Levie Aaron 4

What Happened
Aaron Levie, CEO of Box, reported the sale of 15,000 shares (transaction code S) on March 10, 2026. The Form 4 lists a weighted-average sale price of $24.72 per share for total proceeds of $370,815. The filing classifies the transaction as an open-market or private sale.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely; Form 4s are generally due within two business days).
• Price: weighted-average $24.72 per share; reported price range $24.30–$24.95 (see footnote F2 for per-price breakdown availability).
• Shares sold: 15,000; proceeds reported as $370,815.
• Shares owned after transaction: not specified in the summary here—see the filed Form 4 for post-transaction holdings.
• Footnotes: F1 notes the sales were effected under a Rule 10b5-1 trading plan adopted March 28, 2025; F2 explains the weighted-average price and offers to provide the quantity sold at each price on request.

Context
This sale was executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is commonly used to avoid trading on material nonpublic information; such plans often make sales less indicative of an insider’s near-term view. In general, insider purchases tend to carry more weight as a bullish signal, while routine sales—especially under 10b5-1 plans—are frequently for diversification or liquidity needs rather than a negative signal about company prospects.