Berkovitch Eli 4
4 · BOX INC · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Box Inc (BOX) VP Controller Eli Berkovitch Withholds 2,155 Shares
What Happened
Eli Berkovitch, Vice President, Chief Accounting Officer & Controller of Box, had 2,155 shares withheld on March 20, 2026 to satisfy tax withholding obligations related to the net settlement of restricted stock units (RSUs). The withholding was reported at $23.86 per share for a total value of approximately $51,418. This was a tax-withholding/net settlement transaction (not an open-market sale by the reporting person).
Key Details
- Transaction date: March 20, 2026
- Price used for withholding: $23.86 per share
- Shares withheld/disposed: 2,155 shares; total value reported $51,418
- Shares owned after transaction: Not specified in the provided filing excerpt
- Footnotes of note:
- F1: These shares were withheld by the issuer to satisfy income tax withholding in connection with RSU net settlement and do not represent a sale by the reporting person.
- F2: Filing notes 390 shares were acquired March 15, 2026 under the Employee Stock Purchase Plan (ESPP).
- F3: Some shares are represented by RSUs, each representing the right to receive one share subject to vesting and continued service.
- Filing: Report filed March 23, 2026 for a March 20 transaction — the Form 4 was filed within the standard SEC two-business-day window (timely).
Context
This was a routine tax-withholding/net settlement of RSUs (often called a "cashless" or net share settlement) rather than a voluntary sale on the open market. Such withholdings are common when RSUs vest and generally reflect tax obligations, not necessarily the insider's view on the company.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-03-20$23.86/sh−2,155$51,418→ 120,016 total
Footnotes (3)
- [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 390 shares acquired on March 15, 2026 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.