[144] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Dropbox, Inc. (DBX) reported a Form 144 notice showing a proposed sale of 11,430 common shares, valued at $341,414.10, to be sold on 09/08/2025 on NASDAQ. The shares were acquired as Restricted Stock Units from the issuer on 05/15/2025 and fully vested/paid on that same date. No other sales by the seller in the past three months were reported and the filer represents they have no undisclosed material adverse information.

Positive

• Clear compliance with Rule 144 reporting requirements including broker and planned sale date
• Acquisition and payment details provided: RSUs acquired and paid on 05/15/2025, indicating transaction transparency
• No sales in prior three months, reducing complexity of aggregated sale reporting

Negative

• Insider sale reported (11,430 shares), which some investors may view as a potential signaling event
• Limited context about the seller's role or reason for sale is provided in the filing

Insights

Financial Analyst

TL;DR: Insider plans to sell a small block of recently-issued RSUs, totaling $341k, disclosed under Rule 144.

The filing documents a routine Rule 144 notice for 11,430 common shares acquired as restricted stock units on 05/15/2025 and slated for sale on 09/08/2025 via Morgan Stanley Smith Barney LLC on NASDAQ. The aggregate value is stated as $341,414.10. This is a straightforward disclosure of a proposed secondary-market sale rather than company operational performance. The absence of securities sold in the prior three months and the signer’s certification about material information are standard and indicate compliance with required disclosures.

Corporate Governance Expert

TL;DR: The Form 144 is a compliance disclosure for insider selling; it raises no governance red flags given the information provided.

The notice shows the person is selling shares that originated as RSUs from the issuer on 05/15/2025. The sale will be executed through a named broker and the filer affirms no undisclosed material adverse information. There are no disclosures of additional related-party transactions, aggregated sales, or prior three-month sales, which suggests a single, isolated transaction. Based solely on this filing, there is no evidence of governance concerns or undisclosed related-party issues.

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	11430	341414.10	193414444	09/08/2025	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	05/15/2025	Restricted Stock Units	Issuer			11430	05/15/2025	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 Dropbox's (DBX) Form 144 disclose?

The filing discloses a proposed sale of 11,430 common shares valued at $341,414.10, to be sold on NASDAQ on 09/08/2025.

How were the shares in the DBX Form 144 acquired?

The shares were acquired as Restricted Stock Units from the issuer on 05/15/2025 and the payment date is listed as 05/15/2025.

Which broker will execute the sale listed in the DBX Form 144?

Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza, New York, NY 10004) is named as the broker.

Does the filing report other sales by the seller in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Does the filer make any certification in the Form 144?

Yes. 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.