Box (BOX) CFO Dylan Smith sells 17,000 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX INC Chief Financial Officer Dylan C. Smith reported an open-market sale of 17,000 shares of Class A Common Stock at a weighted average price of $25.998 per share. After this transaction, he directly holds 1,364,049 shares, including shares represented by time-based and performance-based restricted stock units.
The sale was carried out under a Rule 10b5-1 trading plan adopted on May 29, 2025, indicating it was pre-scheduled rather than a discretionary trade. The transaction therefore represents a relatively small portion of Smith’s overall equity position in Box.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 17,000 shares ($441,966)
Net Sell
1 txn
Insider
Smith Dylan C
Role
Chief Financial Officer
Sold
17,000 shs ($442K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 17,000 | $25.998 | $442K |
Holdings After Transaction:
Class A Common Stock — 1,364,049 shares (Direct, null)
Footnotes (1)
- The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2025. This sale price represents the weighted average sale price of the shares sold ranging from $25.885 to $26.205 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. 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: 17,000 shares
Average sale price: $25.998 per share
Sale price range: $25.885–$26.205 per share
+3 more
6 metrics
Shares sold
17,000 shares
Open-market sale on June 10, 2026
Average sale price
$25.998 per share
Weighted average for reported transactions
Sale price range
$25.885–$26.205 per share
Range of individual trade prices
Shares held after sale
1,364,049 shares
Direct holdings following the transaction
Net share change
-17,000 shares
Net-sell direction per transaction summary
Trading plan adoption date
May 29, 2025
Rule 10b5-1 plan for reported sales
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units ("RSUs"), time-based and performance-based vesting
4 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 on May 29, 2025."
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.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold ranging from $25.885 to $26.205 per share."
restricted stock units ("RSUs") financial
"Certain of these shares are represented by time-based and performance-based restricted stock units ("RSUs")."
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.
time-based and performance-based vesting financial
"Each RSU represents the Reporting Person's right to receive one share ... subject to the applicable vesting schedule and the Reporting Person's continuous service."
FAQ
What insider transaction did BOX (BOX) disclose for Dylan C. Smith?
BOX disclosed that Chief Financial Officer Dylan C. Smith sold 17,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $25.998 per share. This Form 4 filing details the sale and Smith’s remaining stake after the transaction.
What are the RSUs mentioned in the BOX (BOX) CFO’s holdings?
Some of the CFO’s reported holdings consist of restricted stock units, or RSUs, which each represent the right to receive one share of Box common stock. These RSUs are subject to time-based and performance-based vesting conditions and require continued service until the vesting dates.