[144] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Dropbox, Inc. (DBX) reporting a proposed sale of 3,564 common shares through Morgan Stanley Smith Barney LLC on NASDAQ with an approximate aggregate market value of $100,825.56. The shares represent restricted stock units acquired from the issuer on 05/15/2024 and the filer indicates an approximate sale date of 08/20/2025. The filing lists 193,414,444 shares outstanding for the class and notes no securities sold in the past three months by the reporting person. The notice includes the statutory representation that the seller is not aware of undisclosed material adverse information.

Positive

• Transparent disclosure of proposed sale details including broker, share count, and aggregate value
• No securities sold in past three months by the reporting person as stated in the filing
• Securities were acquired as RSUs, and acquisition date (05/15/2024) is provided

Negative

• Insider proposes to sell shares (3,564 common shares), which represents an actual planned disposition
• Aggregate value disclosed ($100,825.56) may indicate insider monetization of equity

Insights

Securities Analyst

TL;DR: Routine insider notice: a modest sale of 3,564 RSU-derived shares via broker, disclosed under Rule 144.

The Form 144 is a standard disclosure notifying the market of a proposed sale under Rule 144. The position size (3,564 shares, $100,825.56 aggregate value) is small relative to the reported 193,414,444 shares outstanding, suggesting limited market impact. The shares were acquired as restricted stock units on 05/15/2024 and no sales in the past three months are reported, indicating this is not part of recent rapid divestiture activity. Filing through Morgan Stanley Smith Barney LLC and the inclusion of the Rule 144 representation reflect compliance with required procedures for an insider sale.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure that documents an insider sale and the seller's attestation about material non-public information.

The filing fulfills regulatory transparency expectations by stating the broker, the number of shares, acquisition method (RSUs), and the filers attestation regarding material information. The absence of sales in the prior three months and the clearly stated acquisition date support a routine governance disclosure. There is no indication in the filing of any unusual trading pattern, related-party transactions beyond the RSU grant, or governance concerns disclosed in this notice.

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	3564	100825.56	193414444	08/20/2025	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			3564	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 DBX Form 144 report?

The filing reports a proposed sale of 3,564 Dropbox common shares through Morgan Stanley Smith Barney LLC on NASDAQ with aggregate value $100,825.56.

When were the shares being sold acquired?

The shares were acquired as restricted stock units on 05/15/2024 from the issuer, per the filing.

When is the approximate date of sale listed in the filing?

The filing lists an approximate sale date of 08/20/2025.

Does the filing report any securities sold in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the reporting person.

How many shares outstanding does the filing list for Dropbox common stock?

The filing lists 193,414,444 shares outstanding for the class of common stock.