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Dropbox (DBX) director Michael Seibel awarded 9,071 RSUs in latest Form 4

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

Rhea-AI Filing Summary

Seibel Michael reported acquisition or exercise transactions in this Form 4 filing.

Dropbox, Inc. director Michael Seibel reported an equity grant of 9,071 restricted stock units (RSUs) tied to Class A Common Stock. Each RSU represents the right to receive one share. The RSUs vest in full on the earlier of May 21, 2027 or the day before Dropbox’s next annual stockholder meeting. If he stops serving as a Service Provider before then, any unvested RSUs will be cancelled. Following this grant, he holds 65,333 Class A shares, including previously awarded RSUs subject to vesting schedules through the same date trigger.

Positive

  • None.

Negative

  • None.
Insider Seibel Michael
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 9,071 $0.00 --
Holdings After Transaction: Class A Common Stock — 65,333 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.
RSUs granted 9,071 units Restricted stock units representing Class A Common Stock
Grant price $0.00 per share Reported transaction price per RSU
Shares after transaction 65,333 shares Total Class A holdings following the RSU grant
RSU vesting trigger date May 21, 2027 Vests on this date or the day before next annual meeting
restricted stock units financial
"These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share"
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.
Class A Common Stock financial
"Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Service Provider financial
"In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled"
annual meeting of stockholders financial
"the day prior to the date of the Issuer's next annual meeting of stockholders"
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*
Seibel Michael
(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$065,333(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 did Dropbox (DBX) director Michael Seibel report in this Form 4?

Michael Seibel reported receiving 9,071 restricted stock units in Dropbox Class A Common Stock. These RSUs are a stock-based compensation award and increase his total reported Class A share holdings to 65,333, subject to the vesting conditions described in the filing’s footnotes.

How many Dropbox (DBX) shares did Michael Seibel acquire in this transaction?

He acquired 9,071 restricted stock units, each representing the right to receive one Dropbox Class A share. The award was recorded at a price of $0.00 per unit, reflecting a grant or award rather than an open-market purchase for cash consideration.

When do Michael Seibel’s new Dropbox RSUs vest according to the Form 4?

The 9,071 restricted stock units vest in full on the earlier of May 21, 2027 or the day before Dropbox’s next annual meeting of stockholders. This creates a single vesting date tied to either a fixed calendar date or the company’s next annual meeting timing.

What happens to Michael Seibel’s unvested Dropbox RSUs if he leaves the company?

If Michael Seibel ceases to be a Service Provider before vesting, any unvested restricted stock units will be cancelled. This means continued service is required to earn the underlying Dropbox Class A shares associated with the RSU awards disclosed in the Form 4.

How many Dropbox Class A shares does Michael Seibel hold after this Form 4 transaction?

After this grant, he is reported as holding 65,333 Dropbox Class A shares. This total includes previously granted restricted stock units that remain subject to vesting schedules extending through May 21, 2027 or the day prior to the next annual meeting.

Is Michael Seibel’s Dropbox Form 4 transaction a market buy or sell of shares?

No, it is reported as a grant or award acquisition under transaction code A. The filing shows restricted stock units awarded at a price of $0.00 per share, rather than an open-market purchase or sale of Dropbox Class A Common Stock.