[144] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Dropbox, Inc. (DBX) proposing the sale of 5,666 common shares through Morgan Stanley Smith Barney LLC on 08/18/2025 with an aggregate market value of $157,628.12. The filing shows these shares were acquired as Restricted Stock Units on 08/15/2025 and listed as paid on that date. The issuer's outstanding share count is reported as 193,414,444. The notice also discloses prior sales by the same account: a 10b5-1 sale of 7,146 common shares on 08/14/2025 that generated $198,808.87 in gross proceeds, sold for the account of ALI DASDAN at an address listed in San Francisco. Certain filer and issuer contact fields in the form are blank in the provided content.

Positive

• Clear identification of security class and broker: Common shares to be sold through Morgan Stanley Smith Barney LLC
• Acquisition type disclosed: Shares were acquired as Restricted Stock Units on 08/15/2025
• Prior sales disclosed: 10b5-1 sale of 7,146 shares on 08/14/2025 with gross proceeds of $198,808.87

Negative

• Missing issuer/filer contact details: Several filer and issuer contact fields are blank in the provided content
• Rapid disposition timing: RSUs acquired 08/15/2025 are proposed for sale on 08/18/2025, indicating quick turnover

Insights

Securities Analyst

TL;DR: Insider-related RSUs converted and quickly scheduled for sale; recent 10b5-1 sales were material in size but represent a small fraction of outstanding shares.

The filing shows 5,666 RSU-derived shares acquired on 08/15/2025 and proposed for sale three days later on 08/18/2025 through Morgan Stanley Smith Barney LLC, valued at $157,628.12. A nearby 10b5-1 sale of 7,146 shares on 08/14/2025 produced gross proceeds of $198,808.87. Together these transactions are explicit and transparent in the notice; they represent a tiny fraction of the reported 193,414,444 shares outstanding, limiting direct market impact. The filing lacks some filer contact and issuer detail in the provided excerpt, which are necessary for full chain-of-custody clarity.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 format; timing indicates routine disposition of recently vested RSUs and use of a 10b5-1 plan for prior sales.

The document explicitly identifies the nature of acquisition as Restricted Stock Units vested on 08/15/2025 and a contemporaneous sale notice for 08/18/2025. The presence of a prior 10b5-1 sale on 08/14/2025 for the same account is disclosed, consistent with planned trading arrangements. The form includes the required representation about absence of undisclosed material adverse information. Some administrative fields (filer CIK/CCC and issuer name/contact) are not populated in the provided excerpt, reducing completeness for external reviewers.

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	5666	157628.12	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			5666	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for ALI DASDAN 1800 Owens Street San Francisco CA 94158	Common	08/14/2025	7146	198808.87

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?

The form proposes the sale of 5,666 common shares on 08/18/2025 via Morgan Stanley Smith Barney LLC with an aggregate market value of $157,628.12.

How were the 5,666 Dropbox shares acquired?

The shares were acquired as Restricted Stock Units (RSUs) on 08/15/2025, with the filing showing the acquisition and payment date as 08/15/2025.

Were there any recent related sales by the same account?

Yes. The filing discloses a 10b5-1 sale on 08/14/2025 for 7,146 common shares generating $198,808.87 in gross proceeds, attributed to ALI DASDAN.

How large are these transactions relative to Dropbox's outstanding shares?

The form reports 193,414,444 shares outstanding; the proposed sale of 5,666 shares and the prior sale of 7,146 shares are both a very small fraction of that total.

Does the filing state the seller has any undisclosed material information?

The notice includes the required representation that the person signing does not know any material adverse information about the issuer that has not been publicly disclosed.