EVAN DANA L 4

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.