Form 4: Box Inc. CFO Dylan C. Smith Sells 13,000 Shares Under 10b5-1 Trading Plan

Dylan C. Smith, CFO of Box Inc., sold 13,000 shares of Class A Common Stock on April 10, 2025, at an average price of $29.72, according to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 10, 2025, 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 $29.72 per share, with individual prices ranging from $29.56 to $29.885.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on April 2, 2024.
• Following the transaction, Smith directly owns 1,463,951 shares, some of which are represented by restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, insider trading, Rule 10b5-1, stock sale, Dylan C. Smith, CFO, Box Inc., BOX