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Dropbox (DBX) CBO sells shares, more withheld for taxes

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

DROPBOX, INC. (DBX) reported insider transactions by Chief Business Officer Eric T. Webster in Class A Common Stock. On August 18, 2026, he sold 15,830 shares in open-market or private transactions at a weighted average price of $34.0931 per share, with individual trades between $34.05 and $34.23. On August 17, 2026, 14,820 shares were withheld by Dropbox to satisfy tax withholding and remittance obligations related to the vesting and net settlement of previously reported restricted stock units. Certain holdings are restricted stock units that each represent one share of Class A Common Stock and vest on a schedule continuing through November 15, 2029, with unvested units cancelled if Webster ceases to be a service provider.

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Insights

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Insider Webster Eric T
Role Chief Business Officer
Sold 15,830 shs ($540K)
Type Security Shares Price Value
Sale Class A Common Stock F3, F2 15,830 $34.0931 $540K
Tax Withholding Class A Common Stock F1, F2 14,820 $34.42 $510K
Holdings After Transaction: Class A Common Stock — 416,236 shares (Direct)
Footnotes (3)
  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 November 15, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
  3. F3. This transaction was executed in multiple trades at prices ranging from $34.05 to $34.23. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Shares sold 15,830 shares Class A Common Stock sale on August 18, 2026
Sale price (weighted average) $34.0931 per share Weighted average price for 15,830-share sale on August 18, 2026
Tax-withholding shares 14,820 shares Shares withheld for tax obligations on August 17, 2026
Tax-withholding price $34.4200 per share Price used for 14,820-share tax-withholding transaction on August 17, 2026
RSU vesting end date November 15, 2029 Restricted stock units vest through this date, subject to continued service
Sale price range $34.05–$34.23 per share Price range for trades comprising the 15,830-share sale
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"
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
tax withholding and remittance obligations financial
"to satisfy tax withholding and remittance obligations in connection with the vesting"

FAQ

What insider transactions did DBX Chief Business Officer Eric T. Webster report?
Eric T. Webster reported a sale of 15,830 Dropbox Class A shares on August 18, 2026, at a weighted average price of $34.0931 per share, plus 14,820 shares withheld on August 17, 2026, to cover tax obligations from restricted stock unit vesting.

How many Dropbox (DBX) shares did Eric T. Webster sell on August 18, 2026?
He sold 15,830 shares of Dropbox Class A Common Stock on August 18, 2026 at a weighted average price of $34.0931 per share, with trades executed between $34.05 and $34.23 per share.

What was the purpose of the 14,820 DBX shares disposed of on August 17, 2026?
The 14,820 shares of Dropbox Class A Common Stock on August 17, 2026 were withheld by the issuer to satisfy tax withholding and remittance obligations tied to the vesting and net settlement of previously reported restricted stock units.

At what prices were Eric T. Webster’s DBX share sales executed?
The August 18, 2026 sale of 15,830 shares had a weighted average price of $34.0931 per share, with multiple trades executed in a $34.05–$34.23 price range, as disclosed in the transaction footnote.

What is the vesting schedule for Eric T. Webster’s Dropbox (DBX) restricted stock units?
Certain of Webster’s holdings are restricted stock units, each representing one Class A share, subject to a vesting schedule running through November 15, 2029. Any unvested units will be cancelled if he ceases to be a service provider.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Webster Eric 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Business 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/17/2026F(1)14,820D$34.42432,066(2)D
Class A Common Stock08/18/2026S15,830D$34.0931(3)416,236(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 November 15, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
3. This transaction was executed in multiple trades at prices ranging from $34.05 to $34.23. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Remarks:
/s/ Cara Angelmar, Attorney-in-Fact08/19/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR