[144] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Dropbox, Inc. (DBX) shows a proposed sale of 14,105 shares of common stock through Morgan Stanley Smith Barney on 08/28/2025 on NASDAQ, with an aggregate market value of $406,506.10. The filer acquired these shares as restricted stock units (RSUs) on 05/15/2024. The total shares outstanding listed are 193,414,444, making the proposed sale a very small fraction of the outstanding stock. The filing reports no securities sold in the past three months by the person for whose account the sale is proposed. The notice includes the standard representation that the seller does not possess undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Small insider sale of RSU shares; likely immaterial to DBX market capitalization or control.

The filing documents a proposed resale of 14,105 shares acquired as RSUs, with an aggregate value of $406,506.10. Relative to the 193,414,444 shares outstanding, this amount represents an immaterial dilution or supply change, suggesting limited market impact. The use of a broker and the absence of other sales in the prior three months are routine. No indications of distress or material nonpublic information are present in the notice; the filer affirms lack of undisclosed material adverse facts.

Corporate Governance Specialist

TL;DR: Routine insider liquidity event from vested RSUs; governance implications appear standard and nonmaterial.

The sale arises from RSU vesting, a common employee compensation outcome. The filing follows Rule 144 procedures and includes the required seller representation regarding material nonpublic information. Because the transaction size is negligible relative to outstanding shares, there is no apparent governance or control concern. Documentation does not show any accelerated insider selling or repeated recent disposals tied to the same account.

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	14105	406506.10	193414444	08/28/2025	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	05/15/2024	Restricted Stock Units	Issuer			14105	05/15/2024	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 Form 144 for DBX disclose?

It discloses a proposed sale of 14,105 common shares via Morgan Stanley Smith Barney on 08/28/2025 with aggregate value $406,506.10.

How were the shares acquired that are being sold?

The shares were acquired as restricted stock units (RSUs) on 05/15/2024 and the filer lists the acquisition amount as 14,105 shares.

Is this sale material relative to Dropbox's outstanding shares?

No. The filing lists 193,414,444 shares outstanding; 14,105 shares represent a very small percentage of that total.

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

The form reports "Nothing to Report" for securities sold during the past three months by the person for whose account the sale is proposed.

Which broker is handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY and the sale is to occur on NASDAQ.