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Peacock Karen reported acquisition or exercise transactions in this Form 4 filing.
Dropbox director Karen Peacock received a stock-based award. She was granted 9,071 restricted stock units (RSUs) of Class A Common Stock at no cash cost, increasing her direct holdings to 26,366 shares/units. The new RSUs vest in full on the earlier of May 21, 2027 or the day before Dropbox’s next annual shareholder meeting, and unvested units are forfeited if her service ends.
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.
Parasnis Abhay reported acquisition or exercise transactions in this Form 4 filing.
Dropbox director Abhay Parasnis received a grant of 9,071 restricted stock units, each representing one share of Class A Common Stock, at no cash cost per share. Following this award, he directly holds 47,811 shares and units in total.
The new restricted stock units vest in full on the earlier of May 21, 2027 or the day prior to Dropbox’s next annual meeting of stockholders. Existing restricted stock units are subject to a similar vesting schedule, and any unvested units will be cancelled if he ceases to be a Service Provider.
Dropbox, Inc. held its 2026 Annual Meeting of Stockholders on May 21, 2026, where all proposals received the required approvals. Stockholders elected seven directors, each receiving over 764 million "for" votes, with Andrew Moore and Abhay Parasnis both topping 882 million.
Stockholders ratified Ernst & Young LLP as auditors for the fiscal year ending December 31, 2026, with about 889 million votes in favor. They also approved, on an advisory basis, compensation for the named executive officers and approved an amendment and restatement of the articles of incorporation to waive jury trials for internal actions, along with contextual and ministerial changes.
Dropbox, Inc. is reorganizing its leadership team while reaffirming its financial outlook. The Board appointed Ashraf Alkarmi, currently General Manager, Core, as Co-Chief Executive Officer and director effective May 26, 2026, alongside co‑founder Andrew Houston.
After a transition period, Houston is expected to become Executive Chairman and Alkarmi the sole CEO. Alkarmi’s updated compensation includes a $825,000 annual base salary, a target cash bonus equal to 100% of base salary, and restricted stock units valued at $12,656,250, vesting over multiple years, subject to continued service. He also entered into an enhanced change in control and severance agreement.
Separately, the Board appointed Michael Torres as Chief Product Officer effective July 7, 2026. Dropbox also announced that it expects its second quarter 2026 and full-year 2026 financial results to be in-line with or above previously provided guidance ranges.
Dropbox, Inc. CEO Andrew Houston, through an affiliated trust, sold 30,332 shares of Class A Common Stock at $27.50 per share on May 18, 2026. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025.
On the same date, 30,332 shares of Class B Common Stock were converted into an equal number of Class A shares at Houston’s election. After these transactions, he held 8,266,666 Class A shares directly, along with additional indirect holdings and convertible Class B shares held through various family trusts.
Dropbox director Andrew William Moore reported selling 8,443 shares of Class A Common Stock in open-market transactions. The sales occurred on May 18, 2026 at weighted average prices of $27.27 and $27.80, executed in multiple trades within disclosed price ranges.
The filing shows that, after these transactions, Moore no longer holds any shares of Dropbox Class A Common Stock directly. One sale was executed under a Rule 10b5-1 trading plan adopted on May 29, 2025, indicating the trades were pre-arranged rather than opportunistic.
DROPBOX, INC. director Lisa M. Campbell sold 4,222 shares of Class A Common Stock in an open-market transaction at a weighted average price of $26.5098 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan. After this trade, she directly holds 14,998 shares.
Dropbox, Inc. director Karen Peacock sold 4,000 shares of Class A Common Stock in an open-market transaction on May 15, 2026 at a weighted average price of $26.5047 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025.
After this transaction, Peacock directly holds 17,295 Dropbox shares, according to the filing.
Dropbox Chief Business Officer Eric T. Webster had 12,871 Class A shares withheld to cover taxes from RSU vesting, at a price of $26.20 per share. This was a tax-withholding disposition, not an open-market trade. After the withholding, he directly holds 446,886 Class A shares.