Andrew Houston - Dec 5, 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
Dec 5, 2022
Transactions value $
-$3,682,088
Form type
4
Date filed
12/7/2022, 03:08 PM
Previous filing
Nov 17, 2022
Next filing
Jan 9, 2023

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 +150K +1200% $0.00 163K Dec 5, 2022 See footnote F1, F2
transaction DBX Class A Common Stock Sale -$3.68M -163K -100% $22.66 0 Dec 5, 2022 See footnote F2, F3, F4
holding DBX Class A Common Stock 8.78M Dec 5, 2022 Direct F5
holding DBX Class A Common Stock 717K Dec 5, 2022 See Footnote F6

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 -150K -0.21% $0.00 72.6M Dec 5, 2022 Class A Common Stock 150K See foonote F2, F7
holding DBX Class B Common Stock 7.74M Dec 5, 2022 Class A Common Stock See footnote F6, F7
holding DBX Class B Common Stock 501K Dec 5, 2022 Class A Common Stock See footnote F7, F8
* 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.
F2 Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, 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 $22.39 to $23.06. 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 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.
F6 Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting person serves as trustee.
F7 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.
F8 Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which reporting person serves as trustee.