LABELLE MICHAEL E 4

What Happened
Michael E. Labelle, EVP and Chief Financial Officer of BXP, sold a total of 26,113 BXP shares in open-market transactions on June 9, 2026. The sales were reported as two groups: 18,080 shares at a weighted average price of $66.05 (proceeds $1,194,177) and 8,033 shares at a weighted average price of $67.02 (proceeds $538,356), for aggregate proceeds of approximately $1,732,533. These are dispositions (sales), which are commonly routine and do not by themselves indicate insider sentiment.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-10 (timely filed within reporting window).
• Individual trades reported:
  • 18,080 shares sold @ weighted avg $66.05; proceeds $1,194,177. Footnote: prices in this group ranged $65.81–$66.79 (F1).
  • 8,033 shares sold @ weighted avg $67.02; proceeds $538,356. Footnote: prices in this group ranged $66.815–$67.11 (F2).
• Total shares sold: 26,113; total proceeds: ~$1.73M.
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, option exercise, gift, or tax-withholding notation was indicated in the provided details.
• Footnotes state the reporting person can provide per-price breakdowns on request to the SEC, issuer, or security holders.

Context
Sales by executives can fund diversification, taxes, or other personal needs; they are common and not as informative as purchases. There is no indication in this filing of an options exercise, a directed gift, or a 10% owner transaction—this is an open-market sale by an executive.