Form 4: Box Inc. CEO Aaron Levie Sells 10,000 Shares Under 10b5-1 Trading Plan

Box Inc. CEO Aaron Levie sold 10,000 shares of Class A Common Stock on September 10, 2024, at an average price of $32.916 per share, according to a Form 4 filing with the SEC.

Summary

• On September 10, 2024, Aaron Levie, the CEO of Box Inc., sold 10,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $32.916 per share, with individual prices ranging from $32.69 to $33.11.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on April 2, 2024.
• Following the sale, Levie directly owns 3,009,155 shares of Box Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently indicate positive or negative sentiment, as it's a routine transaction under a pre-existing trading plan.

Industry Context

Executive stock sales are common and often pre-planned to avoid accusations of insider trading. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates