Andrew Houston - Sep 16, 2024 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
Sep 16, 2024
Transactions value $
-$217,500
Form type
4
Date filed
9/18/2024, 04:20 PM
Previous filing
Sep 5, 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 Conversion of derivative security $0 +3.2K $0.00 3.2K Sep 16, 2024 See footnote F1, F2
transaction DBX Class A Common Stock Sale -$80K -3.2K -100% $25.00 0 Sep 16, 2024 See footnote F2, F3
transaction DBX Class A Common Stock Conversion of derivative security $0 +5.5K $0.00 5.5K Sep 17, 2024 See Footnote F2, F4
transaction DBX Class A Common Stock Sale -$138K -5.5K -100% $25.00 0 Sep 17, 2024 See Footnote F2, F3
holding DBX Class A Common Stock 444K Sep 16, 2024 See Footnote F5
holding DBX Class A Common Stock 8.27M Sep 16, 2024 Direct F6
holding DBX Class A Common Stock 717K Sep 16, 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 -3.2K 0% $0.00 70.2M Sep 16, 2024 Class A Common Stock 3.2K See foonote F2, F8
transaction DBX Class B Common Stock Conversion of derivative security $0 -5.5K -0.01% $0.00 70.2M Sep 17, 2024 Class A Common Stock 5.5K See foonote F2, F8
holding DBX Class B Common Stock 7.74M Sep 16, 2024 Class A Common Stock 7.74M See footnote F7, F8
holding DBX Class B Common Stock 501K Sep 16, 2024 Class A Common Stock 501K 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.