Dylan C. Smith - Mar 20, 2024 Form 4 Insider Report for BOX INC (BOX)

Role
Chief Financial Officer
Signature
/s/ David Leeb, Attorney-in-Fact
Stock symbol
BOX
Transactions as of
Mar 20, 2024
Transactions value $
-$709,397
Form type
4
Date filed
3/22/2024, 08:56 PM
Previous filing
Mar 13, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Tax liability -$349 K -12.1 K -0.87% $28.79 1.38 M Mar 20, 2024 Direct F1, F2, F3
transaction BOX Class A Common Stock Award $0 +76.4 K +5.52% $0.00 1.46 M Mar 22, 2024 Direct F3, F4
transaction BOX Class A Common Stock Tax liability -$360 K -12.7 K -0.87% $28.34 1.45 M Mar 22, 2024 Direct F3, F5

Explanation of Responses:

Id Content
F1 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.
F2 Includes 900 shares acquired on March 15, 2024 by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
F3 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.
F4 This award represents the achievement of performance criteria under performance-based restricted stock units ("PSUs") granted on April 3, 2023. One-third of these PSUs shall vest on March 22, 2024 and the remaining two-thirds shall vest annually thereafter on March 20, 2025 and March 20, 2026, subject to the Reporting Person's continuous service through each vesting date.
F5 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 PSUs and does not represent a sale by the Reporting Person.