Andrew Houston - Mar 9, 2022 Form 4 Insider Report for DROPBOX, INC. (DBX)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Cara Angelmar, Attorney-in-Fact
Stock symbol: DBX
Transactions as of: Mar 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/11/2022, 04:02 PM
Previous filing: Feb 17, 2022
Next filing: May 17, 2022

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	+175K	+35%	$0.00	675K	Mar 9, 2022	See footnote	F1, F2
transaction	DBX	Class A Common Stock	Gift	$0	-175K	-25.93%	$0.00	500K	Mar 9, 2022	See footnote	F2
holding	DBX	Class A Common Stock						9.3M	Mar 9, 2022	Direct	F3
holding	DBX	Class A Common Stock						717K	Mar 9, 2022	See Footnote	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	-175K	-0.24%	$0.00	72.7M	Mar 9, 2022	Class A Common Stock	175K		See footnote	F2, F5

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

Explanation of Responses:

Id	Content
F1	175,000 shares of Class B Common Stock were converted into 175,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F2	Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which the Reporting Person serves as trustee.
F3	Certain of these securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.
F4	The Shares are held by the Houston Remainder Trust u/a/d 12/30/2010, for which the Reporting Person serves as trustee.
F5	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.