[Form 4] BOX, INC. Insider Trading Activity

Rhea-AI Filing Summary

Olivia Nottebohm, Chief Operating Officer of BOX Inc., reported a sale of Class A common stock executed under a Rule 10b5-1 trading plan.

The Form 4 shows a transaction on 08/08/2025 in which 2,013 shares were sold at $32 per share. Following the reported transaction, the reporting person beneficially owned 530,060 shares. The filing notes that some of the shares are represented by restricted stock units (RSUs), each converting to one share of common stock subject to vesting and continued service, and that the trading plan was adopted on September 24, 2024.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating the trade was pre-authorized
• Reporting person retains 530,060 shares, including RSUs that maintain continued economic alignment with BOX

Negative

• None.

Insights

Securities Analyst

TL;DR: Small preplanned sale by BOX COO; retains substantial holding including RSUs.

The reported trade is a 2,013-share sale at $32 per share executed under a Rule 10b5-1 plan, which indicates the transaction was pre-authorized and reduces concerns about opportunistic timing. Post-transaction beneficial ownership is 530,060 shares, which includes restricted stock units that convert to shares as they vest. From a market-impact perspective, the size of the sale is modest relative to the retained stake and is unlikely to be material to BOX's capitalization.

Corporate Governance Expert

TL;DR: Pre-established plan governs the sale; continued ownership via RSUs shows alignment with company.

The filing explicitly states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on September 24, 2024, which provides an affirmative defense under insider trading rules. The disclosure that some holdings are RSUs clarifies that a portion of the reporting person's economic interest remains subject to vesting and service conditions, demonstrating ongoing alignment with company performance. The transaction documentation appears consistent with standard governance practices.

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).

X

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^*

Nottebohm Olivia

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		S(1)		2,013	D	$32	530,060(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. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 24, 2024.

2. 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	08/11/2025
	** 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 transaction did Olivia Nottebohm report on the BOX Form 4?

The Form 4 reports a sale of 2,013 Class A shares of BOX common stock.

When and at what price were the BOX shares sold by the COO?

The reported transaction date is 08/08/2025 and the sale price is listed as $32 per share.

Was the sale executed under a trading plan for BOX insider transactions?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 24, 2024.

How many BOX shares does the reporting person beneficially own after the sale?

After the reported transaction the reporting person beneficially owned 530,060 shares, some of which are RSUs.

What do the restricted stock units (RSUs) noted in the filing mean for BOX holdings?

The filing explains each RSU represents the right to receive one share of common stock subject to vesting and continued service through each vesting date.