Dropbox director granted 9,071 RSUs in stock award

Peacock Karen reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Peacock Karen reported acquisition or exercise transactions in this Form 4 filing.

Dropbox director Karen Peacock received a stock-based award. She was granted 9,071 restricted stock units (RSUs) of Class A Common Stock at no cash cost, increasing her direct holdings to 26,366 shares/units. The new RSUs vest in full on the earlier of May 21, 2027 or the day before Dropbox’s next annual shareholder meeting, and unvested units are forfeited if her service ends.

Insider Trade Summary

Grant/Award: 9,071 shares

Grant/Award 1 txn

Insider Peacock Karen

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	9,071	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 26,366 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 in full on the earlier of May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders.
2. 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 May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

Key Figures

RSUs granted: 9,071 RSUs Holdings after grant: 26,366 shares/RSUs Vesting date: May 21, 2027 +2 more

5 metrics

RSUs granted 9,071 RSUs Restricted stock unit award on May 21, 2026

Holdings after grant 26,366 shares/RSUs Total direct Class A Common Stock position following transaction

Vesting date May 21, 2027 RSUs vest on this date or the day before the next annual meeting

Transaction price $0.00 per share RSU grant is compensation, not a cash purchase

Acquisition type Grant/award acquisition Form 4 transaction code A for non-market award

Key Terms

restricted stock units, Class A Common Stock, Service Provider

3 terms

restricted stock units financial

"These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right"

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.

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.

Service Provider financial

"In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Dropbox (DBX) director Karen Peacock report in this Form 4?

Karen Peacock reported receiving 9,071 restricted stock units (RSUs) of Dropbox Class A Common Stock as a grant. These RSUs are a form of stock-based compensation that convert into shares over time if vesting conditions tied to her board service are met.

How many Dropbox (DBX) shares does Karen Peacock hold after this transaction?

After the RSU grant, Karen Peacock holds 26,366 shares or RSUs of Dropbox Class A Common Stock directly. This total includes previously granted RSUs that continue to vest according to their schedules, as well as the new 9,071-unit award reported in the filing.

What are the vesting terms for Karen Peacock’s new Dropbox (DBX) RSU grant?

The 9,071 RSUs vest in full on the earlier of May 21, 2027 or the day before Dropbox’s next annual shareholder meeting. If Peacock stops serving as a Service Provider before vesting, any remaining unvested restricted stock units are automatically cancelled.

Did Karen Peacock buy Dropbox (DBX) shares on the open market in this Form 4?

No, this Form 4 reports a grant of restricted stock units with a per-share price of $0.00, not an open-market purchase. RSUs are compensation that settle into shares over time, rather than shares bought for cash in market transactions.

What happens to Karen Peacock’s unvested Dropbox (DBX) RSUs if her service ends?

If Karen Peacock ceases to be a Service Provider to Dropbox, any unvested restricted stock units are cancelled. Only RSUs that have already vested convert into Class A Common Stock, while unvested awards do not result in share delivery.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/26/2026 - 04:50 PM EDT Learn about SEC filing dates

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^*

Peacock Karen

(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)
05/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/21/2026		A		9,071(1)	A	$0	26,366(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 in full on the earlier of May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders.

2. 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 May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders. 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-Fact	05/26/2026
	** 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)