent performance hurdles are noted. Governance risk remains unchanged; impact is not material to investors.

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

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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^*

Murphy Stephen Francis

(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		6,158(1)	A	$0.0	22,068(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 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.

	/s/ David Leeb, Attorney-in-Fact	06/30/2025
	** 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.
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FAQ

What insider transaction did BOX (BOX) report on June 27, 2025?

BOX disclosed that director Stephen F. Murphy acquired 6,158 RSUs as part of the Outside Director Compensation Policy.

How many BOX shares does Stephen Murphy now beneficially own?

Following the grant, Murphy’s total beneficial ownership is 22,068 Class A shares, including unvested RSUs.

When will the 6,158 RSUs awarded to Stephen Murphy vest?

The RSUs will vest 100% on the earlier of June 27 2026 or the next BOX annual shareholder meeting.

Were any BOX shares sold in this Form 4 filing?

No. The filing reports an acquisition only; there were no sales of BOX stock.

Did the Form 4 include any derivative securities transactions?

No derivative securities were reported; the filing covers only non-derivative RSUs.