Dropbox (DBX) CTO receives 40,152 restricted stock units in new equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dasdan Ali reported acquisition or exercise transactions in this Form 4 filing.
Dropbox, Inc. Chief Technology Officer Ali Dasdan received a grant of 40,152 Class A common shares in the form of restricted stock units. The award carries no cash cost to him and increases his direct holdings to 539,531 shares.
The restricted stock units vest over five years. According to the vesting schedule, 18.75% of the award vests on February 15, 2029 and on each three-month anniversary through November 15, 2029, and 6.25% vests on February 15, 2030 and on each three-month anniversary through November 15, 2030. Unvested units are cancelled if he ceases to be a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dasdan Ali
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 40,152 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 539,531 shares (Direct)
Footnotes (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 over five years as follows: (i) 18.75% of the shares on February 15, 2029 and each three-month anniversary thereafter through November 15, 2029; and (ii) 6.25% of the shares on February 15, 2030 and each three-month anniversary thereafter through November 15, 2030. 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 November 15, 2030. 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.
Key Figures
RSU grant size: 40,152 shares
Post-transaction holdings: 539,531 shares
Initial vesting rate: 18.75%
+2 more
5 metrics
RSU grant size
40,152 shares
Restricted stock units of Class A Common Stock granted to CTO
Post-transaction holdings
539,531 shares
Total Class A Common Stock held directly after grant
Initial vesting rate
18.75%
Portion of RSUs vesting on February 15, 2029 and each three-month anniversary through November 15, 2029
Final vesting rate
6.25%
Portion of RSUs vesting on February 15, 2030 and each three-month anniversary through November 15, 2030
Vesting period end
November 15, 2030
Final scheduled vesting date for the restricted stock units
Key Terms
restricted stock units, vest, Service Provider, Class A Common Stock
4 terms
restricted stock units financial
"These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share"
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.
vest financial
"The restricted stock units vest over five years as follows: (i) 18.75% of the shares on February 15, 2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Service Provider financial
"In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock awards and restricted stock units will be cancelled"
Class A Common Stock financial
"Each restricted stock unit represents the Reporting Person's right to receive one share of 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.
