Box (NYSE: BOX) COO sells 5,942 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX INC Chief Operating Officer Olivia Nottebohm sold 5,942 shares of Class A Common Stock in an open-market transaction at $25.00 per share. The sale was executed on May 1, 2026 pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on July 9, 2025. Following this transaction, she directly holds 571,209 shares, so the sale represents a small portion of her overall direct stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,942 shares ($148,550)
Net Sell
1 txn
Insider
Nottebohm Olivia
Role
Chief Operating Officer
Sold
5,942 shs ($149K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,942 | $25.00 | $149K |
Holdings After Transaction:
Class A Common Stock — 571,209 shares (Direct, null)
Footnotes (1)
- The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 9, 2025. 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.
Key Figures
Shares sold: 5,942 shares
Sale price: $25.00 per share
Shares held after transaction: 571,209 shares
3 metrics
Shares sold
5,942 shares
Open-market sale of Class A Common Stock on May 1, 2026
Sale price
$25.00 per share
Reported transaction price for the 5,942 sold shares
Shares held after transaction
571,209 shares
Directly held by Olivia Nottebohm following the sale
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), performance-based restricted stock units
3 terms
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.
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 restricted stock units financial
"Certain of these shares are represented by time-based and performance-based restricted stock units ("RSUs")"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
FAQ
What did BOX (BOX) COO Olivia Nottebohm do in this Form 4 filing?
Olivia Nottebohm reported selling 5,942 BOX Class A shares at $25.00 each. The transaction was an open-market sale and left her with 571,209 directly held shares afterward, according to the Form 4 disclosure.
Does the BOX (BOX) Form 4 mention restricted stock units (RSUs)?
Yes. A footnote states certain shares are represented by time- and performance-based RSUs. Each RSU represents the right to receive one share of BOX Common Stock, subject to vesting conditions and continued service.