Dropbox (NASDAQ: DBX) CLO sees 16,833 shares withheld for taxes

Rhea-AI Filing Summary

DROPBOX, INC. (DBX) reported that Chief Legal Officer William T. Yoon had 16,833 shares of Class A common stock withheld on 2026-08-17 to satisfy tax withholding and remittance obligations from the vesting and net settlement of previously reported restricted stock units. After this withholding, he directly holds 350,130 shares of Class A common stock, including restricted stock units that vest on a schedule extending through February 15, 2030, each RSU representing the right to receive one share, subject to continued service.

Insider Trade Summary

Net Seller: 16,833 shares

Net Sell 1 txn

Insider Yoon William T

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1, F2	16,833	$34.42	$579K

Holdings After Transaction: Class A Common Stock — 350,130 shares (Direct)

Footnotes (2)

1. F1. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
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 February 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.

Key Figures

Shares withheld for taxes: 16,833 shares Price per share for withholding: $34.42 per share Shares held after transaction: 350,130 shares +2 more

5 metrics

Shares withheld for taxes 16,833 shares Class A Common Stock withheld on 2026-08-17 for tax withholding obligations (code F)

Price per share for withholding $34.42 per share Value used for the 16,833 withheld Class A shares

Shares held after transaction 350,130 shares Direct Class A holdings of William T. Yoon following the 2026-08-17 transaction

RSU vesting end date February 15, 2030 Restricted stock units vest on a schedule through this date

RSU-to-share ratio 1 RSU : 1 share Each restricted stock unit represents the right to receive one share of Class A Common Stock

Key Terms

restricted stock units, net settlement, tax withholding and remittance obligations, Service Provider

4 terms

restricted stock units financial

"Certain of 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.

net settlement financial

"in connection with the vesting and net settlement of restricted stock units previously"

tax withholding and remittance obligations financial

"shares that have been withheld by the Issuer to satisfy tax withholding and remittance"

Service Provider regulatory

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

FAQ

What transaction did Dropbox (DBX) disclose for Chief Legal Officer William T. Yoon?

Dropbox disclosed that William T. Yoon had 16,833 Class A shares withheld on 2026-08-17 to cover tax withholding obligations from vesting restricted stock units. This was a code F tax-withholding disposition, not an open-market sale.

How many Dropbox (DBX) shares does William T. Yoon hold after this Form 4 transaction?

After the reported transaction, William T. Yoon directly holds 350,130 shares of Dropbox Class A common stock. This figure includes shares underlying restricted stock units that remain subject to their vesting schedule and continued service conditions through February 15, 2030.

Was the Dropbox (DBX) Form 4 transaction by William T. Yoon a market sale?

No. The filing states the transaction was a code F event, where 16,833 shares were withheld to satisfy tax withholding and remittance obligations tied to restricted stock unit vesting, rather than a discretionary open-market purchase or sale.

What do the restricted stock units reported for Dropbox (DBX) executive William T. Yoon represent?

The filing explains that certain securities are restricted stock units, each representing the right to receive one share of Dropbox Class A common stock. These RSUs vest on a schedule extending through February 15, 2030, and unvested units are cancelled if service ends.

Why were 16,833 Dropbox (DBX) shares withheld for William T. Yoon?

The company states that 16,833 shares were withheld to satisfy tax withholding and remittance obligations arising from the vesting and net settlement of previously reported restricted stock units, a common mechanism to cover taxes without requiring cash from the executive.

Does the Dropbox (DBX) Form 4 mention a Rule 10b5-1 trading plan for this transaction?

No. The document-level Rule 10b5-1 checkbox is unchecked, and the footnotes do not describe this as a pre-arranged trading plan. The transaction is characterized specifically as a tax-withholding event on RSU vesting.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 05:43 PM Accepted by SEC EDGAR 08/19/2026 - 05:42 PM 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^*

Yoon William T

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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	08/17/2026		F(1)		16,833	D	$34.42	350,130(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. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.

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 February 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-Fact	08/19/2026
	** 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)