Box COO Olivia Nottebohm Withholds 21,330 Shares for Taxes

What Happened

• Olivia Nottebohm, Chief Operating Officer of Box, had 21,330 shares withheld by the company on 2026-09-20 to satisfy income tax and withholding obligations in connection with the net settlement of RSUs. The withholding was recorded at $33.72 per share, representing approximately $719,248.
• This transaction is a tax-withholding/net settlement of restricted stock units (not an open-market sale by the insider).

Key Details

• Transaction date and price: 2026-09-20 at $33.72 per share; total value reported ~$719,248.
• Transaction code: F — shares withheld to satisfy tax liabilities (reported as a disposition on Form 4 but not an actual sale by the reporting person; see footnote).
• Footnotes: F1 clarifies the issuer withheld shares to cover tax withholding and this does not represent a sale by the reporting person. F2 notes the shares derived from time-based and performance-based RSUs, each representing the right to one share subject to vesting and service requirements.
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Reported on 2026-09-22 for a 2026-09-20 transaction (appears timely).

Context

• This is a routine tax-withholding/net settlement of RSUs. It is informational about compensation settlement and tax payment and should not be interpreted as an open-market sale or a direct signal of the insider's view on the stock.
• For retail investors, purchases and open-market sales typically carry more interpretive weight than withholding actions related to compensation.