[Form 4] Dropbox, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ali Dasdan, Chief Technology Officer of Dropbox, Inc. (DBX), sold 12,812 shares of Class A Common Stock on 09/08/2025 at $30 per share under a Rule 10b5-1 trading plan. After the sale he is reported to beneficially own 551,060 shares. The filing notes that some of the reported shares are restricted stock units that convert to one share each subject to vesting through February 15, 2029, and that unvested awards will be cancelled if he ceases to be a service provider. The sale was reported on a Form 4 signed by an attorney-in-fact on 09/10/2025.

Insights

Corporate Governance Expert

TL;DR: Officer sale executed under a pre-established 10b5-1 plan indicates compliance with insider trading rules; transaction appears routine.

Dasdan's disclosed sale of 12,812 shares under a Rule 10b5-1 plan demonstrates use of an affirmative-defense trading arrangement, which reduces insider trading risk when properly adopted. The filing confirms continued significant beneficial ownership of 551,060 shares and highlights the presence of restricted stock units vesting through 02/15/2029, which is typical for executive compensation. From a governance perspective, timely Form 4 reporting and the 10b5-1 designation are positive controls; the filing contains no indication of material governance concerns.

Securities Analyst

TL;DR: The disposition is small relative to total holdings and was executed via a predetermined plan, implying limited immediate market impact.

The sale of 12,812 shares at $30 equals $384,360 in proceeds and reduces direct holdings modestly versus the reported 551,060 shares remaining. The disclosure that some holdings are restricted stock units with vesting to 02/15/2029 is relevant to timing of future dilution or share availability, but this Form 4 does not provide financial statement or operating metrics. No material change to ownership control or capital structure is evident from this single transaction.

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).

X

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^*

Dasdan Ali

(Last) (First) (Middle)

1800 OWENS STREET

SUITE 200

(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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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	09/08/2025		S(1)		12,812	D	$30	551,060(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 12, 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 awards and restricted stock units will be cancelled by the Issuer.

Remarks:

	/s/ Cara Angelmar, Attorney-in-Fact	09/10/2025
	** 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 did DBX insider Ali Dasdan report on Form 4?

He reported a sale of 12,812 shares of Class A Common Stock on 09/08/2025 at $30 per share under a Rule 10b5-1 trading plan.

How many Dropbox shares does Ali Dasdan beneficially own after the transaction?

The Form 4 reports that he beneficially owns 551,060 shares following the reported transaction.

Are any of the reported shares subject to vesting or restrictions?

Yes. The filing states that certain securities are restricted stock units converting to one share each subject to vesting through February 15, 2029, and unvested awards will be cancelled if he ceases to be a service provider.

Was the sale part of a trading plan?

Yes. The filing explains the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2025.

What is Ali Dasdan's role at Dropbox?

The Form 4 lists his title as Chief Technology Officer.