[Form 4] Dropbox, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Dropbox director Abhay Parasnis sold 1,782 shares of Class A common stock at $29.50 per share under a Rule 10b5-1 trading plan adopted May 21, 2025. The transaction occurred on 09/05/2025 and was reported on a Form 4 signed by an attorney-in-fact on 09/09/2025. After the sale, the reporting person beneficially owns 38,740 shares, some of which are restricted stock units that vest through May 15, 2026 (or the day before the company\'s next annual meeting). The filing notes that any unvested restricted stock units will be cancelled if the reporting person ceases to be a service provider.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating the sale was pre-planned and compliant with insider trading rules
• Full disclosure of restricted stock units and vesting schedule, providing transparency about future potential share issuance

Negative

• Reduction in director\'s direct holdings by 1,782 shares, which slightly decreases the reporting person\'s stake

Insights

Financial Analyst

TL;DR: Insignificant dilution; a routine director sale under a pre-established 10b5-1 plan, leaving a modest remaining stake.

The sale of 1,782 shares at $29.50 appears to be a planned disposition rather than an ad hoc trade, as it was executed under a 10b5-1 plan adopted May 21, 2025. The reported remaining beneficial ownership of 38,740 shares (including RSUs vesting through May 15, 2026) represents the director\'s continuing economic interest. For investors, this transaction is informational rather than transformational: it neither materially alters ownership nor signals an obvious change in company fundamentals based solely on the filing.

Corporate Governance Expert

TL;DR: Governance appears compliant; trade executed under a documented plan and properly disclosed.

The Form 4 indicates adherence to disclosure rules and use of a Rule 10b5-1 trading plan, which helps mitigate concerns about insider timing. The filing also discloses the nature and vesting schedule of restricted stock units, offering transparency about future potential stock issuance to the reporting person. No indications of accelerated vesting, grants, or other governance events are present in the document.

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^*

Parasnis Abhay

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S(1)		1,782	D	$29.5	38,740(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 21, 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 May 15, 2026 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	09/09/2025
	** 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 did Dropbox director Abhay Parasnis report on Form 4 (DBX)?

He reported the sale of 1,782 shares of Class A common stock at $29.50 per share on 09/05/2025 executed under a Rule 10b5-1 trading plan.

How many Dropbox (DBX) shares does the reporting person own after the sale?

The reporting person beneficially owns 38,740 shares following the reported transaction.

Were the shares sold as part of a 10b5-1 plan for DBX?

Yes. The filing states the sale was pursuant to a Rule 10b5-1 trading plan adopted May 21, 2025.

Do any restricted stock units remain for the reporting person at Dropbox?

Yes. Certain securities are restricted stock units that vest through May 15, 2026 or the day before the issuer\\'s next annual meeting; unvested units will be cancelled if the reporting person ceases to be a service provider.

When was the Form 4 signed and by whom?

The Form 4 was signed by an attorney-in-fact, Cara Angelmar, on 09/09/2025.