Dropbox CEO-linked trust sells 30,332 shares
Dropbox, Inc. CEO Andrew Houston, through an affiliated trust, sold 30,332 shares of Class A Common Stock at $27.50 per share on May 18, 2026.
Rhea-AI Filing Summary
Dropbox, Inc. CEO Andrew Houston, through an affiliated trust, sold 30,332 shares of Class A Common Stock at $27.50 per share on May 18, 2026. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025.
On the same date, 30,332 shares of Class B Common Stock were converted into an equal number of Class A shares at Houston’s election. After these transactions, he held 8,266,666 Class A shares directly, along with additional indirect holdings and convertible Class B shares held through various family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Houston Andrew
Role
Chief Executive Officer
Sold
30,332 shs ($834K)
Approx. gross sale proceeds
$834K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 30,332 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 30,332 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 30,332 | $27.50 | $834K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 66,829,129 contracts for 500,500 underlying shares (Indirect, See foonote);
Class A Common Stock — 1,161,172 shares (Indirect, See Footnote);
Class B Common Stock — 7,608,764 contracts (Indirect, See Footnote);
Class A Common Stock — 8,266,666 shares (Direct)
Footnotes (8)
- F1. 30,332 shares of Class B Common Stock were converted into 30,332 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
- F2. Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which Reporting Person serves as trustee.
- F3. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2025.
- F4. These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.
- F5. Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which Reporting Person serves as trustee.
- F6. Shares held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which the Reporting Person's spouse serves as trustee.
- F7. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.
- F8. Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which Reporting Person serves as trustee.
Key Figures
Class A shares sold: 30,332 shares
Sale price per share: $27.50/share
Class B converted to Class A: 30,332 shares
+5 more
8 metrics
Class A shares sold
30,332 shares
Open-market sale on May 18, 2026 at $27.50
Sale price per share
$27.50/share
Class A Common Stock sale on May 18, 2026
Class B converted to Class A
30,332 shares
Class B Common Stock converted into Class A at election
Direct Class A holdings
8,266,666 shares
Class A Common Stock held directly after transactions
Indirect Class A holdings (example)
444,444 shares
Class A Common Stock held indirectly, see footnote
Indirect Class B derivative position
7,608,764 underlying shares
Class B convertible into Class A at $0.00 exercise price
Large Class B balance
66,328,629 shares
Indirect Class B Common Stock following conversion entry
Net buy/sell shares
-30,332 shares
Net sell direction across reported transactions
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, restricted stock awards, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan financial
"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B Common Stock financial
"30,332 shares of Class B Common Stock were converted into 30,332 shares of Class A Common Stock at the election of the Reporting Person"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
restricted stock awards financial
"These securities are restricted stock awards of Class A Common Stock."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
convertible into the Issuer's Class A Common Stock financial
"The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Dropbox (DBX) CEO Andrew Houston report in this Form 4?
Andrew Houston reported a sale of 30,332 Dropbox Class A shares and a related conversion of 30,332 Class B shares into Class A shares. These transactions updated his direct and indirect ownership positions in both share classes.
What indirect Dropbox (DBX) holdings and derivatives does Andrew Houston report?
Indirect holdings include Class A and Class B shares held by multiple family trusts where Houston or his spouse serves as trustee. Derivative positions include Class B shares convertible into 500,500 and 7,608,764 underlying Class A shares at a $0.00 exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
