Form 4: Box Inc. COO Olivia Nottebohm Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Olivia Nottebohm, Chief Operating Officer of Box Inc., sold 6,079 shares of Class A Common Stock on February 10, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 10, 2025, Olivia Nottebohm, the Chief Operating Officer of Box Inc., sold 6,079 shares of Class A Common Stock.
- 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 $34.423, with individual prices ranging from $34.26 to $34.60.
- Following the transaction, Nottebohm directly owns 440,988 shares, some of which are represented by restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-09-24 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-02-10 | Date of transaction (sale of shares) |
| 2025-02-11 | Date of signature on the Form 4 filing |
Keywords
Form 4, insider trading, Rule 10b5-1, Olivia Nottebohm, BOX, Box Inc., COO, stock sale
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