Box (NYSE: BOX) COO sells 6,528 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX Inc Chief Operating Officer Olivia Nottebohm sold 6,528 shares of Class A Common Stock in an open-market transaction. The shares were sold at an average price of $24.07 per share on April 7, 2026, and she now directly holds 487,488 shares.
The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the executive, indicating it was scheduled in advance rather than timed discretionarily. The filing also states that some of her holdings are in the form of time-based and performance-based restricted stock units that convert into common shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,528 shares ($157,129)
Net Sell
1 txn
Insider
Nottebohm Olivia
Role
Chief Operating Officer
Sold
6,528 shs ($157K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,528 | $24.07 | $157K |
Holdings After Transaction:
Class A Common Stock — 487,488 shares (Direct)
Footnotes (1)
- The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 9, 2025. Certain of these shares are represented by time-based and performance-based 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.
Key Figures
Shares sold: 6,528 shares
Sale price: $24.07 per share
Shares held after transaction: 487,488 shares
+2 more
5 metrics
Shares sold
6,528 shares
Open-market sale on April 7, 2026
Sale price
$24.07 per share
Average price for the 6,528 shares sold
Shares held after transaction
487,488 shares
Direct Class A Common Stock holdings following sale
Net share activity
-6,528 shares
Net sell direction from transaction summary
Trading plan adoption date
July 9, 2025
Adoption date of Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, restricted stock units, time-based, performance-based, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Certain of these shares are represented by time-based and performance-based restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based financial
"Certain of these shares are represented by time-based and performance-based restricted stock units"
performance-based financial
"Certain of these shares are represented by time-based and performance-based restricted stock units"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did BOX (BOX) report for Olivia Nottebohm?
BOX reported that Chief Operating Officer Olivia Nottebohm sold 6,528 shares of Class A Common Stock. The open-market sale occurred on April 7, 2026 at an average price of $24.07 per share, as disclosed in a Form 4 filing.
Was the BOX (BOX) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Olivia Nottebohm on July 9, 2025. Such plans pre-schedule trades, indicating the timing was arranged in advance rather than decided opportunistically.
Does Olivia Nottebohm’s BOX (BOX) Form 4 involve any derivatives or options?
No derivative securities are reported in this Form 4, and the derivative summary is empty. However, the filing notes that certain shares are represented by time-based and performance-based restricted stock units, which convert into common stock as vesting requirements are satisfied.
What type of restricted stock units does the BOX (BOX) COO hold?
The filing explains that certain BOX holdings of COO Olivia Nottebohm are time-based and performance-based restricted stock units, or RSUs. Each RSU represents a right to receive one BOX common share, contingent on vesting schedules and continued service with the company.