Form 4: Box Inc. COO Olivia Nottebohm Sells 12,414 Shares Under 10b5-1 Trading Plan

Box Inc.'s Chief Operating Officer, Olivia Nottebohm, sold 12,414 shares of Class A Common Stock at an average price of $31.85 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Olivia Nottebohm, the Chief Operating Officer of Box Inc., sold 12,414 shares of Class A Common Stock on December 26, 2024.
• The sale was executed under a Rule 10b5-1 trading plan adopted on September 24, 2024.
• The shares were sold at a weighted average price of $31.85, with individual prices ranging from $31.77 to $31.97 per share.
• Following the transaction, Nottebohm directly owns 453,146 shares of Box Inc. stock.
• Some of these shares are represented by restricted stock units (RSUs), which vest over time.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for executives who have pre-arranged trading plans. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those of other companies.
• The use of a 10b5-1 trading plan is a common method for executives to sell shares without being accused of insider trading, and is used by executives at many comparable companies.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect due to the pre-arranged nature of the sale.

Key Dates

Keywords

insider trading, Form 4, stock sale, Rule 10b5-1, Olivia Nottebohm, Box Inc., executive compensation, equity securities