Box COO Olivia Nottebohm Sells 5,834 Shares for $188,500
Key Points
The executive sold 5,834 shares on August 7, 2026, for a total value of ~$188,500.
The disposition reduced the insider's direct equity position by 1%.
The transaction was executed under a Rule 10b5-1 trading plan established on July 9, 2025.
The activity occurred with the stock returning 3.5% over the 12 months ending on the August 7, 2026 transaction date.
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Olivia Nottebohm, Chief Operating Officer of Box, Inc. (NYSE:BOX), reported a sale of 5,834 shares of Class A Common Stock on Aug. 7, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares sold | 5,834 |
| Transaction value | $188,497 |
| Post-transaction shares (directly held) | 513,382 |
| Post-transaction value | $17.06 million |
Transaction value based on SEC Form 4 weighted average sale price ($32.31); post-transaction value based on August 07, 2026, market close ($33.24).
Key questions
- How does this transaction affect the insider's total stake in the company?
The sale of 5,834 shares reduced direct holdings by 1%, leaving the executive with 513,382 shares held directly. - What was the regulatory context of this disposal?
The trade was executed automatically under a Rule 10b5-1 trading plan adopted on July 9, 2025, which removes discretionary timing from the transaction process. - What is the market valuation of the executive's remaining position?
Based on the Aug. 7, 2026, market close of $33.24, the insider's remaining direct equity in the software infrastructure firm is valued at ~$17 million. - What is the composition of the remaining equity holdings?
The executive's direct position includes a combination of common stock and restricted stock units that are subject to future time-based and performance-based vesting schedules.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-06) | $31.85 |
| Market Capitalization | $4.6 billion |
| Revenue (TTM) | $1.2 billion |
| Net Income (TTM) | $125 million |
Company Snapshot
- Box, Inc. operates a cloud-based content management platform that enables organizations to securely manage, distribute, and access digital assets across multiple devices and locations, generating revenue through subscription-based SaaS licensing.
- The company monetizes its platform through recurring subscription fees from enterprise and mid-market customers who rely on Box for content collaboration, workflow automation, and custom application development capabilities.
- Box serves organizations across diverse industries seeking scalable, secure content management solutions, with primary customers ranging from mid-market enterprises to large-scale organizations requiring comprehensive digital asset governance and collaboration infrastructure.
Box, Inc. is an established cloud infrastructure software provider with $1.2 billion in TTM revenue and a market capitalization of $4.6 billion, demonstrating profitability with $125 million in net income.
The company's SaaS-based business model provides recurring revenue streams through enterprise content management solutions, positioning it as a critical infrastructure provider for organizations managing complex digital workflows and collaborative processes at scale.
What this transaction means for investors
This sale shouldn’t concern investors, as it was completed under a pre-adopted Rule 10b5-1 plan. This allows insiders to complete sales while avoiding conflicts of interest or the appearance of acting on material non-public information. Moreover, the sale represented a small percentage of Nottenbohm’s holdings in the company’s stock.
Importantly, Box TTM revenue grew 9% year over year, with operating profit surging 53%. The company credited demand to enterprises using Box to manage unstructured data for AI agents.
The company’s results may assuage fears of competition from AI disruption. The stock has rebounded sharply after a dip earlier in the year. It trades at a high price-to-earnings multiple of 51, indicating investors expect strong earnings growth. However, analysts expect around 10% annualized earnings growth over the next two years.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool recommends Box. The Motley Fool has a disclosure policy.
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