Form 4: Box Inc. CFO Dylan Smith Sells 13,000 Shares

Dylan Smith, CFO of Box Inc., sold 13,000 shares of Class A Common Stock at an average price of $32.524 per share on October 10, 2024, according to a recent SEC Form 4 filing.

Summary

• On October 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 $32.524 per share, with individual prices ranging from $32.02 to $32.72.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on April 2, 2024.
• Following the sale, Smith directly owns 1,474,509 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 subject to vesting and continued service.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an insider stock sale. The sale was conducted under a pre-arranged trading plan, suggesting it was not based on any specific positive or negative information. Therefore, the sentiment is neutral.

Industry Context

Insider sales are a common occurrence, and the use of a pre-arranged Rule 10b5-1 trading plan suggests the sale was planned and not based on any specific non-public information.

Stakeholder Impact

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

Key Dates