Berkovitch Eli 4
4 · BOX INC · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Box (BOX) VP Controller Eli Berkovitch Sells Shares
What Happened Eli Berkovitch, VP, Chief Accounting Officer & Controller at Box, reported a sale and a tax-withholding related to restricted stock units (RSUs). On 2026-06-17 he sold 2,700 shares in an open-market transaction at an average price of $25.32 for proceeds of about $68,375. On 2026-06-20, 1,925 shares were withheld by the issuer to satisfy tax withholding on vested RSUs, valued at approximately $47,817 (this withholding is not a market sale by the reporting person).
Key Details
- Transaction types: S = open-market sale (2,700 shares); F = shares withheld for tax withholding on RSUs (1,925 shares).
- Dates & prices:
- 2026-06-17: 2,700 shares sold at $25.32 each, proceeds ~$68,375. (Footnote: weighted average sale price ranged $25.321–$25.33.)
- 2026-06-20: 1,925 shares withheld at $24.84 each to cover tax obligations, value ~$47,817.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: Sale price is a weighted average across a small range; detailed per-price breakdown available on request.
- F2: Some shares relate to RSUs (each RSU = 1 share subject to vesting).
- F3: Withheld shares represent the issuer satisfying tax withholding and do not constitute a sale by the reporting person.
- Filing timeliness: The Form 4 was filed 2026-06-22 for a primary transaction on 2026-06-17 (filed beyond the SEC’s typical 2-business-day deadline).
Context Tax-withholding via share retention for RSUs is a common administrative action (coded F) and does not necessarily indicate a voluntary decision to sell additional stock. The 2,700-share open-market sale is a routine insider sale; purchases generally carry more interpretive weight for bullish signals. The late filing reduces prompt transparency but does not by itself explain the insider’s motives.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-17$25.32/sh−2,700$68,375→ 112,979 total - Tax Payment
Class A Common Stock
[F3][F2]2026-06-20$24.84/sh−1,925$47,817→ 111,054 total
Footnotes (3)
- [F1]This sale price represents the weighted average sale price of the shares sold ranging from $25.321 to $25.33 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.
- [F2]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.
- [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.