Aaron Levie - Dec 18, 2024 Form 4 Insider Report for BOX INC (BOX)

Role: Chief Executive Officer, Director
Signature: /s/ David Leeb, Attorney-in-Fact
Stock symbol: BOX
Transactions as of: Dec 18, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/20/2024, 05:04 PM
Previous filing: Dec 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOX	Class A Common Stock	Gift	$0	-9.38K	-0.31%	$0.00	2.99M	Dec 20, 2024	Direct	F1

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	Performance-based Restricted Stock Unit	Award	$0	+600K		$0.00	600K	Dec 18, 2024	Class A Common Stock	600K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction represents a bona fide charitable contribution to a donor advised fund. No shares were sold by the Reporting Person.
F2	The performance-based restricted stock units ("PSUs") are eligible to vest based on the Company's stock price achievement over a performance period that ends on the fourth anniversary of the grant date. The total number of PSUs is divided into three equal tranches with each tranche subject to both a stock price achievement price hurdle and a minimum vesting requirement. Achievement of a stock price hurdle is based on the average closing price of the Company's Class A Common Stock over a 45 trading-day period. Once both the stock price hurdle for a tranche and the minimum vesting requirement for such tranche are achieved, the number of PSUs in that tranche will vest and the vested PSUs will be settled through the issuance of shares of Class A Common Stock on the Company's next regular quarterly vesting date (March 20, June 20, September 20, and December 20), subject to the Reporting Person's continued service through each vesting date.

Content

This transaction represents a bona fide charitable contribution to a donor advised fund. No shares were sold by the Reporting Person.

The performance-based restricted stock units ("PSUs") are eligible to vest based on the Company's stock price achievement over a performance period that ends on the fourth anniversary of the grant date. The total number of PSUs is divided into three equal tranches with each tranche subject to both a stock price achievement price hurdle and a minimum vesting requirement. Achievement of a stock price hurdle is based on the average closing price of the Company's Class A Common Stock over a 45 trading-day period. Once both the stock price hurdle for a tranche and the minimum vesting requirement for such tranche are achieved, the number of PSUs in that tranche will vest and the vested PSUs will be settled through the issuance of shares of Class A Common Stock on the Company's next regular quarterly vesting date (March 20, June 20, September 20, and December 20), subject to the Reporting Person's continued service through each vesting date.