Dropbox (DBX) director sells 2,000 shares in Rule 10b5-1 trade

Rhea-AI Filing Summary

Dropbox, Inc. director Karen Peacock sold 2,000 shares of Class A Common Stock in an open-market transaction. The sale took place on March 11, 2026 at a price of $26.50 per share and was executed under a Rule 10b5-1 trading plan adopted on December 10, 2025.

After this transaction, she directly holds 21,295 shares of Class A Common Stock. A portion of her position consists of restricted stock units, each representing one share, subject to vesting schedules through May 15, 2026 or the day before Dropbox’s next annual stockholder meeting. Unvested units will be cancelled if she ceases to be a service provider.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares ($53,000)

Net Sell 1 txn

Insider Peacock Karen

Role Director

Sold 2,000 shs ($53K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,000	$26.50	$53K

Holdings After Transaction: Class A Common Stock — 21,295 shares (Direct)

Footnotes (1)

1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2025. 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 May 15, 2026 or the day prior to the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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).

X

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^*

Peacock Karen

(Last) (First) (Middle)

1800 OWENS STREET

SUITE 200

(Street)

SAN FRANCISCO CA 94158

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DROPBOX, INC. [ DBX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/11/2026		S(1)		2,000	D	$26.5	21,295(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2025.

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 May 15, 2026 or the day prior to the date of the Issuer's next annual meeting of stockholders. 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-Fact	03/13/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did Dropbox (DBX) director Karen Peacock report?

Karen Peacock reported selling 2,000 shares of Dropbox Class A Common Stock. The open-market sale occurred on March 11, 2026 at $26.50 per share, and was conducted under a pre-established Rule 10b5-1 trading plan adopted in December 2025.

How many Dropbox (DBX) shares does Karen Peacock own after this Form 4 sale?

After the reported sale, Karen Peacock directly holds 21,295 Dropbox Class A shares. Her holdings include restricted stock units that each represent one Class A share, which vest on schedules running through May 15, 2026 or the day before the next annual stockholder meeting.

Was Karen Peacock’s Dropbox (DBX) share sale made under a Rule 10b5-1 plan?

Yes. The 2,000-share sale was executed pursuant to a Rule 10b5-1 trading plan. That plan was adopted by Karen Peacock on December 10, 2025, indicating the transaction was pre-arranged rather than an ad hoc trading decision based on near-term market movements.

At what price did Karen Peacock sell her Dropbox (DBX) shares?

She sold 2,000 shares of Dropbox Class A Common Stock at $26.50 per share. This price applies to the March 11, 2026 open-market transaction reported, and it determines the gross dollar value of the sale before any applicable fees, taxes, or other transaction costs.

What are the terms of Karen Peacock’s Dropbox (DBX) restricted stock units?

Certain securities in her position are restricted stock units, each equal to one Class A share. These units vest according to schedules running through May 15, 2026 or the day before Dropbox’s next annual meeting, and unvested units are cancelled if she stops being a service provider.