STOCK TITAN

[Form 4] DROPBOX, INC. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, Inc. (DBX), reported a sale of 1,066 shares of Class A Common Stock on 09/15/2025 at a price of $30.87 per share. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted May 16, 2025. After the reported transaction the reporting person beneficially owns 106,789 shares, some of which are restricted stock units that vest through February 15, 2029 and will be canceled if the reporting person ceases to be a service provider. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Sarah Elizabeth Schubach, Chief Accounting Officer di Dropbox, Inc. (DBX), ha riferito la vendita di 1.066 azioni di Class A Common Stock il 15/09/2025 al prezzo di $30,87 per azione. La dichiarazione indica che la vendita è stata eseguita nell'ambito di un piano di negoziazione Rule 10b5-1 adottato il 16 maggio 2025. Dopo l'operazione riportata, la persona che segnala detiene beneficiariamente 106.789 azioni, alcune delle quali sono unità di stock azioni vincolate che maturano entro il 15 febbraio 2029 e saranno annullate se il soggetto non è più un fornitore di servizi. Il Form 4 è stato firmato da un procuratore-in-fatto il 17/09/2025.

Sarah Elizabeth Schubach, Directora de Contabilidad de Dropbox, Inc. (DBX), informó la venta de 1.066 acciones de Class A Common Stock el 15/09/2025 a un precio de $30,87 por acción. El documento indica que la venta se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 16 de mayo de 2025. Tras la transacción reportada, la persona que presenta el informe posee beneficiosamente 106.789 acciones, algunas de las cuales son unidades de acciones restringidas que vencen o maduran el 15 de febrero de 2029 y serán canceladas si la persona que informa deja de ser prestadora de servicios. El Formulario 4 fue firmado por un apoderado el 17/09/2025.

Sarah Elizabeth Schubach는 Dropbox, Inc. (DBX)의 최고회계책임자로서 2025년 9월 15일에 주당 $30.87의 가격으로 1,066주의 Class A 보통주를 매각했다고 보고했습니다. 공시에는 매도가 2025년 5월 16일에 채택된 Rule 10b5-1 거래계획에 따라 실행되었다고 명시되어 있습니다. 보고된 거래 후 보고자는 106,789주의 유익한 소유권을 보유하고 있으며, 그 중 일부는 2029년 2월 15일까지 비가용 주식 단위로 vesting되며, 보고자가 서비스 제공자 지위를 상실하면 취소됩니다. 양식 4(Form 4)는 2025년 9월 17일에 대리인에 의해 서명되었습니다.

Sarah Elizabeth Schubach, Directrice comptable de Dropbox, Inc. (DBX), a déclaré la vente de 1 066 actions de Class A Common Stock le 15/09/2025 à un prix de 30,87 $ par action. Le document indique que la vente a été effectuée dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 16 mai 2025. Après la transaction signalée, la personne qui déclare détient bénéficairement 106 789 actions, dont certaines sont des unités d’options restreintes qui s’acquièrent jusqu’au 15 février 2029 et seront annulées si la personne qui déclare cesse d’être prestataire de services. Le Form 4 a été signé par un mandataire le 17/09/2025.

Sarah Elizabeth Schubach, Chief Accounting Officer von Dropbox, Inc. (DBX), berichtete über den Verkauf von 1.066 Aktien der Class A Common Stock am 15.09.2025 zu einem Preis von 30,87 $ pro Aktie. Die Einreichung gibt an, dass der Verkauf im Rahmen eines Rule 10b5-1-Handelsplans erfolgte, der am 16. Mai 2025 aufgenommen wurde. Nach der gemeldeten Transaktion besitzt die meldende Person börsennachweislich 106.789 Aktien, von denen einige Restricted Stock Units sind, die bis zum 15. Februar 2029 vesten und storniert werden, wenn die meldende Person nicht mehr als Serviceanbieter tätig ist. Das Formular 4 wurde von einem Bevollmächtigten am 17.09.2025 unterzeichnet.

