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

Olivia Nottebohm, Chief Operating Officer of Box Inc., sold 6,079 shares of Class A Common Stock at an average price of $31.91 per share on January 21, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Olivia Nottebohm, the Chief Operating Officer of Box Inc., executed a sale of 6,079 shares of Class A Common Stock on January 21, 2025.
• The shares were sold at a weighted average price of $31.91 per share, with individual sale prices ranging from $31.75 to $32.05.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted on September 24, 2024.
• Following the transaction, Nottebohm directly owns 447,067 shares of Box Inc. stock.
• Some of these shares are represented by restricted stock units (RSUs), which vest over time based on continued service.

Sentiment

Score: 5

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

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

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 use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies to manage their stock sales in a compliant manner.
• Comparable companies would have similar filings when their executives sell shares.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on investor sentiment, but the use of a 10b5-1 plan suggests the sale was planned and not based on any new information.

Key Dates

Keywords

insider trading, Form 4, Rule 10b5-1, stock sale, executive, Box Inc, Olivia Nottebohm, COO