Box VP Eli Berkovitch sells 2,700 shares
BOX Inc. vice president and chief accounting officer Eli Berkovitch reported a small share sale and tax-related share withholding.
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Rhea-AI Filing Summary
BOX Inc. vice president and chief accounting officer Eli Berkovitch reported a small share sale and tax-related share withholding. On June 17, he sold 2,700 shares of Class A common stock in an open-market transaction at a weighted average price of $25.324 per share, with individual sale prices ranging from $25.321 to $25.33.
On June 20, an additional 1,925 shares were disposed of to cover income tax obligations from the net settlement of restricted stock units, which the filing notes does not represent a sale by him. Following these transactions, Berkovitch directly holds 111,054 shares of BOX Class A common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 1,925 | $24.84 | $48K |
| Sale | Class A Common Stock | 2,700 | $25.324 | $68K |
Footnotes (3)
- F1. This sale price represents the weighted average sale price of the shares sold ranging from $25.321 to $25.33 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.
- F2. 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.
- F3. 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 RSUs and does not represent a sale by the Reporting Person.
Key Figures
Key Terms
weighted average sale price financial
restricted stock units ("RSUs") financial
net settlement of RSUs financial
withheld by the Issuer to satisfy its income tax and withholding financial
FAQ
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What insider transactions did BOX VP Eli Berkovitch report on this Form 4?
What are the restricted stock units (RSUs) mentioned in Eli Berkovitch’s BOX filing?
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