Eli Berkovitch - 01 Apr 2024 Form 4 Insider Report for BOX INC (BOX)

Signature
/s/ David Leeb, Attorney-in-Fact
Issuer symbol
BOX
Transactions as of
01 Apr 2024
Net transactions value
-$20,900
Form type
4
Filing time
03 Apr 2024, 18:25:58 UTC
Previous filing
22 Mar 2024
Next filing
18 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Award $0 +2,078 +1.5% $0.000000 136,410 01 Apr 2024 Direct F1, F2
transaction BOX Class A Common Stock Tax liability $20,900 -738 -0.54% $28.32 135,672 01 Apr 2024 Direct F2, F3
transaction BOX Class A Common Stock Award $0 +20,000 +15% $0.000000 155,672 03 Apr 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2024 Executive Bonus Plan. These RSUs were deemed 100% vested immediately following their grant.
F2 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.
F3 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 RSUs and does not represent a sale by the Reporting Person.
F4 Represents RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.