Dropbox (DBX) CTO sells 7,306 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dropbox, Inc. Chief Technology Officer Ali Dasdan sold 7,306 shares of Class A common stock in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $24.8913 per share, leaving him with 499,379 shares of Class A common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,306 shares ($181,856)
Net Sell
1 txn
Insider
Dasdan Ali
Role
Chief Technology Officer
Sold
7,306 shs ($182K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,306 | $24.8913 | $182K |
Holdings After Transaction:
Class A Common Stock — 499,379 shares (Direct)
Footnotes (1)
- These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2025. This transaction was executed in multiple trades at prices ranging from $24.49 to $25.29. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. 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, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock awards and restricted stock units will be cancelled by the Issuer.
FAQ
What insider transaction did Dropbox (DBX) report for Ali Dasdan?
Dropbox reported that Chief Technology Officer Ali Dasdan sold 7,306 shares of Class A common stock in an open-market transaction. The sale was executed under a Rule 10b5-1 trading plan at a weighted average price of $24.8913 per share.
Was the Dropbox (DBX) insider sale by Ali Dasdan pre-planned?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Ali Dasdan. Such plans allow insiders to schedule trades in advance, providing a structured way to sell shares over time.
Does Ali Dasdan have Dropbox restricted stock units (RSUs)?
Yes. The filing notes that certain securities are restricted stock units, each representing one Class A share, vesting through February 15, 2029. Any unvested restricted stock awards and units are cancelled if he ceases to be a service provider.