Form 4: Box COO Olivia Nottebohm Vests 72,832 Performance Shares

Box Inc.'s Chief Operating Officer, Olivia Nottebohm, acquired 72,832 shares of Class A Common Stock through the vesting of performance-based restricted stock units.

Summary

• Olivia Nottebohm, Chief Operating Officer of BOX INC, acquired 72,832 shares of Class A Common Stock.
• The acquisition occurred on March 11, 2026, at a price of $0.00 per share.
• These shares represent the achievement of performance criteria under performance-based restricted stock units (PSUs) granted on April 15, 2025.
• Following this transaction, Ms. Nottebohm beneficially owns 538,051 shares of Class A Common Stock.
• One-third of these PSUs are scheduled to vest on April 2, 2026, with the remaining two-thirds vesting annually thereafter for the next two years, contingent on continuous service.
• A portion of the beneficially owned shares are represented by restricted stock units (RSUs), which convert to common stock based on vesting schedules and continuous service.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, indicating the achievement of performance targets by a key executive, which is generally a good sign for operational execution and management alignment.

Positives

• The acquisition of 72,832 shares indicates the achievement of performance criteria by the Chief Operating Officer, reflecting successful execution against company goals.
• The vesting of performance-based restricted stock units aligns management's interests with shareholder value creation.

Future Outlook

One-third of the performance-based restricted stock units are scheduled to vest on April 2, 2026, with the remaining two-thirds vesting annually over the subsequent two years, subject to the Chief Operating Officer's continuous service.

Industry Context

StockSavvy.ai notes that this Form 4 filing is a routine disclosure of insider equity compensation, common across the technology sector for retaining and incentivizing key executives. It does not directly reflect broader industry trends but rather the company's specific compensation practices.

Stakeholder Impact

• Shareholders: The vesting of performance-based equity aligns the Chief Operating Officer's interests with long-term shareholder value, as it is tied to company performance.

Next Steps

• One-third of the PSUs will vest on April 2, 2026.
• The remaining two-thirds of the PSUs will vest annually over the next two years, subject to continuous service.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction related to equity compensation vesting, which is an expected event when performance criteria are met. It does not provide new fundamental information about the company's financial health or strategic direction that would warrant a change in investment recommendation. The achievement of performance targets by a key executive is a positive signal for operational execution, but not significant enough on its own to change a 'hold' stance.

Keywords

Box Inc, BOX, Olivia Nottebohm, Chief Operating Officer, Form 4, SEC filing, beneficial ownership, performance stock units, restricted stock units, equity compensation, insider transaction