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BOX INC — Director's Dealing 2024
Apr 4, 2024
31068_dirs_2024-04-03_ebd8d081-10f9-4d31-8354-5e83b321db89.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BOX INC (BOX)
CIK: 0001372612
Period of Report: 2024-04-01
Reporting Person: Smith Dylan C (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-01 | Class A Common Stock | A | 2002 | — | Acquired | 1450152 | Direct |
| 2024-04-01 | Class A Common Stock | F | 1011 | $28.32 | Disposed | 1449141 | Direct |
| 2024-04-01 | Class A Common Stock | M | 140000 | $17.85 | Acquired | 1589141 | Direct |
| 2024-04-01 | Class A Common Stock | F | 62544 | — | Disposed | 1526597 | Direct |
| 2024-04-03 | Class A Common Stock | A | 80000 | — | Acquired | 1606597 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-01 | Employee Stock Option (right to buy) | $17.85 | M | 140000 | Disposed | 2024-04-02 | Class A Common Stock (140000) | Direct |
Footnotes
F1: Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2024 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 shares withheld to pay for a portion of the exercise price incurred in connection with the exercise of stock options that were set to expire in April 2024.
F5: Represents RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.
F6: The shares subject to the option were fully vested and exercisable.