Dropbox CAO sells 2,025 shares at $36.78
Dropbox, Inc. (DBX) reported that Chief Accounting Officer Sarah Elizabeth Schubach sold 2,025 shares of Class A common stock on September 15, 2026 at an average price of $36.78 per share.
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Form Type
4
Rhea-AI Filing Summary
Dropbox, Inc. (DBX) reported that Chief Accounting Officer Sarah Elizabeth Schubach sold 2,025 shares of Class A common stock on September 15, 2026 at an average price of $36.78 per share. After this sale, she directly holds 134,834 shares, including restricted stock units that vest through February 15, 2030. The sale was made under a Rule 10b5-1 trading plan adopted on June 4, 2026.
Insider Trade Summary 10b5-1
Net Seller: 2,025 shares
Net Sell
1 txn
Insider
Schubach Sarah Elizabeth
Role
Chief Accounting Officer
Sold
2,025 shs ($74K)
Share of Position Sold
1.5%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 2,025 | $36.78 | $74K |
Holdings After Transaction:
Class A Common Stock — 134,834 shares (Direct)
Holdings Before and After:
Class A Common Stock, 136,859 to 134,834 shares (Direct)
Other Insiders: 7 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (2)
- F1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 4, 2026.
- 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 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.
Key Figures
Shares sold: 2,025 shares
Sale price per share: $36.78 per share
Shares held after transaction: 134,834 shares
+2 more
5 metrics
Shares sold
2,025 shares
Class A common stock sold by the Chief Accounting Officer on September 15, 2026
Sale price per share
$36.78 per share
Average price for the 2,025 shares sold on September 15, 2026
Shares held after transaction
134,834 shares
Direct holdings of the Chief Accounting Officer following the September 15, 2026 sale
Rule 10b5-1 plan adoption date
June 4, 2026
Date the trading plan governing the reported sale was adopted
Restricted stock unit vesting end date
February 15, 2030
Latest date through which the restricted stock units referenced in the filing may vest
Key Terms
Rule 10b5-1 trading plan, restricted stock units, vesting schedule, Service Provider
4 terms
Rule 10b5-1 trading plan regulatory
"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 4, 2026."
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.
restricted stock units financial
"Certain of these securities are restricted stock units."
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.
vesting schedule financial
"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."
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.
Service Provider regulatory
"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 DBX report for Chief Accounting Officer Sarah Schubach?
DBX reported that Chief Accounting Officer Sarah Elizabeth Schubach sold 2,025 shares of Class A common stock on September 15, 2026 at an average price of $36.78 per share in an open-market or private transaction.
Was the DBX insider sale made under a Rule 10b5-1 trading plan?
Yes. The sale of 2,025 shares reported for September 15, 2026 was made pursuant to a Rule 10b5-1 trading plan that Sarah Elizabeth Schubach adopted on June 4, 2026, according to the footnote disclosure.
What are the vesting terms of the DBX restricted stock units held by the insider?
The filing states that certain securities held by Sarah Elizabeth Schubach are restricted stock units, each representing the right to receive one share of Class A common stock, subject to an applicable vesting schedule through February 15, 2030. Unvested units are cancelled if she ceases to be a Service Provider.
Does the DBX Form 4 indicate any derivative securities transactions?
No. The Form 4 describes a single sale of 2,025 shares of Class A common stock. It notes the existence of restricted stock units that vest over time but does not report any option exercises or other derivative transactions in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
