VP CAO Eli Berkovitch Reports Minor BOX Share Sale – Form 4

Rhea-AI Filing Summary

On 07/10/2025, Box Inc. (BOX) Vice President, Chief Accounting Officer & Controller Eli Berkovitch filed a Form 4 reporting the sale of 3,000 Class A common shares at $33.342 per share. After the sale, Berkovitch directly owns 133,867 shares. No derivative security transactions were disclosed. The remaining equity position includes restricted stock units that will vest subject to continued service. The transaction represents roughly 2.2 % of Berkovitch’s reported holdings and appears routine in size, leaving his overall stake in the company largely intact.

Insights

Securities Analyst

TL;DR: Small insider sale (3,000 shares) at $33.34; ownership still 133,867 shares—no material impact expected.

The disclosed sale equals about 2.2 % of Mr. Berkovitch’s reported stake, suggesting portfolio management rather than a signal of deteriorating fundamentals. The absence of derivative transactions and continued sizable holding mitigate concerns. Trading volume of this magnitude is unlikely to influence BOX’s float or headline sentiment, making the filing neutral from a valuation perspective.

Corporate Governance Expert

TL;DR: Compliance-focused Form 4 shows timely reporting; routine sale, governance posture unchanged.

The Form 4 was filed within the two-business-day window, reflecting solid internal controls over insider reporting. Since Mr. Berkovitch retains over 130 k shares and the sale was executed under standard conditions (no 10b5-1 plan indicated), governance risk remains low. Investors should monitor cumulative insider activity, but this single, modest transaction is not impactful on oversight or control dynamics.

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)
07/10/2025

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	07/10/2025		S		3,000	D	$33.342	133,867(1)	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. Certain of these shares are represented by 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-Fact	07/14/2025
	** 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 did insider Eli Berkovitch sell?

He sold 3,000 Class A common shares.

At what price were the BOX shares sold?

The reported sale price was $33.342 per share.

What percentage of Berkovitch’s holdings does the sale represent?

Approximately 2.2 % of his reported 136,867 pre-sale shares.

How many BOX shares does Berkovitch own after the transaction?

He directly owns 133,867 shares following the sale.

Were any derivative securities involved in this Form 4 filing?

No. No derivative transactions were reported.

When was the transaction executed and when was the Form 4 filed?

The shares were sold on 07/10/2025 and the Form 4 was signed on 07/14/2025.