Dropbox exec reports tax RSU share withholding
Dropbox, Inc. General Manager, Core, Ashraf Alkarmi reported a tax-related share disposition.
Rhea-AI Filing Summary
Dropbox, Inc. General Manager, Core, Ashraf Alkarmi reported a tax-related share disposition. On the vesting of previously reported restricted stock units, 8,677 shares of Class A common stock were withheld by Dropbox at $24.53 per share to cover tax withholding and remittance obligations. After this withholding transaction, Alkarmi directly holds 427,133 shares of Class A common stock. Certain remaining holdings are in the form of restricted stock units that vest on an applicable schedule through November 15, 2028, and any unvested units will be cancelled if service with the company ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 8,677 | $24.53 | $213K |
Footnotes (2)
- F1. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
- F2. 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 November 15, 2028. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Dropbox (DBX) report for Ashraf Alkarmi?
Was the Dropbox (DBX) Form 4 transaction an open-market stock sale?
What do the restricted stock unit terms mean for Dropbox (DBX) executive equity?
AI-generated analysis. How Rhea-AI works. Not financial advice.