Dylan C. Smith - 01 Apr 2024 Form 4 Insider Report for BOX INC (BOX)

Role: Chief Financial Officer
Signature: /s/ David Leeb, Attorney-in-Fact
Issuer symbol: BOX
Transactions as of: 01 Apr 2024
Net transactions value: +$2,470,368
Form type: 4
Filing time: 03 Apr 2024, 18:34:28 UTC
Previous filing: 22 Mar 2024
Next filing: 08 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOX	Class A Common Stock	Award	$0	+2,002	+0.14%	$0.000000	1,450,152	01 Apr 2024	Direct	F1, F2
transaction	BOX	Class A Common Stock	Tax liability	$28,632	-1,011	-0.07%	$28.32	1,449,141	01 Apr 2024	Direct	F2, F3
transaction	BOX	Class A Common Stock	Options Exercise	$2,499,000	+140,000	+9.7%	$17.85	1,589,141	01 Apr 2024	Direct	F2
transaction	BOX	Class A Common Stock	Tax liability		-62,544	-3.9%		1,526,597	01 Apr 2024	Direct	F2, F4
transaction	BOX	Class A Common Stock	Award	$0	+80,000	+5.2%	$0.000000	1,606,597	03 Apr 2024	Direct	F2, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BOX	Employee Stock Option (right to buy)	Options Exercise	$0	-140,000	-100%	$0.000000^*	0	01 Apr 2024	Class A Common Stock	140,000	$17.85	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2024 Executive Bonus Plan. These RSUs were deemed 100% vested immediately following their grant.
F2	Certain of these shares are represented by 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.
F3	Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of RSUs and does not represent a sale by the Reporting Person.
F4	Represents shares withheld to pay for a portion of the exercise price incurred in connection with the exercise of stock options that were set to expire in April 2024.
F5	Represents RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date.
F6	The shares subject to the option were fully vested and exercisable.