Nottebohm Olivia 4
4 · BOX INC · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Box COO Olivia Nottebohm Shares Withheld for Taxes
What Happened Olivia Nottebohm, Chief Operating Officer of Box, had 21,327 shares withheld by the company to satisfy tax and withholding obligations related to the net settlement of restricted stock units (RSUs). The withholding was recorded at $24.84 per share for a total value of $529,763. This was a tax-withholding/net-settlement transaction (code F), not an open-market sale by the insider.
Key Details
- Transaction date: 2026-06-20; Form 4 filed 2026-06-22 (appears timely under the two-business-day rule).
- Shares withheld: 21,327 at $24.84 per share; total value ≈ $529,763.
- Transaction code: F — represents shares withheld to pay income tax and withholding obligations (not a sale by the reporting person) (Footnote F1).
- Securities type: Shares delivered via net-settled RSUs; includes time-based and performance-based RSUs (Footnote F2).
- Shares owned after transaction: Not specified in this Form 4.
Context This is a routine tax-withholding action that reduces the number of shares delivered to the executive upon RSU vesting. It does not indicate an open-market sale or a directional buy/sell decision by the insider. For investors, tax withholding on RSU settlements is common and generally not considered a signal of changed company sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-06-20$24.84/sh−21,327$529,763→ 530,884 total
Footnotes (2)
- [F1]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 restricted stock units ("RSUs") and does not represent a sale by the Reporting Person.
- [F2]Certain of these shares are represented by time-based and performance-based 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.