Andrew Houston - 16 Sep 2024 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
16 Sep 2024
Net transactions value
-$217,500
Form type
4
Filing time
18 Sep 2024, 16:20:13 UTC
Previous filing
05 Sep 2024
Next filing
23 Sep 2024
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 +3,200 $0.000000 3,200 16 Sep 2024 See footnote F1, F2
transaction DBX Class A Common Stock Sale $80,000 -3,200 -100% $25.00 0 16 Sep 2024 See footnote F2, F3
transaction DBX Class A Common Stock Conversion of derivative security $0 +5,500 $0.000000 5,500 17 Sep 2024 See Footnote F2, F4
transaction DBX Class A Common Stock Sale $137,500 -5,500 -100% $25.00 0 17 Sep 2024 See Footnote F2, F3
holding DBX Class A Common Stock 444,444 16 Sep 2024 See Footnote F5
holding DBX Class A Common Stock 8,266,666 16 Sep 2024 Direct F6
holding DBX Class A Common Stock 716,728 16 Sep 2024 See Footnote F7

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 -3,200 -0% $0.000000 70,181,929 16 Sep 2024 Class A Common Stock 3,200 See foonote F2, F8
transaction DBX Class B Common Stock Conversion of derivative security $0 -5,500 -0.01% $0.000000 70,176,429 17 Sep 2024 Class A Common Stock 5,500 See foonote F2, F8
holding DBX Class B Common Stock 7,743,764 16 Sep 2024 Class A Common Stock 7,743,764 See footnote F7, F8
holding DBX Class B Common Stock 500,500 16 Sep 2024 Class A Common Stock 500,500 See footnote F8, F9
* 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 3,200 shares of Class B Common Stock were converted into 3,200 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 adopted by the Reporting Person on December 5, 2023
F4 5,500 shares of Class B Common Stock were converted into 5,500 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F5 Shares held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which the Reporting Person's spouse serves as trustee.
F6 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 Houston Remainder Trust u/a/d 12/30/2010, for which Reporting Person serves as trustee.
F8 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.
F9 Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which Reporting Person serves as trustee.