Form 4: Box Inc. Director Daniel Levin Reports Acquisition of 7,590 Shares of Class A Common Stock

Director Daniel Levin acquired 7,590 shares of Box Inc. Class A Common Stock through a restricted stock unit (RSU) award.

Summary

• On July 2, 2024, Daniel Levin, a director of Box Inc., acquired 7,590 shares of Class A Common Stock.
• The acquisition was made through an annual restricted stock unit (RSU) award, as part of the Issuer's Outside Director Compensation Policy.
• Each RSU represents a contingent right to receive one share of Box Inc.'s Class A Common Stock upon settlement.
• 100% of the RSUs will vest on the earlier of (i) twelve months from the date of grant (July 2, 2025) or (ii) the date of the Issuer's next annual meeting of stockholders.
• Following the transaction, Levin beneficially owns 51,530 shares of Class A Common Stock, some of which are represented by RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to director compensation. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Future Outlook

The RSUs will vest on the earlier of July 2, 2025, or the date of the next annual meeting of stockholders, contingent on continuous service.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates