Bart Volkmer - Jun 11, 2021 Form 4 Insider Report for DROPBOX, INC. (DBX)

Role: Chief Legal Officer
Signature: /s/ Cara Angelmar, Attorney-in-Fact
Stock symbol: DBX
Transactions as of: Jun 11, 2021
Transactions value $: -$2,672,687
Form type: 4
Date filed: 6/15/2021, 06:43 PM
Previous filing: May 17, 2021
Next filing: Jul 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DBX	Class A Common Stock	Conversion of derivative security	$0	+90.1K	+28.8%	$0.00	403K	Jun 11, 2021	Direct	F1, F2
transaction	DBX	Class A Common Stock	Sale	-$2.67M	-90.1K	-22.36%	$29.65	313K	Jun 11, 2021	Direct	F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DBX	Stock Option (right to buy)	Options Exercise	$0	-90.1K	-100%	$0.00^*	0	Jun 11, 2021	Class B Common Stock	90.1K	$4.28	Direct	F3, F5
transaction	DBX	Class B Common Stock	Options Exercise	$0	+90.1K	+50.13%	$0.00	270K	Jun 11, 2021	Class A Common Stock	90.1K		Direct	F3, F6
transaction	DBX	Class B Common Stock	Conversion of derivative security	$0	-90.1K	-33.39%	$0.00	180K	Jun 11, 2021	Class A Common Stock	90.1K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	90,133 shares of Class B Common Stock were converted into 90,133 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F2	Certain of these securities are restricted stock awards and restricted stock units. Each restricted stock award or restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2025. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock awards and restricted stock units will be cancelled by the Issuer.
F3	The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F4	This transaction was executed in multiple trades at prices ranging from $29.46 to $29.98. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5	Shares subject to the option are fully vested and exercisable.
F6	The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.