Berkovitch Eli 4
4 · BOX INC · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Box VP Controller Eli Berkovitch Receives RSU Award
What Happened
Eli Berkovitch, VP, Chief Accounting Officer & Controller of Box, was granted 6,115 restricted stock units (RSUs) on 2026-04-22 (code A) that were deemed 100% vested immediately. To satisfy tax withholding on the net settlement of those RSUs, 2,152 shares were withheld/disposed (code F) at a reported price of $24.33 per share, representing $52,358. The RSU grant is reported as an acquisition (no cash paid); the withholding is not a market sale by the Reporting Person.
Key Details
- Transaction date: 2026-04-22; Form 4 filed 2026-04-23 (filed timely).
- Grant: 6,115 RSUs @ $0.00 (acquired).
- Withholding/tax disposition: 2,152 shares @ $24.33 = $52,358 (reported as disposed to cover tax obligations).
- Shares owned after transaction: Not specified in the provided details.
- Footnotes:
- F1: RSUs granted as a bonus under the Company’s FY2026 Executive Bonus Plan and were 100% vested upon grant.
- F2: Each RSU represents the right to one share subject to applicable vesting (standard RSU language).
- F3: The 2,152 shares were withheld by the issuer to satisfy tax withholding and do not represent a sale initiated by the Reporting Person.
Context
This was an award (bonus RSUs) that vested immediately; the only shares “disposed” were withheld by the company for taxes (net settlement), a routine administrative step that does not necessarily signal trading intent. For retail investors, awards increase insider ownership but tax-withholdings are common and should not be read as an open-market sell.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-04-22+6,115→ 124,131 total - Tax Payment
Class A Common Stock
[F3][F2]2026-04-22$24.33/sh−2,152$52,358→ 121,979 total
Footnotes (3)
- [F1]Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2026 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.