Sarah Elizabeth Schubach، رئيسة قسم المحاسبة في Dropbox, Inc. (DBX)، أعلنت عن بيع 1,066 سهمًا من أسهم Class A Common Stock في 15/09/2025 بسعر $30.87 للسهم الواحد. وتذكر الإيداع أن البيع تم تنفيذُه وفق خطة تجارة Rule 10b5-1 التي اعتمدت في 16 مايو 2025. بعد الصفقة المعلنة، تملك الشخص المُبلغ عنه 106,789 سهمًا بشكل مستفيد، وبعضها وحدات أسهم مقيدة تستحق vesting حتى 15 فبراير 2029 وسيُلغى إذا توقّف الشخص البلاغ عن أن يكون مقدم خدمات. تم توقيع النموذج 4 من قبل وكيل رسمي في 17/09/2025.

Sarah Elizabeth Schubach,Dropbox, Inc. (DBX) 的首席会计官,报告以每股 $30.87 的价格在 2025/09/15 出售了 1,066 股 A 类普通股。该披露声明,该交易是在于 2025 年 5 月 16 日 通过 Rule 10b5-1 交易计划 实施的。报告人完成交易后,实际拥有 106,789 股,其中部分为在 2029 年 2 月 15 日前归属的受限制股票单位,若报告人不再提供服务则将被取消。Form 4 由代理人于 2025/09/17 签署。

Positive
  • Sale executed under a Rule 10b5-1 trading plan, indicating the transaction was pre-planned
  • Reporting discloses restricted stock units with vesting schedule through 02/15/2029, clarifying nature of holdings
Negative
  • None.

Insights

TL;DR: Insider sold a small portion of holdings under a pre-established 10b5-1 plan; ownership remains substantial.

The sale of 1,066 shares at $30.87 represents roughly 1% of the post-transaction beneficial holdings (106,789 shares). Because the transaction was executed under a Rule 10b5-1 plan, it is a pre-planned disposition rather than an ad hoc sale, which typically reduces negative signaling. There is no financial performance data in this filing to change valuation assessments; this Form 4 only updates insider ownership and the presence of unvested restricted stock units with vesting through 02/15/2029.

TL;DR: Disclosure follows standard governance practice; use of 10b5-1 plan suggests procedural compliance.

The reporting identifies the seller as the Chief Accounting Officer and discloses that the sale was made pursuant to a 10b5-1 trading plan adopted on 05/16/2025, which supports compliance with insider trading policies. The filing also clarifies that certain holdings are restricted stock units subject to vesting through 02/15/2029. The Form 4 includes an attorney-in-fact signature, indicating the filing was executed on behalf of the reporting person.

Sarah Elizabeth Schubach, Chief Accounting Officer di Dropbox, Inc. (DBX), ha riferito la vendita di 1.066 azioni di Class A Common Stock il 15/09/2025 al prezzo di $30,87 per azione. La dichiarazione indica che la vendita è stata eseguita nell'ambito di un piano di negoziazione Rule 10b5-1 adottato il 16 maggio 2025. Dopo l'operazione riportata, la persona che segnala detiene beneficiariamente 106.789 azioni, alcune delle quali sono unità di stock azioni vincolate che maturano entro il 15 febbraio 2029 e saranno annullate se il soggetto non è più un fornitore di servizi. Il Form 4 è stato firmato da un procuratore-in-fatto il 17/09/2025.

Sarah Elizabeth Schubach, Directora de Contabilidad de Dropbox, Inc. (DBX), informó la venta de 1.066 acciones de Class A Common Stock el 15/09/2025 a un precio de $30,87 por acción. El documento indica que la venta se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 16 de mayo de 2025. Tras la transacción reportada, la persona que presenta el informe posee beneficiosamente 106.789 acciones, algunas de las cuales son unidades de acciones restringidas que vencen o maduran el 15 de febrero de 2029 y serán canceladas si la persona que informa deja de ser prestadora de servicios. El Formulario 4 fue firmado por un apoderado el 17/09/2025.

