Form 4: Box Inc. CFO Smith Sells Shares to Cover Tax Obligations

Dylan C. Smith, CFO of Box Inc., disposed of shares to cover income tax obligations related to the net settlement of Restricted Stock Units.

Summary

• On April 22, 2025, Dylan C. Smith, the Chief Financial Officer of Box Inc., disposed of 1,792 shares of Class A Common Stock.
• The shares were withheld by Box Inc. to satisfy income tax and withholding obligations related to the net settlement of Restricted Stock Units (RSUs).
• The transaction price was $29.31 per share.
• Following the transaction, Smith beneficially owns 1,533,550 shares, some of which are represented by RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This transaction is related to tax obligations and doesn't necessarily reflect a change in the executive's long-term outlook on the company.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Dylan C. Smith, Chief Financial Officer, BOX, Box Inc., RSU, Restricted Stock Units, Tax Obligations