Timothy H. Young - Dec 1, 2020 Form 4/A - Amendment Insider Report for DROPBOX, INC. (DBX)

Role: President
Signature: /s/ Cara Angelmar, Attorney-in-Fact
Stock symbol: DBX
Transactions as of: Dec 1, 2020
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 12/29/2021, 04:25 PM
Date Of Original Report: Dec 3, 2020
Next filing: May 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DBX	Class A Common Stock	Award	$0	+1.59M	+170.92%	$0.00	2.52M	Dec 1, 2020	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This Form 4 is being amended to reflect the maximum number of shares that may be issued pursuant to a restricted stock award of Class A Common Stock, originally issued on December 1, 2020, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions. The previously filed Form 4 reflected the number of shares that may be issued upon achievement of the performance related vesting conditions at target.
F2	Column 5 reflects shares beneficially owned as of December 1, 2020, the date of the transaction reported in the original Form 4 filing. Certain of these securities are restricted stock awards. Each restricted stock award represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2024. In the event the Reporting Person ceases to be a Service Provider, or if certain restricted stock awards do not satisfy market-based or liquidity event-related performance vesting conditions, the unvested restricted stock awards will be cancelled by the Issuer.

Content

This Form 4 is being amended to reflect the maximum number of shares that may be issued pursuant to a restricted stock award of Class A Common Stock, originally issued on December 1, 2020, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions. The previously filed Form 4 reflected the number of shares that may be issued upon achievement of the performance related vesting conditions at target.

Column 5 reflects shares beneficially owned as of December 1, 2020, the date of the transaction reported in the original Form 4 filing. Certain of these securities are restricted stock awards. Each restricted stock award represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2024. In the event the Reporting Person ceases to be a Service Provider, or if certain restricted stock awards do not satisfy market-based or liquidity event-related performance vesting conditions, the unvested restricted stock awards will be cancelled by the Issuer.