Berkovitch Eli 4

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.