Form 4: Box Inc. Executive Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Eli Berkovitch, VP Chief Acct Ofr & Controller at Box Inc., reports the withholding of shares to cover income tax obligations related to RSU settlement.
Summary
- On March 20, 2025, Eli Berkovitch, VP Chief Acct Ofr & Controller at Box Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 2,798 shares at a price of $30.83 to cover income tax obligations related to the net settlement of restricted stock units (RSUs).
- Following the transaction, Berkovitch beneficially owns 130,323 shares, which includes 380 shares acquired through the Employee Stock Purchase Plan on March 15, 2025.
- Some of these shares are represented by RSUs, each representing the right to receive one share of Common Stock subject to vesting and continued service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Reporting Person acquired 380 shares on March 15, 2025 by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan. |
| 03/20/2025 | Date of transaction: withholding of shares for tax obligations. |
| 03/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Eli Berkovitch, Box Inc, BOX, RSU, Employee Stock Purchase Plan, Tax Withholding
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