Eli Berkovitch, Vice President, Chief Accounting Officer and Controller at Box (NYSE:BOX), reported selling 24,500 shares of Common Stock in an open-market transaction valued at approximately $584,000, according to an SEC Form 4 filing.
Metric | Value |
|---|---|
Shares sold (direct) | 24,500 |
Transaction value | ~$584,300 |
Post-transaction shares (direct) | 95,516 |
Post-transaction value (direct ownership) | $2.2 million |
Transaction value based on SEC Form 4 reported price ($23.85); post-transaction value based on April 8, 2026 market close ($23.18).
How does the size of this sale compare to Berkovitch’s typical transaction volumes?
This 24,500-share sale is the largest single transaction Berkovitch has executed, well above his historical mean sell size of approximately 5,830 shares per trade (based on 14 prior sell-only events).What proportion of Berkovitch’s position did this sale represent, and how does it impact his remaining capacity for future trades?
The sale accounted for 20.41% of his direct holdings, reducing his available share capacity to approximately 63% of his position at the start of 2025.Were any derivative securities or indirect holdings affected by this transaction?
No options, restricted stock units, or indirect ownership vehicles were involved; the transaction comprised only direct sales of Common Stock.What market context surrounded this sale, and how does the timing align with Box’s share price trends?
The sale was completed on April 8, 2026 when shares closed at $23.18, with the stock down 25.94% over the prior year; this timing may reflect a routine liquidity event rather than a reaction to recent price movements.
Metric | Value |
|---|---|
Revenue (TTM) | $1.18 billion |
Net income (TTM) | $87.05 million |
1-year price change | -25.94% |
Note: 1-year performance calculated as of April 8, 2026.
Box delivers a cloud content management platform with web, mobile, and desktop applications, enabling secure file sharing, collaboration, and workflow automation.
It operates a subscription-based software-as-a-service (SaaS) model, generating recurring revenue from enterprise and business clients utilizing its platform for content management and compliance.
The company serves approximately 100,000 paying organizations globally as of January 31, 2022, with primary customers in financial services, healthcare, government, and legal sectors.
Box is a leading provider of cloud content management solutions, supporting organizations in securely managing, sharing, and collaborating on data across devices and geographies. The company leverages a SaaS model to deliver scalable, compliance-focused services tailored to regulated industries and enterprises.
