Berkovitch Eli 4

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.