Nottebohm Olivia 4

What Happened

• Olivia Nottebohm, Chief Operating Officer of Box, sold 5,834 shares of BOX common stock in an open-market transaction on June 25, 2026. The shares were disposed at $24.97 per share for a total proceeds of $145,675. This was a sale (not a purchase), which many investors view as routine insider liquidity rather than a direct signal about company prospects.

Key Details

• Transaction date and price: June 25, 2026 — 5,834 shares sold at $24.97 each.
• Total proceeds: $145,675.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing: Form 4 filed with accession 0001193125-26-288865 on June 29, 2026 (no late filing flag indicated in the record).
• Notable footnotes:
  • The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 9, 2025 (prearranged trading plan).
  • Certain of the reported shares are associated with time-based and performance-based restricted stock units (RSUs); each RSU represents the right to receive one share subject to vesting and continued service.

Context

• Sales done under a pre-established 10b5-1 plan are generally scheduled in advance and can reflect routine diversification or tax planning rather than a change in the insider’s view of the company.
• The presence of RSU-related shares in the footnote means some sold shares originate from equity awards that vest over time; this does not necessarily indicate new insider purchases or exercises.