Box VP Controller Eli Berkovitch Withholds 1,925 Shares for Taxes

What Happened
Eli Berkovitch, Vice President, Chief Accounting Officer & Controller at Box, had 1,925 shares withheld by the company on September 20, 2026 to satisfy income tax and withholding obligations related to RSU net settlement. The withholding was done at an effective price of $33.72 per share, totaling $64,911. This transaction is coded as an F (tax withholding) and is a routine remittance by the issuer—not a market sale by the reporting person.

Key Details

• Transaction date: 2026-09-20. Filing date: 2026-09-22 (filed within two days of the report date).
• Shares withheld: 1,925 at $33.72/share; total value $64,911.
• Transaction code: F — shares withheld to satisfy tax withholding; not an open-market sale.
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes:
  • F1: Withheld by the issuer to satisfy income tax and withholding in connection with net settlement of RSUs; does not represent a sale by the reporting person.
  • F2: Includes 401 shares acquired Sept 15, 2026 under the Employee Stock Purchase Plan (ESPP).
  • F3: Certain shares are RSUs that vest subject to service/vesting schedule.

Context
This was a tax-withholding/net settlement of restricted stock units (RSUs), a common administrative step when equity awards vest. Such withholdings are routine and generally do not signal the insider buying or selling stock in the open market.