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

Olivia Nottebohm, Chief Operating Officer of Box Inc., reports the sale and acquisition of Class A Common Stock, including transactions related to a 10b5-1 trading plan and performance-based restricted stock units.

Summary

• Olivia Nottebohm, the Chief Operating Officer of Box Inc., filed a Form 4 detailing changes in beneficial ownership of Box Inc. stock.
• On March 25, 2025, Nottebohm sold 2,105 shares of Class A Common Stock at a price of $30.76 per share.
• On the same date, Nottebohm acquired 80,175 shares of Class A Common Stock related to performance-based restricted stock units (PSUs) at a price of $0.
• Following these transactions, Nottebohm beneficially owns 427,113 shares directly and 507,288 shares directly.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 24, 2024.
• The acquired shares relate to PSUs granted on April 3, 2024, with vesting occurring annually starting April 2, 2025, subject to continuous service.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing is a routine disclosure of stock transactions. The sale is pre-planned, and the acquisition reflects performance achievement.

Positives

• The acquisition of 80,175 shares through PSUs indicates achievement of performance criteria, which could be seen as a positive signal.

Negatives

• The sale of 2,105 shares, while part of a pre-arranged plan, could be interpreted negatively by some investors.

Risks

• The vesting of PSUs is contingent on continuous service, creating a risk if the Reporting Person's employment status changes.

Future Outlook

The vesting of the PSUs over the next two years is contingent on the Reporting Person's continuous service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of 10b5-1 trading plans is common among executives to avoid accusations of insider trading.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice in financial analysis.
• Comparing Nottebohm's transactions to those of executives at similar cloud storage companies like Dropbox or Google Cloud can provide context.
• The use of Rule 10b5-1 trading plans is a common and accepted practice among corporate executives to manage their stock sales.

Stakeholder Impact

• Shareholders may be interested in the insider's perspective on the company's value, as reflected in their trading activity.
• Employees holding company stock or options may be influenced by insider transactions.

Next Steps

• Monitor future Form 4 filings by Nottebohm and other Box Inc. insiders for further insights into their trading activity.
• Track the vesting schedule of the PSUs and any changes in Nottebohm's employment status.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Olivia Nottebohm, Box Inc, PSU, RSU, 10b5-1 Trading Plan, Class A Common Stock