Nottebohm Olivia 4

What Happened

• Olivia Nottebohm, Chief Operating Officer of Box, had 24,826 shares withheld by the company on 2026-04-02 to satisfy tax withholding obligations related to a net settlement of performance‑ and time‑based equity. The shares were valued at $23.67 each, totaling approximately $587,631.
• This transaction is a tax withholding/net settlement (Form 4 code F) and, per the filing, does not represent an open‑market sale by the reporting person.

Key Details

• Transaction date and price: 2026-04-02, 24,826 shares @ $23.67 (total ~$587,631).
• Filing date: 2026-04-06 — filed within the typical two business‑day window for Form 4 filings.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnotes:
  • F1: Shares were withheld by the issuer to satisfy income tax and withholding obligations in connection with net settlement of performance‑based stock units and do not represent a sale by the reporting person.
  • F2: Some shares relate to time‑based and performance‑based RSUs, each representing a right to receive one share subject to vesting and continued service.

Context

• This was a tax withholding / net settlement of equity awards (not a market sale). Such withholdings are routine when restricted stock units or performance awards vest and generally do not signal insider intent to sell additional shares.