Form 4: Box Inc. COO Olivia Nottebohm Sells Shares Under Pre-Arranged Trading Plan

Box Inc.'s Chief Operating Officer, Olivia Nottebohm, sold 1,329 shares of Class A Common Stock for approximately $49,738.47 on June 10, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Olivia Nottebohm, Chief Operating Officer of Box Inc. (BOX), reported the sale of 1,329 shares of the company's Class A Common Stock.
• The transaction occurred on June 10, 2025, with shares sold at a price of $37.43 per share, totaling approximately $49,738.47.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Nottebohm on September 24, 2024.
• Following this transaction, Ms. Nottebohm beneficially owns 554,682 shares of Box Inc. Class A Common Stock, which includes restricted stock units (RSUs) subject to vesting.

Sentiment

Score: 5

Explanation: The sentiment is neutral. A Form 4 filing for a pre-planned Rule 10b5-1 sale is a routine disclosure and typically does not indicate significant positive or negative sentiment regarding the company's prospects.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction designed to comply with insider trading regulations and not based on new material non-public information.

Negatives

• An insider sale, even if pre-planned, reduces the direct equity stake of a key executive in the company.

Future Outlook

NA

Management Comments

• The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 24, 2024.
• Certain of these shares are represented by restricted stock units ("RSUs"). Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date.

Industry Context

This is a routine insider transaction filing and does not provide specific industry context. Insider sales under 10b5-1 plans are common across industries for executive financial planning and diversification.

Corporate Governance

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the pre-planned nature of the sale under a 10b5-1 plan suggests it is for personal financial management rather than a negative signal about the company.

Key Dates

Keywords

Box Inc., BOX, Olivia Nottebohm, Chief Operating Officer, Insider Trading, Form 4, Stock Sale, Rule 10b5-1 Plan, Equity Compensation