Eli Berkovitch - 31 Mar 2023 Form 4 Insider Report for BOX INC (BOX)

Signature
/s/ David Leeb, Attorney-in-Fact
Issuer symbol
BOX
Transactions as of
31 Mar 2023
Net transactions value
-$36,230
Form type
4
Filing time
04 Apr 2023, 19:03:16 UTC
Previous filing
22 Mar 2023
Next filing
22 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Award $0 +4,030 +3% $0.000000 137,553 31 Mar 2023 Direct F1, F2
transaction BOX Class A Common Stock Tax liability $36,230 -1,394 -1% $25.99 136,159 31 Mar 2023 Direct F2, F3
transaction BOX Class A Common Stock Award $0 +544 +0.4% $0.000000 136,703 03 Apr 2023 Direct F2, F4
transaction BOX Class A Common Stock Award $0 +25,000 +18% $0.000000 161,703 03 Apr 2023 Direct F2, 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 Fiscal Year 2023 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 one year, subject to the Reporting Person's continuous service through each vesting date.
F5 Represents RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.