[144] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Dropbox, Inc. (DBX) reports a proposed sale of 1,782 common shares by the named person through Morgan Stanley Smith Barney LLC on the NASDAQ, with an aggregate market value of $52,444.26 and an approximate sale date of 09/05/2025. Those shares were acquired as Restricted Stock Units on 05/15/2024 from the issuer and paid for on the acquisition date. The filing also discloses prior sales within three months: 3,564 shares sold on 08/20/2025 that generated gross proceeds of $100,718.64. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 trading plan procedures where applicable.

Insights

Securities Analyst

TL;DR: Insider intends to sell a small number of RSU-derived shares, previously executed additional sales in the last three months.

The Form 144 documents a proposed sale of 1,782 common shares from RSUs through Morgan Stanley, valued at $52,444.26, and notes prior 3,564-share sales generating $100,718.64. For a large-cap issuer these amounts are modest and likely immaterial to company valuation or market liquidity. The filing includes the standard representation regarding absence of undisclosed material information and references Rule 10b5-1 adoption timing, which is relevant for trading-plan safe-harbor protections. Overall, this is routine insider selling activity rather than a material corporate event.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements and notes RSU origin; prior recent sales are disclosed.

The notice properly identifies the securities class, broker, acquisition date, nature of acquisition (Restricted Stock Units), and both the proposed sale and recent sales within three months, fulfilling Form 144 disclosure obligations. The signer affirms no undisclosed material adverse information and flags Rule 10b5-1 plan timing, which helps establish affirmative defenses for scheduled trades. From a governance perspective, this filing appears compliant and procedural, with no additional corporate governance issues disclosed in the document.

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	1782	52444.26	193414444	09/05/2025	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			1782	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for ABHAY PARASNIS 1800 Owens Street San Francisco CA 94158	Common	08/20/2025	3564	100718.64

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 disclose about the proposed sale?

The form discloses a proposed sale of 1,782 common shares through Morgan Stanley on NASDAQ for an aggregate market value of $52,444.26, with an approximate sale date of 09/05/2025.

How were the shares being sold acquired according to the filing?

The shares were acquired as Restricted Stock Units on 05/15/2024 from the issuer, with payment recorded on 05/15/2024.

Does the filing disclose any prior sales by the same person in the past three months?

Yes. It reports prior 10b5-1 sales of 3,564 shares on 08/20/2025, which produced gross proceeds of $100,718.64.

Which broker and exchange are named for the proposed sale?

The broker is Morgan Stanley Smith Barney LLC, and the securities exchange listed is NASDAQ.

Does the filer make any representations about material information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.