Form 4: Box Inc. COO Olivia Nottebohm Reports Stock Transaction

Olivia Nottebohm, Chief Operating Officer of Box Inc., reported a transaction involving the withholding of 56,400 shares for tax obligations, resulting in a total of 465,560 shares beneficially owned.

Summary

• Olivia Nottebohm, the Chief Operating Officer of Box Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on December 20, 2024, where 56,400 shares of Class A Common Stock were withheld by Box Inc. to cover income tax obligations related to the vesting of restricted stock units (RSUs).
• This transaction is not a sale by Ms. Nottebohm but rather a withholding by the company for tax purposes.
• Following this transaction, Ms. Nottebohm beneficially owns 465,560 shares of Box Inc. stock, some of which are represented by RSUs.
• Each RSU represents the right to receive one share of common stock upon vesting and continued service.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing related to stock transactions. It is neutral in nature and does not indicate any positive or negative sentiment about the company's performance or future prospects. The transaction is a standard practice for stock-based compensation.

Industry Context

This is a routine filing related to stock transactions by company insiders, which is common practice for publicly traded companies. It provides transparency into the ownership changes of company stock by key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a common occurrence where companies withhold shares to cover tax obligations related to vesting of stock-based compensation, similar to practices at other tech companies such as Salesforce, Adobe, and Microsoft.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in the beneficial ownership of shares by a company executive.
• The withholding of shares for tax obligations is a standard practice and does not indicate any change in the company's financial health or operations.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, Box Inc, Olivia Nottebohm, Chief Operating Officer