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

Signature
/s/ Cara Angelmar, Attorney-in-Fact
Stock symbol
DBX
Transactions as of
Nov 15, 2021
Transactions value $
-$745,172
Form type
4
Date filed
11/17/2021, 05:04 PM
Previous filing
Oct 13, 2021
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBX Class A Common Stock Tax liability -$424K -15.7K -6.11% $26.99 242K Nov 15, 2021 Direct F1, F2
transaction DBX Class A Common Stock Conversion of derivative security $0 +82.1K +33.99% $0.00 324K Nov 16, 2021 Direct F2, F3
transaction DBX Class A Common Stock Sale -$321K -12.3K -3.8% $26.07 311K Nov 16, 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 -82.1K -45.66% $0.00 97.7K Nov 16, 2021 Class A Common Stock 82.1K 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.