Dropbox (DBX) Form 144 Filed for 10,000-Share Sale via Morgan Stanley

Rhea-AI Filing Summary

Form 144 filed in connection with proposed sale of 10,000 shares of common stock through Morgan Stanley Smith Barney, representing an aggregate market value of $298,700.00. The filing states the shares were acquired as Restricted Stock Units on 05/15/2025 and the approximate date of sale is 09/08/2025. The issuer's outstanding shares are listed as 193,414,444, and two prior 10b5-1 sales by the same person are disclosed: 06/13/2025 (10,098 shares, $283,739.66) and 08/18/2025 (10,098 shares, $275,692.57).

The filer certifies no undisclosed material adverse information and references Rule 10b5-1 trading plan mechanics where applicable.

Insights

Securities Analyst

TL;DR: Insider plans modest sale of 10,000 shares (~$299k) under Rule 144; prior 10b5-1 executions are disclosed.

This Form 144 documents a customary, relatively small proposed sale by a person who acquired shares as Restricted Stock Units on 05/15/2025. The planned transaction through Morgan Stanley Smith Barney for 09/08/2025 has an aggregate value of $298,700 against 193.4 million outstanding shares, indicating the sale is de minimis relative to total float. The filing also transparently reports two recent 10b5-1 sales in June and August 2025, demonstrating ongoing systematic disposals rather than a single large divestiture. From a market-impact perspective, this is unlikely to be material.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 and 10b5-1 practices; signer affirms no undisclosed material information.

The notice follows required disclosure conventions: acquisition details (RSUs dated 05/15/2025), broker information, and a representation about material non-public information. The inclusion of prior 10b5-1 sales adds governance transparency. There is no indication in the filing of any irregularity, and the size of the proposed sale suggests standard executive/tax-liquidity activity rather than governance concerns.

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	10000	298700.00	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			10000	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for ASHRAF ALKARMI 1800 Owens Street San Francisco CA 94158	Common	08/18/2025	10098	275692.57
10b5-1 Sales for ASHRAF ALKARMI 1800 Owens Street San Francisco CA 94158	Common	06/13/2025	10098	283739.66

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 filed for DBX report?

It reports a proposed sale of 10,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $298,700.00 and an approximate sale date of 09/08/2025.

How and when were the shares to be sold on the Form 144 acquired?

The 10,000 shares were acquired as Restricted Stock Units on 05/15/2025, with the filing indicating the issuer as the grantor.

Does the filing show any recent sales by the same person?

Yes. Two 10b5-1 sales are disclosed: 10,098 shares on 06/13/2025 (gross proceeds $283,739.66) and 10,098 shares on 08/18/2025 (gross proceeds $275,692.57).

What broker is handling the proposed sale?

Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, is listed as the broker.

What representation does the filer make about material information?

The filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed and references Rule 10b5-1 plan adoption where applicable.