LAZAR JACK R 4

What Happened

• Jack R. Lazar, a director of Box, Inc., was granted 8,372 restricted stock units (RSUs) on June 25, 2026. The grant price is reported as $0.00 (typical for RSU awards), so the reported acquisition value is $0.
• These RSUs are an award under the company’s Outside Director Compensation Policy and are a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 29, 2026.
• Award: 8,372 RSUs @ $0.00; reported acquisition value = $0.
• Vesting: 100% of the RSUs vest on the earlier of (i) twelve months from grant (June 25, 2027) or (ii) the date of Box’s next annual meeting of stockholders (per footnote F1).
• Footnotes: F1 describes the award as the annual RSU grant under the Outside Director Compensation Policy; F2 reiterates that these RSUs represent rights to receive one share each subject to vesting and continuous service.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Form filed June 29 for a June 25 transaction. Form 4s are generally required within two business days of the transaction, so this filing appears later than that window — investors may wish to review the full filing for any timeliness explanation.

Context

• This is a routine director compensation award (not a purchase or sale). RSU grants are common for non-employee directors as part of annual pay and do not necessarily indicate a trading signal. Upon vesting, each RSU converts into one share (subject to the company’s policies and the director’s continued service).