[Form 4] DROPBOX, INC. Insider Trading Activity

Rhea-AI Filing Summary

Dropbox, Inc. (DBX) Chief Technology Officer reported a sale of Class A Common Stock in a routine insider transaction. On 11/24/2025, the executive sold 5,666 shares at $30 per share, coded as an open market sale and executed under a Rule 10b5-1 trading plan adopted on May 12, 2025. Following this trade, the officer beneficially owns 520,474 shares of Class A Common Stock.

The holdings include restricted stock units, each representing the right to receive one share of Class A Common Stock, subject to a vesting schedule through February 15, 2029. Any unvested restricted stock awards and restricted stock units will be cancelled if the officer ceases to be a service provider to Dropbox.

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).

X

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^*

Dasdan Ali

(Last) (First) (Middle)

1800 OWENS STREET

SUITE 200

(Street)

SAN FRANCISCO CA 94158

(City) (State) (Zip)

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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	11/24/2025		S(1)		5,666	D	$30	520,474(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 shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2025.

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, 2029. 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.

Remarks:

	/s/ Cara Angelmar, Attorney-in-Fact	11/26/2025
	** 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.

FAQ

What insider transaction did Dropbox (DBX) disclose in this Form 4?

The Chief Technology Officer of Dropbox, Inc. (DBX) reported selling 5,666 shares of Class A Common Stock on 11/24/2025 at $30 per share in an open market sale.

Who is the reporting person in the Dropbox (DBX) Form 4 and what is their role?

The reporting person is an officer of Dropbox, Inc., serving as the company’s Chief Technology Officer.

How many Dropbox (DBX) shares does the CTO beneficially own after the sale?

After the reported transaction, the Dropbox CTO beneficially owns 520,474 shares of Class A Common Stock, including certain restricted stock units.

Was the Dropbox (DBX) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states that the 5,666 shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.

What are the key terms of the Dropbox (DBX) restricted stock units held by the CTO?

The filing explains that certain securities are restricted stock units, each representing the right to receive one share of Class A Common Stock, subject to a vesting schedule through February 15, 2029.

What happens to the unvested Dropbox (DBX) restricted stock units if the CTO leaves the company?

If the reporting person ceases to be a service provider, the unvested restricted stock awards and restricted stock units will be cancelled by Dropbox.