Dropbox CTO granted 40,152 RSUs in stock award
Dasdan Ali reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 40,152 | $0.00 | $0.00 |
Footnotes (2)
- 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 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.
- 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 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
Key Terms
restricted stock units financial
vest financial
Service Provider financial
Class A Common Stock financial
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