BOX COO Olivia Nottebohm sold $171K worth of shares at $26.17, a 1.2% reduction in her stake. This sale is the 15th in her verified history with no buys, fitting a pattern of routine selling rather than a new, high-conviction bearish signal.

Where it could go — 5 similar BOX signals averaged +3.0% at 30d; watch $28.80 as the bull trigger, $23.34 as the bear break.

CFO Dylan Smith sold $442,000 worth of BOX stock, reducing his stake by 1.2% from a price 9.7% below the 90-day high. This sale is part of a consistent monthly pattern and does not signal a change in outlook, as there are no other insider buyers to provide a contrasting view.

Where it could go — Analyst consensus is MIXED with a mean target implying potential upside; bear case if the stock breaks below its recent low of $23.34.

VP Berkovitch sold $160K worth of BOX stock, reducing his stake by 5.2% at $25.36 per share. This first-time sale lacks supporting insider buys and follows two other recent officer sales, suggesting routine diversification rather than strong negative conviction.

Where it could go — Analyst mean target unavailable; bear case if stock breaks $21.34 support level.

Dylan Smith, CFO of BOX, executed a Code-S open-market sale of 21,972 shares at $24.91 on 2026-05-11, reducing holdings by 1.6% to 1,382,797 shares and realizing $547K. This is Smith's first Form 4 filing on record—no prior Code-P buys or Code-S sales exist, and no other officers bought BOX in the prior 60 days, eliminating cluster confirmation. The sale occurred 15 days before earnings (2026-05-26, consensus $0.37 EPS) at a price 16.7% above the 90-day low ($21.34) and 7.1% below the 90-day high ($26.81), placing it squarely in the middle of recent range with no extreme timing signal.

Where it could go — Analyst consensus is mixed (8 buy / 5 hold / 1 sell across 14 analysts); if the bull case holds, mean target implies upside from $24.91, but invalidation requires a break below the $21.34 90-day low or a miss on the 2026-05-26 earnings print.

Nottebohm Olivia, Chief Operating Officer of BOX, executed a Code-S open-market sale of 12,470 shares at $25.17 on 2026-05-08, reducing her holdings by 2.2% ($314K notional). This is her first Form 4 filing on record—no prior buys or sells—making the transaction a baseline event with no historical pattern to reference. The sale occurred 18 days before earnings (2026-05-26, consensus $0.37 EPS), with no other officers buying in the past 60 days and analyst consensus split (8 buy / 5 hold / 1 sell).

Where it could go — Price at $25.17 sits 18% above the 90d low ($21.34) and 6.1% below the 90d high ($26.81); if the bull case holds, mean analyst target would need to be stated to imply upside; invalidated if stock breaks below $21.34 support or if earnings miss consensus by >10%.