[Form 4] BOX, INC. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Overview – BOX, Inc. (BOX)

Director Sue Barsamian reported one insider transaction dated June 27 2025. The filing, submitted on June 30 2025, shows an award of 6,158 Class A common shares in the form of restricted stock units (RSUs) granted under the company’s Outside Director Compensation Policy. The award carries an effective purchase price of $0.00, reflecting that no cash was exchanged.

Vesting terms: 100 % of the RSUs will vest on the earlier of (i) 12 months from the grant date (June 27 2026) or (ii) the date of the next annual meeting of shareholders. Upon vesting, each RSU converts into one share of Class A common stock.

Post-transaction ownership: Following the grant, Barsamian’s total reported beneficial ownership increased to 60,945 Class A shares. Some of these shares are unvested RSUs that remain subject to service-based vesting conditions.

Key takeaways for investors:

• The filing reflects a routine, compensation-related equity grant rather than an open-market purchase or sale.
• The ownership increment is immaterial relative to BOX’s total shares outstanding and is unlikely to influence dilution metrics.
• Nevertheless, the award modestly aligns the director’s economic interests with shareholders by increasing her equity stake.

Insights

Financial Analyst

TL;DR: Routine RSU grant to director; negligible dilution; minimal market impact.

The 6,158-share RSU award is a standard annual equity grant under BOX’s director plan. At an estimated market value in the low-six-figure range, the transaction does not materially alter insider ownership concentration nor signals management sentiment, because no discretionary purchase or sale occurred. With post-grant holdings of 60,945 shares, the director’s stake remains far below any control threshold. The single-trigger vesting—earlier of 12 months or next AGM—follows typical governance norms and poses no unusual acceleration risks. Overall, the filing is administratively important for compliance but financially not impactful for valuation or liquidity analysis.

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^*

Barsamian Sue

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

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	06/27/2025		A		6,158(1)	A	$0.0	60,945(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 an annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs will vest on the earlier of (i) twelve months from date of grant (i.e. June 27, 2026) or (ii) the date of the Issuer's next annual meeting of stockholders.

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	06/30/2025
	** 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

What insider transaction did BOX (BOX) report on June 30, 2025?

Director Sue Barsamian received 6,158 RSUs (Class A shares) granted on June 27 2025 under the Outside Director Compensation Policy.

How many BOX shares does Sue Barsamian own after this grant?

The Form 4 lists 60,945 Class A shares beneficially owned after the reported transaction.

When will the newly granted RSUs to the BOX director vest?

100 % will vest on the earlier of June 27 2026 or the date of BOX’s next annual shareholder meeting.

Did the BOX director buy or sell any shares on the open market?

No. The filing shows an Acquisition (Code "A") via a zero-cost RSU grant, not an open-market trade.

Does this Form 4 signal any major dilution for BOX shareholders?

The 6,158-share award is immaterial relative to BOX’s total share count, so dilution impact is negligible.

Why is the transaction price listed as $0.00?

RSUs are equity awards; recipients do not pay cash. Shares are issued upon vesting at no cost to the director.