Dropbox officer sells 1,306 shares under plan

Dropbox, Inc. Chief Accounting Officer Sarah Elizabeth Schubach sold 1,306 shares of Class A Common Stock on July 15, 2026 at $30.13 per share.

Rhea-AI Filing Summary

Dropbox, Inc. Chief Accounting Officer Sarah Elizabeth Schubach sold 1,306 shares of Class A Common Stock on July 15, 2026 at $30.13 per share. The sale was made under a Rule 10b5-1 trading plan adopted May 16, 2025. She now directly holds 125,898 securities, certain of which are restricted stock units vesting through February 15, 2030.

Insider Trade Summary 10b5-1

Net Seller: 1,306 shares

Net Sell 1 txn

Insider Schubach Sarah Elizabeth

Role Chief Accounting Officer

Sold 1,306 shs ($39K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	1,306	$30.13	$39K

Holdings After Transaction: Class A Common Stock — 125,898 shares (Direct)

Footnotes (2)

1. F1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.
2. F2. 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, 2030. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

Key Figures

Shares sold: 1,306 shares Sale price: $30.13 per share Post-transaction holdings: 125,898 securities +2 more

5 metrics

Shares sold 1,306 shares Class A Common Stock sold on July 15, 2026

Sale price $30.13 per share Price for the 1,306 Class A shares sold

Post-transaction holdings 125,898 securities Directly held after the July 15, 2026 sale

10b5-1 plan adoption date May 16, 2025 Date Schubach adopted the Rule 10b5-1 trading plan

RSU vesting horizon February 15, 2030 Restricted stock units vest through this date

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Class A Common Stock, Service Provider

4 terms

Rule 10b5-1 trading plan financial

"These 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.

Class A Common Stock financial

"Each restricted stock unit represents the 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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Dropbox (DBX) report for Sarah Elizabeth Schubach?

Dropbox reported that Chief Accounting Officer Sarah Elizabeth Schubach sold 1,306 shares of Class A Common Stock on July 15, 2026 at $30.13 per share. This sale was disclosed as an open-market or private transaction on a Form 4 filing.

Was the recent Dropbox (DBX) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the 1,306-share sale was made pursuant to a Rule 10b5-1 trading plan adopted by Sarah Elizabeth Schubach on May 16, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as an information signal.

How many Dropbox (DBX) shares does Sarah Elizabeth Schubach hold after the sale?

After the transaction, Sarah Elizabeth Schubach directly holds 125,898 securities of Dropbox Class A Common Stock. A related footnote explains that certain of these securities are restricted stock units that remain subject to a vesting schedule through February 15, 2030.

What price did the Dropbox (DBX) insider receive for the shares sold?

The reported sale price was $30.13 per share for the 1,306 shares of Dropbox Class A Common Stock sold on July 15, 2026. The price is disclosed as a standard per-share amount with no additional qualifications noted for the transaction.

What are the vesting terms of the restricted stock units held by the Dropbox (DBX) officer?

Certain securities held by Sarah Elizabeth Schubach are restricted stock units, each representing one Class A share. They vest under an applicable schedule through February 15, 2030, and any unvested units will be cancelled if she ceases to be a Service Provider.

What is Sarah Elizabeth Schubach’s role at Dropbox (DBX) related to this Form 4 filing?

Sarah Elizabeth Schubach is identified as Chief Accounting Officer of Dropbox, Inc. In this capacity she is an officer and reporting person for SEC purposes, and her 1,306-share sale and post-transaction holdings of 125,898 securities are subject to public disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/17/2026 - 03:53 PM EDT Learn about SEC filing dates

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^*

Schubach Sarah Elizabeth

(Last) (First) (Middle)

50 HAWTHORNE STREET

(Street)

SAN FRANCISCO CALIFORNIA 94105

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/15/2026		S(1)		1,306	D	$30.13	125,898(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, 2030. 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	07/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)