EVAN DANA L 4
4 · BOX INC · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
BOX Director Evan Dana L Exercises Options, Sells 17,034 Shares
What Happened
Evan Dana L, a director of BOX, exercised options covering 17,034 shares (exercise cost $11.19 per share, $190,610 total) and the same 17,034 shares were sold in an open-market transaction at a weighted-average price of $24.24 per share (~$412,870) on April 6, 2026. The Form 4 also shows a conversion/derivative line at $0, consistent with the mechanics of converting option/RSU interests into shares for sale.
Key Details
- Transaction date: April 6, 2026. Form 4 filed April 8, 2026 (appears timely).
- Exercise: 17,034 shares exercised at $11.19 per share — total cost $190,610 (code M).
- Sale: 17,034 shares sold in the open market at a weighted-average $24.24 per share — gross proceeds ~$412,870 (code S). Sale price range reported $24.16–$24.28 (footnote F2).
- Derivative conversion: A separate line shows conversion/exercise at $0 for 17,034 shares, reflecting the derivative-to-stock conversion (footnote F1 indicates some shares are RSUs).
- Vesting/eligibility note: the option grant was fully exercisable as of June 21, 2017 (footnote F3).
- Shares owned after the transaction: not specified on this Form 4.
Context
This was an exercise-and-sell (cashless) type transaction: the insider exercised vested derivative rights and sold the resulting shares the same day. Such transactions are common for option/RSU monetization and are factual record of insider activity; they do not, by themselves, indicate the insider’s future view of the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-06$11.19/sh+17,034$190,610→ 130,559 total - Sale
Class A Common Stock
[F2][F1]2026-04-06$24.24/sh−17,034$412,870→ 113,525 total - Exercise/Conversion
Director Stock Option (right to buy)
[F3]2026-04-06−17,034→ 0 totalExercise: $11.19Exp: 2026-06-22→ Class A Common Stock (17,034 underlying)
Footnotes (3)
- [F1]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.
- [F2]This sale price represents the weighted average sale price of the shares sold ranging from $24.16 to $24.28 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F3]All of this option grant's shares became fully exercisable as of June 21, 2017.