Dylan C. Smith - Apr 1, 2022 Form 4 Insider Report for BOX INC (BOX)

Signature
/s/ David Leeb, Attorney-in-Fact
Stock symbol
BOX
Transactions as of
Apr 1, 2022
Transactions value $
-$115,426
Form type
4
Date filed
4/5/2022, 04:17 PM
Previous filing
Mar 22, 2022
Next filing
Apr 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Award $0 +8.01K +0.57% $0.00 1.41M Apr 1, 2022 Direct F1, F2
transaction BOX Class A Common Stock Tax liability -$115K -3.97K -0.28% $29.06 1.41M Apr 1, 2022 Direct F2, F3
transaction BOX Class A Common Stock Award $0 +82.5K +5.85% $0.00 1.49M Apr 4, 2022 Direct F2, F4
holding BOX Class A Common Stock 85K Apr 1, 2022 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's FY22 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 RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.
F5 The shares are held of record by the DCS GRAT of 2014, for which the Reporting Person serves as trustee.