Dylan C. Smith - Apr 1, 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
Apr 1, 2024
Transactions value $
$2,470,368
Form type
4
Date filed
4/3/2024, 06:34 PM
Previous filing
Mar 22, 2024
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock +Grant/Award $0 +2,002 +0.14% $0.00 1,450,152 Apr 1, 2024 Direct F1, F2
transaction BOX Class A Common Stock -Tax liability -$28,632 -1,011 -0.07% $28.32 1,449,141 Apr 1, 2024 Direct F2, F3
transaction BOX Class A Common Stock +Options Exercise $2,499,000 +140,000 +9.66% $17.85 1,589,141 Apr 1, 2024 Direct F2
transaction BOX Class A Common Stock -Tax liability -62,544 -3.94% 1,526,597 Apr 1, 2024 Direct F2, F4
transaction BOX Class A Common Stock +Grant/Award $0 +80,000 +5.24% $0.00 1,606,597 Apr 3, 2024 Direct F2, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOX Employee Stock Option (right to buy) -Options Exercise $0 -140,000 -100% $0.00 0 Apr 1, 2024 Class A Common Stock 140,000 $17.85 Direct F6

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 shares withheld to pay for a portion of the exercise price incurred in connection with the exercise of stock options that were set to expire in April 2024.
F5 Represents RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.
F6 The shares subject to the option were fully vested and exercisable.