Dropbox (NASDAQ: DBX) CFO has 20,326 shares withheld for taxes

Rhea-AI Filing Summary

DROPBOX, INC. (DBX) reported that Chief Financial Officer Ross Tennenbaum had 20,326 shares of Class A common stock withheld on August 17, 2026 to satisfy tax withholding and remittance obligations in connection with vesting restricted stock units, at a reference price of $34.42 per share.

After this tax-withholding disposition, Tennenbaum holds 759,279 Class A shares, including restricted stock units that vest on a schedule extending through November 15, 2029, which will be cancelled if he ceases to be a service provider.

Insider Trade Summary

Net Seller: 20,326 shares

Net Sell 1 txn

Insider Tennenbaum Ross

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1, F2	20,326	$34.42	$700K

Holdings After Transaction: Class A Common Stock — 759,279 shares (Direct)

Footnotes (2)

1. F1. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
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 November 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.

Key Figures

Shares withheld for taxes: 20,326 shares Reference price per share: $34.42 Shares held after transaction: 759,279 shares +1 more

4 metrics

Shares withheld for taxes 20,326 shares Class A Common Stock withheld on August 17, 2026 to satisfy tax obligations

Reference price per share $34.42 Price per share used for the tax-withholding disposition

Shares held after transaction 759,279 shares Total Class A shares beneficially owned by Ross Tennenbaum following the transaction

RSU vesting end date November 15, 2029 Restricted stock units vest subject to schedule through this date

Key Terms

restricted stock units, net settlement, tax withholding, Service Provider

4 terms

restricted stock units financial

"Certain of these securities are restricted stock units."

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.

net settlement financial

"in connection with the vesting and net settlement of restricted stock units"

tax withholding financial

"withheld by the Issuer to satisfy tax withholding and remittance obligations"

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

Service Provider financial

"In the event the Reporting Person ceases to be a Service Provider"

FAQ

What insider transaction did DBX CFO Ross Tennenbaum report on August 17, 2026?

Ross Tennenbaum reported a tax-withholding disposition of 20,326 shares of Dropbox Class A common stock on August 17, 2026, tied to vesting restricted stock units and used to satisfy tax obligations.

Was the recent DBX insider transaction an open-market sale?

No. The reported DBX transaction was a Code F tax-withholding event, where 20,326 shares were withheld by Dropbox to cover tax liabilities from vesting restricted stock units, rather than an open-market sale by the CFO.

How many DBX shares does CFO Ross Tennenbaum hold after this transaction?

After the August 17, 2026 transaction, Ross Tennenbaum holds 759,279 shares of Dropbox Class A common stock, which includes restricted stock units subject to future vesting through November 15, 2029.

What price per share was used for the DBX tax-withholding transaction?

The tax-withholding disposition used a reference price of $34.42 per share for the 20,326 shares withheld by Dropbox to satisfy tax obligations related to vesting restricted stock units.

How long do Ross Tennenbaum’s DBX restricted stock units continue vesting?

Certain of Ross Tennenbaum’s Dropbox restricted stock units vest under a schedule extending through November 15, 2029. Any unvested units will be cancelled if he ceases to be a service provider to Dropbox.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 05:54 PM Accepted by SEC EDGAR 08/19/2026 - 05:53 PM 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).

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^*

Tennenbaum Ross

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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	08/17/2026		F(1)		20,326	D	$34.42	759,279(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. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.

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 November 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	08/19/2026
	** 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)