[144] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Dropbox, Inc. (DBX) filed a Form 144 reporting a proposed sale of 2,339 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $65,070.98. The filing lists approximately 193,414,444 shares outstanding, and the approximate sale date is 08/18/2025 on NASDAQ. The shares were acquired as restricted stock units (RSUs) on 08/15/2025 from the issuer, with payment/vesting dated 08/15/2025. The filer reports no securities sold in the past three months and includes the standard representation that the selling person is not aware of any undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Small routine insider RSU sale; not materially dilutive relative to outstanding shares.

The Form 144 notifies the market of a proposed sale of 2,339 common shares valued at $65,070.98. Relative to the reported 193.4 million shares outstanding, this position is immaterial and unlikely to affect valuation or liquidity for DBX. The use of a major broker (Morgan Stanley Smith Barney) and the absence of other sales in the prior three months suggest routine disposition of vested RSUs rather than a concentrated sell-down. This filing provides transparency but appears not to signal a material corporate or financial development.

Compliance & Risk Analyst

TL;DR: Filing meets disclosure norms and includes required insider certification language.

The Form 144 documents acquisition details (RSUs dated 08/15/2025) and planned sale (08/18/2025) and contains the customary representation that the seller has no undisclosed material adverse information. There are no reported sales in the prior three months. From a compliance perspective, the filing appears complete for the transaction described, though several filer identification fields in the provided content (CIK, filer name) are blank in the excerpt and would need to be present in the full EDGAR submission for complete traceability.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2339	65070.98	193414444	08/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/15/2025	Restricted Stock Units	Issuer			2339	08/15/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Dropbox (DBX) Form 144 report?

The filing reports a proposed sale of 2,339 common shares with an aggregate market value of $65,070.98, to be sold on or about 08/18/2025 on NASDAQ.

Who is the executing broker for the proposed sale in the DBX Form 144?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

How were the 2,339 Dropbox shares acquired?

The shares were acquired as Restricted Stock Units (RSUs) from the issuer, with acquisition and payment/vesting dated 08/15/2025.

Has the filer sold other Dropbox securities in the past three months?

The filing states: Nothing to Report for securities sold during the past three months.

Does the filer assert possession of material nonpublic information in the Form 144?

No. The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.