Andrew Houston - 10 Oct 2022 Form 4 Insider Report for DROPBOX, INC. (DBX)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Cara Angelmar, Attorney-in-Fact
Issuer symbol
DBX
Transactions as of
10 Oct 2022
Net transactions value
-$20,146,757
Form type
4
Filing time
12 Oct 2022, 16:29:29 UTC
Previous filing
17 Aug 2022
Next filing
15 Nov 2022
SEC
View on sec.gov

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 +150,000 +21% $0.000000 866,728 10 Oct 2022 See footnote F1, F2
transaction DBX Class A Common Stock Sale $3,054,036 -149,300 -17% $20.46 717,428 10 Oct 2022 See footnote F2, F3, F4
transaction DBX Class A Common Stock Sale $14,793 -700 -0.1% $21.13 716,728 10 Oct 2022 See footnote F2, F3, F5
transaction DBX Class A Common Stock Sale $5,585,792 -273,426 -2.9% $20.43 9,023,691 10 Oct 2022 Direct F3, F4, F6
transaction DBX Class A Common Stock Sale $16,908 -800 -0.01% $21.14 9,022,891 10 Oct 2022 Direct F3, F5, F6
transaction DBX Class A Common Stock Sale $5,562,455 -272,249 -54% $20.43 227,751 10 Oct 2022 See footnote F3, F4, F7
transaction DBX Class A Common Stock Sale $4,230 -200 -0.09% $21.15 227,551 10 Oct 2022 See footnote F3, F7
transaction DBX Class A Common Stock Sale $1,057,473 -52,551 -23% $20.12 175,000 11 Oct 2022 See footnote F3, F7, F8
transaction DBX Class A Common Stock Sale $4,851,069 -240,999 -2.7% $20.13 8,781,892 11 Oct 2022 Direct F3, F6, F8

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 -150,000 -1.9% $0.000000 7,743,764 10 Oct 2022 Class A Common Stock 150,000 See foonote F2, F9
holding DBX Class B Common Stock 72,738,073 10 Oct 2022 Class A Common Stock See footnote F7, F9
holding DBX Class B Common Stock 500,500 10 Oct 2022 Class A Common Stock See footnote F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 150,000 shares of Class B Common Stock were converted into 150,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F10 Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which reporting person serves as trustee.
F2 Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting person serves as trustee.
F3 These shares were sold 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 $20.12 to $21.11. 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 This transaction was executed in multiple trades at prices ranging from $21.12 to $21.15. 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.
F6 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.
F7 Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which reporting person serves as trustee.
F8 This transaction was executed in multiple trades at prices ranging from $19.89 to $20.48. 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.
F9 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.