Dropbox, Inc. (DBX) CTO completes 12,972-share sale under 10b5-1 plan
Rhea-AI Filing Summary
Dropbox, Inc. Chief Technology Officer Ali Dasdan reported an open-market sale of 12,972 shares of Class A Common Stock on July 14, 2026 at $30.00 per share, executed under a Rule 10b5-1 trading plan adopted on May 12, 2025.
After the transaction, he holds 501,639 shares directly. Certain holdings are restricted stock units, each representing one Class A share, vesting through November 15, 2030, with any unvested units cancelled if he ceases to be a Service Provider.
Positive
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Insider Trade Summary 10b5-1
Net Seller: 12,972 shares ($389,160)
Net Sell
1 txn
Insider
Dasdan Ali
Role
Chief Technology Officer
Sold
12,972 shs ($389K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,972 | $30.00 | $389K |
Holdings After Transaction:
Class A Common Stock — 501,639 shares (Direct)
Footnotes (1)
- These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2025. 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, 2030. 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.
Key Figures
Shares sold: 12,972 shares
Sale price: $30.00 per share
Shares held after transaction: 501,639 shares
+1 more
4 metrics
Shares sold
12,972 shares
Class A Common Stock sold on July 14, 2026 in an open-market transaction
Sale price
$30.00 per share
Price received per share for the July 14, 2026 Class A Common Stock sale
Shares held after transaction
501,639 shares
Direct Class A Common Stock ownership following the July 14, 2026 sale
RSU vesting end date
November 15, 2030
End of vesting schedule for certain restricted stock units held by the reporting person
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Service Provider
3 terms
Rule 10b5-1 trading plan regulatory
"shares were sold pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Certain of these securities are restricted stock units. Each restricted stock unit"
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.
Service Provider regulatory
"In the event the Reporting Person ceases to be a Service Provider, the unvested"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Dropbox (DBX) Chief Technology Officer Ali Dasdan report?
Ali Dasdan reported selling 12,972 shares of Dropbox Class A Common Stock at $30.00 per share on July 14, 2026. The sale was an open-market transaction disclosed in a Form 4 insider report.
Was Ali Dasdan’s Dropbox (DBX) stock sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2025. Such pre-arranged plans automate trades and can reduce the significance of transaction timing.
What type of securities did Ali Dasdan trade in this Dropbox (DBX) Form 4?
The transaction involved Class A Common Stock of Dropbox, Inc. The filing also notes that certain of his remaining securities are restricted stock units, each representing the right to receive one share of Class A Common Stock upon vesting.
What is the vesting schedule for Ali Dasdan’s Dropbox (DBX) restricted stock units?
The filing explains that Ali Dasdan’s restricted stock units vest under an applicable schedule running through November 15, 2030. If he ceases to be a Service Provider, any unvested restricted stock awards and units will be cancelled by Dropbox.
What happens to Ali Dasdan’s unvested Dropbox (DBX) restricted stock units if he leaves the company?
If Ali Dasdan ceases to be a Service Provider, the unvested restricted stock awards and restricted stock units will be cancelled by Dropbox. Only vested units would remain eligible to settle into Class A Common Stock.