Box (NYSE: BOX) VP reports 2,155-share tax withholding on RSU vesting

Rhea-AI Filing Summary

BOX INC executive Eli Berkovitch, VP Chief Accounting Officer and Controller, reported a routine tax-related share disposition. On March 20, 2,155 shares of Class A common stock valued at $23.86 per share were withheld by the company to cover income tax obligations from vested restricted stock units. The filing explicitly states this was not an open-market sale by Berkovitch.

After this withholding, Berkovitch directly holds 120,016 shares of Box, which includes 390 shares acquired on March 15 through the employee stock purchase plan, as well as additional unvested RSUs that convert to one share each as they vest.

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

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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^*

Berkovitch Eli

(Last) (First) (Middle)

900 JEFFERSON AVE

(Street)

REDWOOD CITY CALIFORNIA 94063

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/20/2026		F		2,155(1)	D	$23.86	120,016(2)(3)	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. Includes 390 shares acquired on March 15, 2026 by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.

3. 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	03/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BOX (BOX) report for Eli Berkovitch?

BOX reported that Eli Berkovitch had 2,155 shares of Class A common stock withheld to cover income taxes on vested RSUs. This was a tax-withholding disposition by the issuer, not an open-market sale by Berkovitch.

Was Eli Berkovitch’s BOX (BOX) Form 4 transaction a stock sale?

No, the Form 4 states the 2,155 shares were withheld by BOX to satisfy tax and withholding obligations from RSU vesting. The footnote clarifies this does not represent a sale by Eli Berkovitch in the open market.

How many BOX (BOX) shares does Eli Berkovitch hold after this Form 4?

Following the tax-withholding transaction, Eli Berkovitch directly holds 120,016 BOX shares. This total includes 390 shares acquired on March 15 through the company’s employee stock purchase plan, plus additional unvested RSUs that convert as they vest.

What does the tax-withholding code F mean in the BOX (BOX) Form 4?

Transaction code F indicates shares were used to pay taxes or exercise costs. For BOX, 2,155 shares were withheld by the issuer to cover Eli Berkovitch’s income tax obligations from RSU net settlement, rather than being sold in the open market.

How are restricted stock units (RSUs) described in Eli Berkovitch’s BOX (BOX) filing?

The filing explains that certain shares are represented by RSUs, with each RSU giving Eli Berkovitch the right to receive one BOX common share, subject to the vesting schedule and his continuous service through each applicable vesting date.