Bart Volkmer - 15 Nov 2021 Form 4 Insider Report for DROPBOX, INC. (DBX)

Signature
/s/ Cara Angelmar, Attorney-in-Fact
Issuer symbol
DBX
Transactions as of
15 Nov 2021
Net transactions value
-$745,172
Form type
4
Filing time
17 Nov 2021, 17:04:33 UTC
Previous filing
13 Oct 2021
Next filing
14 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBX Class A Common Stock Tax liability $424,337 -15,722 -6.1% $26.99 241,551 15 Nov 2021 Direct F1, F2
transaction DBX Class A Common Stock Conversion of derivative security $0 +82,099 +34% $0.000000 323,650 16 Nov 2021 Direct F2, F3
transaction DBX Class A Common Stock Sale $320,836 -12,305 -3.8% $26.07 311,345 16 Nov 2021 Direct F2, 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 Class B Common Stock Conversion of derivative security $0 -82,099 -46% $0.000000 97,717 16 Nov 2021 Class A Common Stock 82,099 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units and restricted stock awards previously reported.
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 82,099 shares of Class B Common Stock were converted into 82,099 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F4 These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.