Aaron Levie - 10 Mar 2022 Form 4 Insider Report for BOX INC (BOX)

Role
Chief Executive Officer, Director
Signature
/s/ David Leeb, Attorney-in-Fact
Issuer symbol
BOX
Transactions as of
10 Mar 2022
Net transactions value
+$5,813,200
Form type
4
Filing time
11 Mar 2022, 20:17:25 UTC
Previous filing
17 Mar 2022
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Options Exercise $893,200 +770,000 +34% $1.16* 3,011,275 10 Mar 2022 Direct
transaction BOX Class A Common Stock Options Exercise $4,920,000 +1,230,000 +41% $4.00 4,241,275 10 Mar 2022 Direct
transaction BOX Class A Common Stock Tax liability -50,101 -1.2% 4,191,174 10 Mar 2022 Direct F1
transaction BOX Class A Common Stock Tax liability -867,953 -21% 3,323,221 10 Mar 2022 Direct F2

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 -770,000 -100% $0.000000* 0 10 Mar 2022 Class A Common Stock 770,000 $1.16 Direct F3
transaction BOX Employee Stock Option (right to buy) Options Exercise $0 -410,000 -100% $0.000000* 0 10 Mar 2022 Class A Common Stock 410,000 $4.00 Direct F3
transaction BOX Employee Stock Option (right to buy) Options Exercise $0 -410,000 -100% $0.000000* 0 10 Mar 2022 Class A Common Stock 410,000 $4.00 Direct F3
transaction BOX Employee Stock Option (right to buy) Options Exercise $0 -410,000 -100% $0.000000* 0 10 Mar 2022 Class A Common Stock 410,000 $4.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned by the Reporting Person that were delivered to the Company in payment of the aggregate exercise price with respect to 508,082 stock options that were set to expire in April 2022. The net result was an increase of 457,981 shares held.
F2 Shares withheld for the payment of exercise price and tax withholding with respect to the exercise of shares otherwise deliverable to the Reporting Person upon the exercise of 1,491,918 stock options that were set to expire in April 2022. The net result was an increase of 623,965 shares held.
F3 The shares subject to the option were fully vested and exercisable.