Dropbox (DBX) Co-CEO left with 1.03M shares after tax withholding

Rhea-AI Filing Summary

DROPBOX, INC. (DBX) reported an insider equity-related tax event by Co-CEO and director Ashraf Alkarmi. On 2026-08-17, 47,865 shares of Class A Common Stock were withheld by the issuer at $34.42 per share to satisfy tax withholding and remittance obligations tied to the vesting and net settlement of previously reported restricted stock units. Following this transaction, Alkarmi directly holds 1,032,881 shares of Class A Common Stock, including restricted stock units that vest on an applicable schedule through May 15, 2030 and are subject to cancellation if service ends.

Insider Trade Summary

Net Seller: 47,865 shares

Net Sell 1 txn

Insider Alkarmi Ashraf

Role Co-CEO

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1, F2	47,865	$34.42	$1.65M

Holdings After Transaction: Class A Common Stock — 1,032,881 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 May 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 tax: 47,865 shares Withholding price per share: $34.42 per share Shares held after transaction: 1,032,881 shares +2 more

5 metrics

Shares withheld for tax 47,865 shares Shares of Class A Common Stock withheld on 2026-08-17 to satisfy tax obligations on RSU vesting

Withholding price per share $34.42 per share Value used for shares withheld to satisfy tax withholding and remittance obligations

Shares held after transaction 1,032,881 shares Total direct Class A Common Stock holdings following the tax-withholding transaction

RSU vesting horizon May 15, 2030 Restricted stock units vest through this date, subject to continued service

Code F shares 47,865 shares Shares delivered or withheld for payment of tax liability under transaction code F

Key Terms

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

3 terms

restricted stock units financial

"Certain of these securities are restricted stock units."

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"

tax withholding and remittance obligations financial

"to satisfy tax withholding and remittance obligations in connection with the vesting"

FAQ

What insider transaction did DBX Co-CEO Ashraf Alkarmi report on August 17, 2026?

Co-CEO Ashraf Alkarmi reported 47,865 DBX shares withheld on 2026-08-17 to cover tax obligations from vesting restricted stock units. The shares were withheld at $34.42 per share as part of a net settlement process.

Was the August 2026 DBX insider transaction a market sale of shares?

No. The filing states the 47,865 DBX shares were withheld by Dropbox to satisfy tax withholding and remittance obligations related to vesting restricted stock units, rather than sold in an open-market transaction.

How many DBX shares does Ashraf Alkarmi hold after this Form 4 transaction?

After the reported event, Ashraf Alkarmi directly holds 1,032,881 shares of Dropbox Class A Common Stock. This total includes restricted stock units that vest on a schedule extending through May 15, 2030, subject to continued service.

What is the nature of the restricted stock units reported for DBX Co-CEO Ashraf Alkarmi?

The filing explains that certain holdings are restricted stock units, each representing a right to receive one Class A share. These units vest according to an applicable schedule through May 15, 2030 and are cancelled if Alkarmi stops being a service provider.

Does the DBX Form 4 indicate any derivative option exercises by Ashraf Alkarmi?

No derivative exercises are reported. The Form 4 shows no derivative transactions and classifies the single transaction as non-derivative Class A Common Stock, involving shares withheld for tax purposes related to RSU vesting.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 05:55 PM Accepted by SEC EDGAR 08/19/2026 - 05:54 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^*

Alkarmi Ashraf

(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)

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

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)		47,865	D	$34.42	1,032,881(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 May 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)