Dropbox (DBX) CAO has 5,854 shares withheld for RSU taxes

Rhea-AI Filing Summary

Dropbox, Inc. (DBX) reported that its Chief Accounting Officer, Sarah Elizabeth Schubach, had 5,854 shares of Class A Common Stock withheld on August 17, 2026 to satisfy tax withholding and remittance obligations related to the vesting and net settlement of previously reported restricted stock units. The shares were valued at $34.42 per share for this tax-withholding transaction. After this event, Schubach holds 118,412 shares of Class A Common Stock, some of which are restricted stock units that will continue to vest under their schedule through February 15, 2030, with unvested units cancelled if she ceases to be a Service Provider.

Insider Trade Summary

Net Seller: 5,854 shares

Net Sell 1 txn

Insider Schubach Sarah Elizabeth

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1, F2	5,854	$34.42	$201K

Holdings After Transaction: Class A Common Stock — 118,412 shares (Direct)

Footnotes (2)

1. 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.
2. 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 withheld for taxes: 5,854 shares Per-share value for withholding: $34.42 per share Shares held after transaction: 118,412 shares +2 more

5 metrics

Shares withheld for taxes 5,854 shares Class A Common Stock withheld on August 17, 2026 to satisfy tax obligations

Per-share value for withholding $34.42 per share Reference price for the 5,854 withheld shares in the tax-withholding transaction

Shares held after transaction 118,412 shares Total Class A Common Stock beneficially owned by Sarah Schubach after the transaction

RSU vesting horizon February 15, 2030 Restricted stock units remain subject to vesting through this date

RSU share equivalence 1 share per RSU Each restricted stock unit represents the right to receive one Class A Common share

Key Terms

restricted stock units, net settlement, tax withholding and remittance obligations, Service Provider

4 terms

restricted stock units financial

"Certain of these securities are restricted stock units. Each restricted stock unit represents"

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.

net settlement financial

"in connection with the vesting and net settlement of restricted stock units previously"

tax withholding and remittance obligations financial

"withheld by the Issuer to satisfy tax withholding and remittance obligations in connection"

Service Provider regulatory

"In the event the Reporting Person ceases to be a Service Provider, the unvested"

FAQ

What insider transaction did DBX report for Chief Accounting Officer Sarah Schubach?

DBX reported that Sarah Schubach had 5,854 shares of Class A Common Stock withheld on August 17, 2026 to cover tax obligations from vesting restricted stock units, rather than executing an open-market sale.

How many Dropbox (DBX) shares were withheld for taxes and at what price?

A total of 5,854 DBX shares were withheld at a reference value of $34.42 per share. This was a tax-withholding and remittance transaction tied to the vesting and net settlement of restricted stock units.

How many Dropbox (DBX) shares does Sarah Schubach hold after this Form 4 transaction?

After the August 17, 2026 transaction, Sarah Schubach holds 118,412 DBX Class A shares. This amount includes restricted stock units that remain subject to vesting conditions through February 15, 2030.

Was the recent DBX insider transaction an open-market sale?

No, the transaction was not an open-market sale. The 5,854 shares were withheld by Dropbox to satisfy tax withholding and remittance obligations related to vesting restricted stock units.

What is the vesting schedule for Sarah Schubach’s Dropbox (DBX) restricted stock units?

Certain securities are restricted stock units that vest on a schedule running through February 15, 2030. Each unit represents the right to receive one DBX Class A share, and unvested units are cancelled if she ceases to be a Service Provider.

Was the DBX insider transaction made under a Rule 10b5-1 trading plan?

No, the filing indicates the Rule 10b5-1 checkbox is not selected. The transaction is described specifically as shares withheld by Dropbox to meet tax withholding and remittance obligations upon RSU vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 05:29 PM Accepted by SEC EDGAR 08/19/2026 - 05:28 PM Learn about SEC filing dates

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).

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^*

Schubach Sarah Elizabeth

(Last) (First) (Middle)

50 HAWTHORNE STREET

(Street)

SAN FRANCISCO CALIFORNIA 94105

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/17/2026		F(1)		5,854	D	$34.42	118,412(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. 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.

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-Fact	08/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)