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Box Inc (NYSE: BOX) VP granted 6,115 RSUs, withholds shares for tax

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Box Inc executive Eli Berkovitch, VP Chief Accounting Officer and Controller, reported a grant of 6,115 Restricted Stock Units as a bonus earned under the Fiscal Year 2026 Executive Bonus Plan, which were deemed 100% vested immediately after grant. On the same date, 2,152 shares of Class A Common Stock were withheld by Box to satisfy income tax and withholding obligations from the net settlement of RSUs, a disposition characterized as tax withholding rather than a sale. Following these transactions, Berkovitch directly holds 121,979 shares of Box Class A Common Stock.

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Insider Berkovitch Eli
Role VP Chief Acct Ofr & Controller
Type Security Shares Price Value
Grant/Award Class A Common Stock 6,115 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 2,152 $24.33 $52K
Holdings After Transaction: Class A Common Stock — 121,979 shares (Direct)
Footnotes (3)
  1. F1. Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2026 Executive Bonus Plan. These RSUs were deemed 100% vested immediately following their grant.
  2. F2. 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.
  3. 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.
RSU bonus grant 6,115 shares Restricted Stock Units granted as a Fiscal Year 2026 Executive Bonus, 100% vested immediately
Shares withheld for taxes 2,152 shares Shares withheld by issuer to satisfy income tax obligations on RSU net settlement
Tax withholding price $24.33 per share Per-share value used for tax-withholding disposition of 2,152 shares
Post-transaction holdings 121,979 shares Direct Class A Common Stock holdings after reported transactions
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") that were granted as a bonus"
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.
net settlement financial
"in connection with the net settlement of RSUs"
Fiscal Year 2026 Executive Bonus Plan financial
"granted as a bonus payment earned under the Company's Fiscal Year 2026 Executive Bonus Plan"

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FAQ

What RSU bonus did BOX's Eli Berkovitch receive?

Eli Berkovitch received a grant of 6,115 Restricted Stock Units as a bonus under Box’s Fiscal Year 2026 Executive Bonus Plan. The filing states these RSUs were deemed 100% vested immediately following their grant, with each RSU representing one share of common stock.

How many BOX shares were withheld for taxes in this Form 4?

The filing reports that 2,152 shares of Class A Common Stock were withheld by Box to satisfy income tax and withholding obligations from RSU net settlement, at a value of $24.33 per share. The footnotes clarify this is tax withholding and not a sale by Berkovitch.

What is Eli Berkovitch's BOX shareholding after these transactions?

After the reported RSU grant and tax withholding, Eli Berkovitch directly holds 121,979 shares of Box Class A Common Stock. This post-transaction balance is provided as the canonical holding for his direct ownership position in the filing data.

Was this BOX insider transaction under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not selected, and there is no footnote referencing a Rule 10b5-1 or other pre-arranged trading plan. The reported RSU grant and tax-withholding disposition therefore are not identified as plan-based transactions in this disclosure.

What position does Eli Berkovitch hold at BOX?

Eli Berkovitch is identified as an officer of Box Inc with the title VP Chief Accounting Officer & Controller. This Form 4 reports his equity compensation activity and related tax-withholding disposition in Box Class A Common Stock in that executive capacity.
SEC Form 4
FORM 4UNITED 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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP Chief Acct Ofr & Controller
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock04/22/2026A6,115(1)A$0.00124,131(2)D
Class A Common Stock04/22/2026F2,152(3)D$24.33121,979(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2026 Executive Bonus Plan. These RSUs were deemed 100% vested immediately following their grant.
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.
3. 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.
/s/ David Leeb, Attorney-in-Fact04/23/2026
** Signature of Reporting PersonDate
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)