Timothy Regan - Sep 13, 2024 Form 4 Insider Report for DROPBOX, INC. (DBX)

Signature
/s/ Cara Angelmar, Attorney-in-Fact
Stock symbol
DBX
Transactions as of
Sep 13, 2024
Transactions value $
-$80,875
Form type
4
Date filed
9/17/2024, 07:18 PM
Previous filing
Sep 4, 2024
Next filing
Sep 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBX Class A Common Stock Sale -$60.9K -2.5K -0.51% $24.35 486K Sep 13, 2024 Direct F1, F2
transaction DBX Class A Common Stock Sale -$10K -400 -0.08% $25.00 485K Sep 16, 2024 Direct F1, F2
transaction DBX Class A Common Stock Sale -$10K -400 -0.08% $25.00 485K Sep 17, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 15, 2024
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, 2028. 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.