BOX COO Olivia Nottebohm Withholds 13,267 Shares for Taxes

What Happened
Olivia Nottebohm, Chief Operating Officer of Box, had 13,267 shares withheld by the company on 2026-03-20 to satisfy income tax and withholding obligations tied to the net settlement of restricted stock units (RSUs). The withheld shares were valued at $23.86 each, totaling approximately $316,551. This transaction is a tax-withholding/settlement action and is not a market sale by the insider.

Key Details

• Transaction date: 2026-03-20; Share price used: $23.86; Total value withheld: ~$316,551.
• Transaction code: F (shares withheld to satisfy tax withholding on RSUs).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 confirms shares were withheld by the issuer to satisfy tax obligations and do not represent a sale by the reporting person. F2 notes some shares were issued under RSUs (each RSU equals one share subject to vesting).
• Filing timeliness: Form filed 2026-03-23 — within the normal Form 4 reporting window (timely).

Context
This was a routine net settlement/tax-withholding of vested RSUs (company retained shares to cover taxes). Such transactions are administrative and do not necessarily indicate insider buying or selling intent in the open market.