Sarah Elizabeth Schubach는 Dropbox, Inc. (DBX)의 최고회계책임자로서 2025년 9월 15일에 주당 $30.87의 가격으로 1,066주의 Class A 보통주를 매각했다고 보고했습니다. 공시에는 매도가 2025년 5월 16일에 채택된 Rule 10b5-1 거래계획에 따라 실행되었다고 명시되어 있습니다. 보고된 거래 후 보고자는 106,789주의 유익한 소유권을 보유하고 있으며, 그 중 일부는 2029년 2월 15일까지 비가용 주식 단위로 vesting되며, 보고자가 서비스 제공자 지위를 상실하면 취소됩니다. 양식 4(Form 4)는 2025년 9월 17일에 대리인에 의해 서명되었습니다.

Sarah Elizabeth Schubach, Directrice comptable de Dropbox, Inc. (DBX), a déclaré la vente de 1 066 actions de Class A Common Stock le 15/09/2025 à un prix de 30,87 $ par action. Le document indique que la vente a été effectuée dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 16 mai 2025. Après la transaction signalée, la personne qui déclare détient bénéficairement 106 789 actions, dont certaines sont des unités d’options restreintes qui s’acquièrent jusqu’au 15 février 2029 et seront annulées si la personne qui déclare cesse d’être prestataire de services. Le Form 4 a été signé par un mandataire le 17/09/2025.

Sarah Elizabeth Schubach, Chief Accounting Officer von Dropbox, Inc. (DBX), berichtete über den Verkauf von 1.066 Aktien der Class A Common Stock am 15.09.2025 zu einem Preis von 30,87 $ pro Aktie. Die Einreichung gibt an, dass der Verkauf im Rahmen eines Rule 10b5-1-Handelsplans erfolgte, der am 16. Mai 2025 aufgenommen wurde. Nach der gemeldeten Transaktion besitzt die meldende Person börsennachweislich 106.789 Aktien, von denen einige Restricted Stock Units sind, die bis zum 15. Februar 2029 vesten und storniert werden, wenn die meldende Person nicht mehr als Serviceanbieter tätig ist. Das Formular 4 wurde von einem Bevollmächtigten am 17.09.2025 unterzeichnet.

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).
1. Name and Address of Reporting Person*
Schubach Sarah Elizabeth

(Last) (First) (Middle)
1800 OWENS STREET

(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 Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
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 09/15/2025 S(1) 1,066 D $30.87 106,789(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 16, 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 units will be cancelled by the Issuer.
Remarks:
/s/ Cara Angelmar, Attorney-in-Fact 09/17/2025
** 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 DBX Chief Accounting Officer Sarah Schubach report?

She reported a sale of 1,066 shares of Class A Common Stock on 09/15/2025 at $30.87 per share.

Was the DBX share sale by Sarah Schubach part of a pre-arranged plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on 05/16/2025.

How many DBX shares does the reporting person own after the transaction?

The Form 4 reports beneficial ownership of 106,789 shares following the reported sale.

Are any of the reported DBX holdings restricted or subject to vesting?

Yes. The filing notes that certain securities are restricted stock units that vest through 02/15/2029 and will be canceled if the reporting person ceases to be a service provider.

Who signed the Form 4 filing for Sarah Schubach?

The Form 4 was signed by /s/ Cara Angelmar, Attorney-in-Fact on 09/17/2025.

Does the Form 4 disclose any derivative transactions by the reporting person?

No. Table II for derivative securities contains no reported transactions in this filing.
Dropbox

NASDAQ:DBX

DBX Rankings

DBX Latest News

DBX Latest SEC Filings

DBX Stock Data

8.43B
181.68M
6.11%
106.57%
6.42%
Software - Infrastructure
Services-prepackaged Software
Link
United States
SAN FRANCISCO