Were Andrew William Moore’s Dropbox (DBX) share sales made under a trading plan?

Yes. A footnote states that certain shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Moore on May 29, 2025 . Such plans pre-schedule trades, suggesting these transactions followed a pre-arranged program rather than ad hoc decisions.

Dropbox (DBX) director Andrew Moore sells 8,443 shares, exits direct holding

Q: What did Dropbox (DBX) director Andrew William Moore report in this Form 4?

Andrew William Moore reported selling 8,443 shares of Dropbox Class A Common Stock in two open-market transactions on May 18, 2026 . These sales were reported as direct holdings and were executed at weighted average prices around $27 per share.

Q: How many Dropbox (DBX) shares did Andrew William Moore hold after these transactions?

The Form 4 shows that Moore held 0 shares of Dropbox Class A Common Stock directly after the reported transactions. The two sales together totaled 8,443 shares , and the final post-transaction ownership entry lists no remaining directly held shares.

Q: Does the Form 4 for Dropbox (DBX) mention how the sales were executed?

The filing describes both transactions as open-market sales of Class A Common Stock. Footnotes explain that each was executed in multiple trades within specified price ranges, and the reported prices are the weighted average sale prices across those trades.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Dropbox director Andrew William Moore reported selling 8,443 shares of Class A Common Stock in open-market transactions. The sales occurred on May 18, 2026 at weighted average prices of $27.27 and $27.80, executed in multiple trades within disclosed price ranges.

The filing shows that, after these transactions, Moore no longer holds any shares of Dropbox Class A Common Stock directly. One sale was executed under a Rule 10b5-1 trading plan adopted on May 29, 2025, indicating the trades were pre-arranged rather than opportunistic.

Insider Trade Summary 10b5-1

Net Seller: 8,443 shares ($232,783)

Net Sell 2 txns

Insider Moore Andrew William

Role null

Sold 8,443 shs ($233K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,706	$27.2727	$101K
Sale	Class A Common Stock	4,737	$27.8047	$132K

Holdings After Transaction: Class A Common Stock — 4,737 shares (Direct, null)

Footnotes (1)

These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2025. This transaction was executed in multiple trades at prices ranging from $26.55 to $27.54. 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. This transaction was executed in multiple trades at prices ranging from $27.55 to $28.02. 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.

Key Figures

Total shares sold: 8,443 shares First sale size: 4,737 shares Second sale size: 3,706 shares +5 more

8 metrics

Total shares sold 8,443 shares Net shares sold in reported May 18, 2026 transactions

First sale size 4,737 shares Class A Common Stock, open-market sale on May 18, 2026

Second sale size 3,706 shares Class A Common Stock, open-market sale on May 18, 2026

Weighted average price 1 $27.8047 per share Open-market sale of 4,737 shares, multiple trades

Weighted average price 2 $27.2727 per share Open-market sale of 3,706 shares, multiple trades

Post-transaction direct holdings 0 shares Class A Common Stock directly held after reported sales

10b5-1 plan adoption date May 29, 2025 Date Moore adopted Rule 10b5-1 trading plan cited in footnote

Price range (trade group 1) $26.55–$27.54 Range of individual trade prices in one reported sale

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, open-market sale, Class A Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

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

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.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"security_title": "Class A Common Stock""

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.

multiple trades financial

"This transaction was executed in multiple trades at prices ranging from..."

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:30 PM

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^*

Moore Andrew William

(Last)

(First)

(Middle)

1800 OWENS STREET

SUITE 200

(Street)

SAN FRANCISCO

CALIFORNIA

94158

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		S⁽¹⁾		3,706	D	$27.2727⁽²⁾	4,737	D
Class A Common Stock	05/18/2026		S⁽¹⁾		4,737	D	$27.8047⁽³⁾	0	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2025.

2. This transaction was executed in multiple trades at prices ranging from $26.55 to $27.54. 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.

3. This transaction was executed in multiple trades at prices ranging from $27.55 to $28.02. 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.

Remarks:

	/s/ Cara Angelmar, Attorney-in-Fact	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Dropbox (DBX) director Andrew William Moore report in this Form 4?

Andrew William Moore reported selling 8,443 shares of Dropbox Class A Common Stock in two open-market transactions on May 18, 2026. These sales were reported as direct holdings and were executed at weighted average prices around $27 per share.

At what prices did Andrew William Moore sell Dropbox (DBX) shares?

Moore’s reported sales occurred at weighted average prices of $27.2727 and $27.8047 per share. Each sale was executed through multiple trades, with price ranges from $26.55–$27.54 and $27.55–$28.02, as detailed in the filing’s footnotes.

How many Dropbox (DBX) shares did Andrew William Moore hold after these transactions?

The Form 4 shows that Moore held 0 shares of Dropbox Class A Common Stock directly after the reported transactions. The two sales together totaled 8,443 shares, and the final post-transaction ownership entry lists no remaining directly held shares.

Does the Form 4 for Dropbox (DBX) mention how the sales were executed?

The filing describes both transactions as open-market sales of Class A Common Stock. Footnotes explain that each was executed in multiple trades within specified price ranges, and the reported prices are the weighted average sale prices across those trades.