Olivia Nottebohm, Box Inc.'s Chief Operating Officer, sold 4,612 shares of Class A Common Stock on January 21, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The transaction was executed under a pre-arranged Rule 10b5-1 trading program that Nottebohm adopted on July 9, 2025. The shares moved at a weighted average price of $26.041, producing total proceeds of $120,101. Traded prices in the block ranged between $25.78 and $26.185 per share.
Following the sale, Nottebohm directly holds 469,831 shares of Box Inc., with some portion of that stake represented by restricted stock units.
Quarterly results and analyst reactions
Box reported third-quarter results for fiscal 2025 showing revenue of $301 million, above the consensus expectation of $297.46 million. Reported earnings per share came in at $0.31, narrowly below the consensus estimate of $0.32. The company noted strategic progress in artificial intelligence and cloud services during the quarter.
In the wake of the report, Raymond James kept an Outperform rating on Box but trimmed its price target from $42 to $38, citing valuation concerns despite calling the third-quarter performance "impressive." DA Davidson reiterated a Buy rating and held its $45 price target, pointing to the company’s pipeline growth and accelerating revenue as reasons for continued optimism.
Related corporate developments at Boxlight Corp.
Separately, Boxlight Corp. announced a leadership transition, with Jens Holstebro scheduled to step down as Executive Vice President by January 27, 2026. Boxlight also disclosed that it reached an agreement with its lenders to amend credit terms and waive defaults. The company acknowledged indebtedness of approximately $32.2 million and said it is working to resolve that indebtedness prior to the maturity date.
Context and limitations
The insider sale described above was carried out under an established trading plan and the filing records the precise quantity, price range and plan adoption date. The company’s quarterly metrics and the analysts’ published ratings and price targets are reported as disclosed. Where information is limited in the public filings and disclosures, this report reflects only the details provided in those documents.
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