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Dropbox grants CPO 842,316 RSUs vesting to 2030

Dropbox granted its Chief Product Officer 842,316 RSUs that vest quarterly through August 2030.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DROPBOX, INC. (symbol: DBX) is the issuer of record for a Form 4 filing submitted to the SEC. Torres Michael Ivan reported acquisition or exercise transactions in this Form 4 filing.

DROPBOX, INC. (DBX) reported that Chief Product Officer Michael Ivan Torres received a grant of 842,316 restricted stock units (RSUs) representing Class A Common Stock on September 1, 2026. Each RSU corresponds to one share, with vesting quarterly through August 15, 2030 under a detailed stepped vesting schedule. No Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider Torres Michael Ivan
Role Chief Product Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock F1, F2 842,316 $0.00 $0.00
Holdings After Transaction: Class A Common Stock — 842,316 shares (Direct)
Footnotes (2)
  1. F1. 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. The restricted stock units vest quarterly over four years as follows: (i) 5.93% of the shares on November 15, 2026 and each three-month anniversary thereafter through August 15, 2027; (ii) 6.14% of the shares on November 15, 2027 and each three-month anniversary thereafter through August 15, 2028; (iii) 6.36% of the shares on November 15, 2028 and each three-month anniversary thereafter through August 15, 2029; and (iv) 6.57% of the shares on November 15, 2029 and each three-month anniversary thereafter through August 15, 2030.
  2. F2. 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 August 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.
RSUs granted 842,316 units Restricted stock units representing Class A Common Stock granted September 1, 2026
Reported grant price per share $0.00 per share RSU grant to Chief Product Officer Michael Ivan Torres
Shares following transaction 842,316 shares Total direct RSU-based right to receive shares reported after the grant
Initial vesting percentage 5.93% Vests on November 15, 2026 and each three-month anniversary through August 15, 2027
Second vesting tier 6.14% Vests on November 15, 2027 and each three-month anniversary through August 15, 2028
Third vesting tier 6.36% Vests on November 15, 2028 and each three-month anniversary through August 15, 2029
Final vesting tier 6.57% Vests on November 15, 2029 and each three-month anniversary through August 15, 2030
restricted stock units financial
"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.
vesting schedule financial
"subject to the applicable vesting schedule through August 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 financial
"In the event the Reporting Person ceases to be a Service Provider"
Class A Common Stock financial
"receive one share of Class A Common Stock, subject to the applicable"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

What did Dropbox (DBX) disclose about Michael Ivan Torres in this Form 4?
Dropbox disclosed that Chief Product Officer Michael Ivan Torres received a grant of 842,316 restricted stock units representing Class A Common Stock on September 1, 2026, which will vest over time through August 15, 2030.

How many Dropbox (DBX) shares are covered by the new RSU grant?
The RSU grant to Michael Ivan Torres covers 842,316 restricted stock units, with each unit representing the right to receive one share of Dropbox Class A Common Stock, subject to the applicable vesting schedule and continued service.

What is the vesting schedule for the 842,316 RSUs at Dropbox (DBX)?
The 842,316 RSUs vest quarterly over four years: 5.93% of the shares on November 15, 2026 and each three-month anniversary through August 15, 2027; 6.14% on November 15, 2027 through August 15, 2028; 6.36% on November 15, 2028 through August 15, 2029; and 6.57% on November 15, 2029 through August 15, 2030.

Does Dropbox (DBX) report any purchase or sale of shares in this Form 4?
No. The Form 4 reports a grant/award acquisition of 842,316 restricted stock units at a reported price of $0.00 per share, rather than an open-market purchase or sale transaction.

What happens to the Dropbox (DBX) RSUs if Michael Ivan Torres ceases to be a Service Provider?
If Michael Ivan Torres ceases to be a Service Provider, any unvested restricted stock units will be cancelled by Dropbox. Only RSUs that have vested under the schedule through August 15, 2030 would remain deliverable as shares.

Was the Dropbox (DBX) RSU grant made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this RSU grant.

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SEC Form 4
FORM 4UNITED 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*
Torres Michael Ivan
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Product Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/01/2026A842,316(1)A$0842,316(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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. The restricted stock units vest quarterly over four years as follows: (i) 5.93% of the shares on November 15, 2026 and each three-month anniversary thereafter through August 15, 2027; (ii) 6.14% of the shares on November 15, 2027 and each three-month anniversary thereafter through August 15, 2028; (iii) 6.36% of the shares on November 15, 2028 and each three-month anniversary thereafter through August 15, 2029; and (iv) 6.57% of the shares on November 15, 2029 and each three-month anniversary thereafter through August 15, 2030.
2. 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 August 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-Fact09/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR