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

Olivia Nottebohm, Chief Operating Officer of Box Inc., sold 1,332 shares of Class A Common Stock on April 7, 2025, at a weighted average price of $29.007 per share, according to a pre-arranged 10b5-1 trading plan.

Summary

• Olivia Nottebohm, the Chief Operating Officer of Box Inc., sold 1,332 shares of Class A Common Stock on April 7, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 24, 2024.
• The shares were sold at a weighted average price of $29.007, with individual prices ranging from $28.88 to $29.04 per share.
• Following the transaction, Nottebohm directly owns 492,545 shares, some of which are represented by restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative prospects for the company.

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. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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