Nottebohm Olivia 4

What Happened
Olivia Nottebohm, Chief Operating Officer of Box, reported a sale of 5,942 shares on May 1, 2026 at $25.00 per share, generating proceeds of $148,550. The filing lists the transaction as an open-market or private sale (code S). Sales are typically routine and do not necessarily signal a change in insider sentiment.

Key Details

• Transaction date and price: May 1, 2026 — 5,942 shares at $25.00 each.
• Reported proceeds: $148,550.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — The sales were effected under a Rule 10b5-1 trading plan adopted July 9, 2025.
  • F2 — Some of the reported shares are represented by time-based and performance-based RSUs, each convertible to one share upon vesting and continued service.
• Filing timeliness: Reported on May 4, 2026; this appears to be filed within the required Form 4 timeframe (not marked late).

Context
The sale was executed under a pre-established 10b5-1 plan, which is commonly used by insiders to sell shares according to a preset schedule and can reduce questions about timing. The presence of RSU-related footnotes indicates some holdings are awards that vest over time; RSUs are not immediate cash or shares until vesting conditions are met.