Dana L. Evan - 12 Nov 2024 Form 4 Insider Report for BOX INC (BOX)

Role
Director
Signature
/s/ David Leeb, Attorney-in-Fact
Issuer symbol
BOX
Transactions as of
12 Nov 2024
Net transactions value
-$228,410
Form type
4
Filing time
14 Nov 2024, 19:12:39 UTC
Previous filing
30 Aug 2024
Next filing
30 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Sale $124,180 -3,548 -3.2% $35.00 109,051 12 Nov 2024 Direct F1, F2, F3
transaction BOX Class A Common Stock Sale $104,230 -2,978 -2.7% $35.00 106,073 13 Nov 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 10, 2024.
F2 These shares were subject to the terms of that certain Lock-Up Agreement dated September 17, 2024.
F3 Certain of these shares are represented by 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.