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Dropbox (DBX) director receives 9,071 restricted stock units award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Parasnis Abhay reported acquisition or exercise transactions in this Form 4 filing.

Dropbox director Abhay Parasnis received a grant of 9,071 restricted stock units, each representing one share of Class A Common Stock, at no cash cost per share. Following this award, he directly holds 47,811 shares and units in total.

The new restricted stock units vest in full on the earlier of May 21, 2027 or the day prior to Dropbox’s next annual meeting of stockholders. Existing restricted stock units are subject to a similar vesting schedule, and any unvested units will be cancelled if he ceases to be a Service Provider.

Positive

  • None.

Negative

  • None.
Insider Parasnis Abhay
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 9,071 $0.00 --
Holdings After Transaction: Class A Common Stock — 47,811 shares (Direct, null)
Footnotes (1)
  1. 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. The restricted stock units vest in full on the earlier of May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders. 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 21, 2027 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.
Restricted stock units granted 9,071 units Award of Class A Common Stock-linked RSUs on May 21, 2026
Total holdings after transaction 47,811 shares/units Direct ownership following the reported equity award
Grant price per share $0.0000 per share No cash price paid for the restricted stock unit award
Vesting deadline May 21, 2027 Units vest on this date or the day prior to the next annual meeting, whichever comes first
restricted stock units financial
"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."
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.
vest in full financial
"The restricted stock units vest in full on the earlier of May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders."
Service Provider financial
"In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer."
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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*
Parasnis Abhay
(Last)(First)(Middle)
1800 OWENS STREET
SUITE 200
(Street)
SAN FRANCISCO CALIFORNIA 94158
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		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 Stock05/21/2026A9,071(1)A$047,811(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. 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. The restricted stock units vest in full on the earlier of May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders.
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 21, 2027 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-Fact05/26/2026
** 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

FAQ

What insider transaction did Dropbox (DBX) director Abhay Parasnis report?

Abhay Parasnis reported an acquisition of 9,071 restricted stock units. Each unit represents the right to receive one share of Dropbox Class A Common Stock, granted at no cash price per share, as part of his director compensation package subject to future vesting.

How many Dropbox (DBX) shares does Abhay Parasnis hold after this grant?

After the grant, Abhay Parasnis holds 47,811 shares and units. This total reflects his direct ownership of Dropbox Class A Common Stock and related restricted stock units as reported in the filing, giving a snapshot of his current equity position with the company.

When do Abhay Parasnis’s new Dropbox (DBX) restricted stock units vest?

The new restricted stock units vest in full by May 21, 2027 at the latest. Vesting occurs on the earlier of that date or the day prior to Dropbox’s next annual stockholder meeting, aligning his equity compensation with the company’s governance calendar.

What happens to Dropbox (DBX) restricted stock units if Abhay Parasnis stops serving?

Unvested restricted stock units are cancelled if he ceases to be a Service Provider. His right to receive the underlying Dropbox Class A shares depends on remaining in service through the applicable vesting dates described in the award’s schedule.

Are Abhay Parasnis’s Dropbox (DBX) restricted stock units one-for-one with shares?

Each restricted stock unit corresponds to one Dropbox Class A share. Once vested, every unit entitles him to receive a single share, subject to the terms and vesting conditions of the company’s equity award documentation.