Dylan C. Smith - Jan 30, 2023 Form 4 Insider Report for BOX INC (BOX)

Role: Chief Financial Officer
Signature: /s/ David Leeb, Attorney-in-Fact
Stock symbol: BOX
Transactions as of: Jan 30, 2023
Transactions value $: $648,200
Form type: 4
Date filed: 2/1/2023, 04:47 PM
Previous filing: Jan 12, 2023
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOX	Class A Common Stock	Options Exercise	$648K	+140K	+10.86%	$4.63	1.43M	Jan 30, 2023	Direct	F1, F2
holding	BOX	Class A Common Stock						85K	Jan 30, 2023	See footnote	F3

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	-140K	-100%	$0.00^*	0	Jan 30, 2023	Class A Common Stock	140K	$4.63	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Reporting Person exercised Employee Stock Options set to expire on 02/07/2023 and held the shares following the exercise.
F2	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.
F3	The shares are held of record by the DCS GRAT of 2014, for which the Reporting Person serves as trustee.
F4	All of this option grant's shares became fully exercisable as of 02/01/2017.