BOX (NYSE: BOX) COO Olivia Nottebohm records RSU tax withholding, keeps large stake

Rhea-AI Filing Summary

BOX Inc Chief Operating Officer Olivia Nottebohm reported a routine tax-related share disposition. On the vesting of restricted stock units, 13,267 shares of Class A common stock were withheld by Box at a price of $23.86 per share to cover income tax obligations, which the company notes does not represent a market sale by her. After this withholding, she directly holds 524,784 shares, and some of these are still represented by restricted stock units that convert into one share each as they vest with continued service.

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^*

Nottebohm Olivia

(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)
	Chief Operating Officer

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		13,267(1)	D	$23.86	524,784(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 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. 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 COO Olivia Nottebohm report on this Form 4?

Olivia Nottebohm reported a tax-withholding disposition tied to restricted stock units. Box withheld 13,267 Class A shares to satisfy income tax and remittance obligations upon RSU net settlement, rather than Nottebohm selling shares in the open market.

Did BOX COO Olivia Nottebohm actually sell shares in the market in this filing?

No, the filing specifies there was no market sale by Olivia Nottebohm. The 13,267 shares of Class A common stock were withheld by Box to cover income tax and withholding obligations from RSU vesting, a standard non-discretionary compensation-related event.

How many BOX shares were withheld for taxes from Olivia Nottebohm’s RSUs?

The Form 4 shows 13,267 Class A common shares were withheld. These shares satisfied Box’s income tax, withholding, and remittance obligations related to the net settlement of restricted stock units, according to the detailed explanatory footnote included with the filing.

How many BOX shares does Olivia Nottebohm hold after the reported transaction?

Following the tax-withholding disposition, Olivia Nottebohm directly holds 524,784 shares of Box Class A common stock. The filing notes that certain of these holdings are represented by restricted stock units, which each convert into one share as they vest over time with continued service.

What do the RSUs mentioned in Olivia Nottebohm’s BOX filing represent?

The RSUs represent her right to receive one Box common share per unit. Each restricted stock unit converts into one share of Class A common stock, subject to the specific vesting schedule and her continuous service with the company through each applicable vesting date.

Is this BOX Form 4 transaction a strong bullish or bearish signal for investors?

This transaction is generally viewed as neutral. It reflects automatic share withholding for taxes on RSU vesting, not a discretionary purchase or sale. Such compensation-related events typically have limited signaling value about management’s view of Box’s future performance.