Form 4: Box Inc. CFO Dylan C. Smith Sells 13,000 Shares
SEC Form 4 Filing
Dylan C. Smith, CFO of Box Inc., sold 13,000 shares of Class A Common Stock on May 10, 2024, at a weighted average price of $26.084 per share.
Summary
- On May 10, 2024, Dylan C. Smith, the Chief Financial Officer of Box Inc., sold 13,000 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $26.084 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on April 6, 2023.
- Following the transaction, Smith directly owns 1,565,912 shares of Box Inc.
- Some of these shares are represented by restricted stock units (RSUs), each representing the right to receive one share of Common Stock upon vesting and continued service.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There's no indication of positive or negative implications for the company's performance.
Industry Context
Insider sales are a common occurrence, and this transaction appears to be part of a pre-planned trading strategy (Rule 10b5-1). It's important to monitor insider activity in conjunction with overall company performance and industry trends to assess potential implications.
Key Dates
| Date | Description |
|---|---|
| 04/06/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 05/10/2024 | Date of the transaction (stock sale) |
| 05/14/2024 | Date of signature for the Form 4 filing |
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