Dylan C. Smith - 20 Mar 2023 Form 4 Insider Report for BOX INC (BOX)

Signature
/s/ David Leeb, Attorney-in-Fact
Issuer symbol
BOX
Transactions as of
20 Mar 2023
Net transactions value
-$363,124
Form type
4
Filing time
22 Mar 2023, 19:28:59 UTC
Previous filing
14 Mar 2023
Next filing
04 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOX Class A Common Stock Tax liability $363,124 -14,179 -1% $25.61 1,389,674 20 Mar 2023 Direct F1, F2, F3
transaction BOX Class A Common Stock Award $0 +87,268 +6.3% $0.000000 1,476,942 22 Mar 2023 Direct F3, F4
holding BOX Class A Common Stock 85,000 20 Mar 2023 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 restricted stock units ("RSUs") and does not represent a sale by the Reporting Person.
F2 Includes 949 shares acquired on March 15, 2023 by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
F3 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.
F4 This award represents the achievement of performance criteria under performance-based restricted stock units ("PSUs") granted on April 4, 2022. One-third of these PSUs shall vest on April 4, 2023 and the remaining two-thirds shall vest annually thereafter for the next two years, subject to the Reporting Person's continuous service through each vesting date.
F5 The shares are held of record by the DCS GRAT of 2014, for which the Reporting Person serves as trustee.