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Dropbox (DBX) legal chief awarded 200,762 RSUs vesting through 2030

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Yoon William T reported acquisition or exercise transactions in this Form 4 filing.

DROPBOX, INC. Chief Legal Officer William T. Yoon received a grant of 200,762 restricted stock units, each representing one share of Class A Common Stock. The award is compensation, not an open-market purchase, and increases his direct holdings to 390,317 shares after the grant.

The units vest quarterly through February 15, 2030 on a detailed schedule: 7.85% of the shares vest each quarter from May 15, 2026 through November 15, 2026, 8.31% each quarter from February 15, 2027 through November 15, 2027, 5% each quarter from February 15, 2028 through November 15, 2029, and 3.21% on February 15, 2030. Any unvested units are cancelled if he ceases to be a Service Provider.

Positive

  • None.

Negative

  • None.
Insider Yoon William T
Role Chief Legal Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock 200,762 $0.00 --
Holdings After Transaction: Class A Common Stock — 390,317 shares (Direct)
Footnotes (1)
  1. These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock. The restricted stock units vest quarterly over four years as follows: (i) 7.85% of the shares on May 15, 2026 and each three-month anniversary thereafter through November 15, 2026; (ii) 8.31% of the shares on February 15, 2027 and each three-month anniversary thereafter through November 15, 2027; (iii) 5% of the shares on February 15, 2028 and each three-month anniversary thereafter through November 15, 2029; and (iv) 3.21% of the shares on February 15, 2030. Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2030. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
RSU grant size 200,762 units Restricted stock units awarded on April 1, 2026
Post-grant holdings 390,317 shares Class A Common Stock held directly after transaction
Initial vesting rate 7.85% of shares Vesting each quarter from May 15, 2026 through November 15, 2026
Second vesting rate 8.31% of shares Vesting each quarter from February 15, 2027 through November 15, 2027
Main vesting rate 5% of shares Vesting each quarter from February 15, 2028 through November 15, 2029
Final vesting tranche 3.21% of shares Final vest on February 15, 2030
restricted stock units financial
"These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Service Provider financial
"In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled"
vesting schedule financial
"subject to the applicable vesting schedule through February 15, 2030."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Yoon William T
(Last)(First)(Middle)
1800 OWENS STREET
SUITE 200
(Street)
SAN FRANCISCO CALIFORNIA 94158
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
DROPBOX, INC. [ DBX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock04/01/2026A200,762(1)A$0390,317(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock. The restricted stock units vest quarterly over four years as follows: (i) 7.85% of the shares on May 15, 2026 and each three-month anniversary thereafter through November 15, 2026; (ii) 8.31% of the shares on February 15, 2027 and each three-month anniversary thereafter through November 15, 2027; (iii) 5% of the shares on February 15, 2028 and each three-month anniversary thereafter through November 15, 2029; and (iv) 3.21% of the shares on February 15, 2030.
2. Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2030. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
Remarks:
/s/ Cara Angelmar, Attorney-in-Fact04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Dropbox (DBX) disclose about William T. Yoon in this Form 4?

Dropbox reported that Chief Legal Officer William T. Yoon received 200,762 restricted stock units as equity compensation. Each unit converts into one share of Class A Common Stock, subject to a multi-year vesting schedule extending through February 15, 2030, and continued Service Provider status.

Is the William T. Yoon Form 4 transaction a stock purchase of Dropbox (DBX) shares?

The Form 4 shows an equity grant, not an open-market stock purchase. Yoon was awarded 200,762 restricted stock units at no cash cost per share, which vest over time as compensation rather than being bought on the market like a typical investor transaction.

How many Dropbox shares does William T. Yoon hold after this Form 4 transaction?

After the restricted stock unit grant, William T. Yoon directly holds 390,317 shares of Dropbox Class A Common Stock. This total reflects his position following the April 1, 2026 award of 200,762 restricted stock units reported in the insider filing.

What is the vesting schedule for William T. Yoon’s 200,762 Dropbox RSUs?

The 200,762 restricted stock units vest quarterly from May 15, 2026 through February 15, 2030. Portions vest at 7.85%, 8.31%, and 5% across successive periods, with a final 3.21% tranche on February 15, 2030, assuming continued Service Provider status.

What happens to William T. Yoon’s unvested Dropbox restricted stock units if he leaves?

If William T. Yoon ceases to be a Service Provider before full vesting, any unvested restricted stock units are cancelled. Only vested units convert into Class A Common Stock, so continued service through the vesting dates is required to realize the entire grant.

What type of security was granted to William T. Yoon by Dropbox (DBX)?

Dropbox granted William T. Yoon restricted stock units tied to Class A Common Stock. Each restricted stock unit represents the right to receive one share upon vesting, with no exercise price, functioning as time-based equity compensation rather than a stock option.