Dylan C. Smith - 01 Apr 2024 Form 4 Insider Report for BOX INC (BOX)

Reporting relationship: Chief Financial Officer
Issuer ticker: BOX
Reported as of: 01 Apr 2024
Net transaction value: +$2,470,368
SEC form: 4
Accepted by SEC: 03 Apr 2024, 18:34:28 UTC
Prior SEC filing: 22 Mar 2024
Next SEC filing: 08 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ David Leeb, Attorney-in-Fact

Key filing fact

Dylan C. Smith filed Form 4 for BOX INC (BOX) on 03 Apr 2024.

Key facts

This page summarizes Dylan C. Smith's Form 4 filing for BOX INC (BOX).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Apr 2024, 18:34.

Change

Previous filing in this sequence was filed on 22 Mar 2024.
Current net transaction value: +$2,470,368.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BOX transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +2,002
Change %: +0.14%
Price: $0.000000
Shares after: 1,450,152
Date: 01 Apr 2024
Ownership: Direct
Footnotes: F1, F2

BOX transaction

Class A Common Stock

Tax liability

Transaction value: $28,632
Shares: -1,011
Change %: -0.07%
Price: $28.32
Shares after: 1,449,141
Date: 01 Apr 2024
Ownership: Direct
Footnotes: F2, F3

BOX transaction

Class A Common Stock

Options Exercise

Transaction value: $2,499,000
Shares: +140,000
Change %: +9.7%
Price: $17.85
Shares after: 1,589,141
Date: 01 Apr 2024
Ownership: Direct
Footnotes: F2

BOX transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -62,544
Change %: -3.9%
Price
Shares after: 1,526,597
Date: 01 Apr 2024
Ownership: Direct
Footnotes: F2, F4

BOX transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +80,000
Change %: +5.2%
Price: $0.000000
Shares after: 1,606,597
Date: 03 Apr 2024
Ownership: Direct
Footnotes: F2, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BOX transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -140,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 140,000
Exercise price: $17.85
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

Represents RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.

Footnote F6

The shares subject to the option were fully vested and exercisable.