Bart Volkmer - 11 Oct 2022 Form 4 Insider Report for DROPBOX, INC. (DBX)

Role: Chief Legal Officer
Signature: /s/ Cara Angelmar, Attorney-in-Fact
Issuer symbol: DBX
Transactions as of: 11 Oct 2022
Net transactions value: -$221,334
Form type: 4
Filing time: 13 Oct 2022, 17:41:12 UTC
Previous filing: 14 Sep 2022
Next filing: 17 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	+29,237	+10%	$0.000000	322,855	11 Oct 2022	Direct	F1, F2
transaction	DBX	Class A Common Stock	Sale	$221,334	-11,000	-3.4%	$20.12	311,855	11 Oct 2022	Direct	F2, F3, 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	-29,237	-30%	$0.000000	68,480	11 Oct 2022	Class A Common Stock	29,237		Direct	F1

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

Explanation of Responses:

Id	Content
F1	29,237 shares of Class B Common Stock were converted into 29,237 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
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, 2026. 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	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 $19.90 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.