BOX Form 4: Officer Eli Berkovitch sells 3,500 shares

Rhea-AI Filing Summary

Insider sale by Box Inc. officer: The filing shows that Eli Berkovitch, listed as Vice President, Chief Accounting Officer & Controller and a director-level reporting person, sold 3,500 shares of Class A common stock on 10/07/2025 at a reported price of $32.765 per share. After the sale, the reporting person beneficially owned 128,847 shares, some of which are represented by restricted stock units that vest over time and convert to one share each upon vesting. The Form 4 was signed by an attorney-in-fact on 10/08/2025.

Positive

• Continued substantial ownership of 128,847 shares after the sale
• Remaining holdings include RSUs, aligning officer compensation with company performance

Negative

• Disposal of 3,500 shares reduces the officer's immediate stake
• Sale executed at $32.765 per share, realizing cash and potentially increasing share float

Insights

Corporate Governance Analyst

Routine insider sale by a senior finance officer; not necessarily directional for valuation.

The transaction is a disclosed open-market sale of 3,500 Class A shares at $32.765 on 10/07/2025

Because the filing notes remaining beneficial ownership of 128,847 shares including RSUs, this sale appears to be a partial disposition rather than full exit. Watch ongoing filings for any pattern of continued sales over the next few reporting periods.

Compensation & Accounting Specialist

Sale reduces immediate equity stake but RSUs indicate continued compensation alignment.

The report explicitly states some holdings are restricted stock units, each converting to one share on vesting, which ties a portion of the officer's future value to continued service.

Investors may note RSU vesting schedules in future disclosures to gauge retention incentives and potential future share dilution; no vesting dates are provided in this Form 4.

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
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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 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)
	VP Chief Acct Ofr & Controller

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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	10/07/2025		S		3,500	D	$32.765	128,847(1)	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. 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.

	/s/ David Leeb, Attorney-in-Fact	10/08/2025
	** 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 did BOX insider Eli Berkovitch sell on 10/07/2025?

The filing shows a sale of 3,500 shares of Class A common stock at $32.765 per share on 10/07/2025.

How many BOX shares does Eli Berkovitch beneficially own after the transaction?

The Form 4 reports 128,847 shares beneficially owned following the reported transaction.

Are any of the reported BOX holdings subject to vesting or restrictions?

Yes. The filing states certain shares are represented by restricted stock units (RSUs), each converting to one share subject to vesting and continued service.

When was the Form 4 for this transaction signed?

The Form 4 was signed by an attorney-in-fact on 10/08/2025.

What is Eli Berkovitch's role at BOX as listed on the Form 4?

The reporting person is listed as Vice President, Chief Accounting Officer & Controller and indicated as an officer-level reporting person.