Box Executive Holds Strong Position Despite Required Share Withholding

Rhea-AI Filing Summary

Box Chief Operating Officer Olivia Nottebohm reported a Form 4 filing on June 28, 2025, disclosing a transaction dated June 20, 2025. The filing details the following key transaction:

The COO had 18,583 shares of Class A Common Stock withheld by Box at $35.02 per share for tax purposes. This withholding was related to the settlement of restricted stock units (RSUs) and does not represent a direct sale by Nottebohm. Following the transaction, she beneficially owns 536,099 shares directly.

• Transaction Code: F (Tax withholding)
• Nature: Automatic tax withholding from RSU vesting
• Ownership: Direct

The transaction represents standard tax withholding procedures for executive RSU settlements rather than open market trading activity.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nottebohm Olivia

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	18,583	$35.02	$651K

Holdings After Transaction: Class A Common Stock — 536,099 shares (Direct)

Footnotes (1)

1. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") and does not represent a sale by the Reporting Person. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Nottebohm Olivia

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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	06/20/2025		F		18,583(1)	D	$35.02	536,099(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 shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") and does not represent a sale by the Reporting Person.

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	06/20/2025
	** 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 shares did BOX's COO Olivia Nottebohm dispose of on June 20, 2025?

BOX's Chief Operating Officer Olivia Nottebohm had 18,583 shares withheld by the company on June 20, 2025, at a price of $35.02 per share. These shares were withheld for tax purposes related to RSU settlement and did not represent a direct sale by the executive.

How many BOX shares does Olivia Nottebohm own after the June 20, 2025 transaction?

Following the reported transaction, Olivia Nottebohm beneficially owns 536,099 shares of BOX Class A Common Stock directly. Some of these shares are represented by Restricted Stock Units (RSUs) that vest over time.

What was the purpose of BOX COO's share disposition in June 2025?

The share disposition was for tax withholding purposes. The shares were withheld by BOX to satisfy income tax obligations and withholding requirements in connection with the net settlement of restricted stock units (RSUs). This was not a market sale by the executive.

What is Olivia Nottebohm's role at BOX as disclosed in the Form 4?

Olivia Nottebohm serves as the Chief Operating Officer (COO) of BOX Inc., as disclosed in the Form 4 filing. She is listed as an Officer of the company, not a Director or 10% Owner.