LSV Asset Management (NASDAQ: DBX holder) discloses 7.29% beneficial stake in Dropbox

Rhea-AI Filing Summary

LSV Asset Management filed Amendment No. 1 reporting its holdings in Dropbox, Inc. Class A common stock. LSV Asset Management beneficially owned 11,517,528 shares, representing 7.29% of the class as of June 30, 2026.

The firm reported sole power to vote or direct the vote over 6,984,876 shares and sole power to dispose11,517,528 shares, with no shared voting or dispositive power. Dividends and sale proceeds are attributable to clients of LSV Asset Management, including funds and managed accounts.

Key Figures

Beneficial ownership: 11,517,528 shares Percent of class: 7.29% Sole voting power: 6,984,876 shares +3 more

6 metrics

Beneficial ownership 11,517,528 shares Class A common stock beneficially owned by LSV Asset Management

Percent of class 7.29% Percentage of Dropbox Class A common stock beneficially owned

Sole voting power 6,984,876 shares Shares over which LSV Asset Management has sole power to vote

Sole dispositive power 11,517,528 shares Shares over which LSV Asset Management has sole power to dispose

CUSIP 26210C104 CUSIP for Dropbox, Inc. Class A common stock

Reporting date 06/30/2026 Date as of which ownership information is reported

Key Terms

beneficially owned, sole voting power, sole dispositive power, Schedule 13G, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 11,517,528"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: 6,984,876"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 11,517,528"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"Ownership of more than 5 Percent on Behalf of Another Person."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

percent of class financial

"Percent of class: 7.29%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

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

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Available on EDGAR 08/06/2026 - 05:53 PM Accepted by SEC EDGAR 08/06/2026 - 05:52 PM Learn about SEC filing dates

FAQ

What percentage of Dropbox (DBX) shares does LSV Asset Management report owning?

LSV Asset Management reports beneficial ownership of 7.29% of Dropbox’s Class A common stock, based on 11,517,528 shares. This reflects holdings across its clients, including funds and managed accounts.

How many Dropbox (DBX) shares does LSV Asset Management beneficially own?

LSV Asset Management beneficially owns 11,517,528 Dropbox Class A shares. These shares are held for its clients, who are entitled to dividends and proceeds from any sale of the securities.

What voting power does LSV Asset Management report over Dropbox (DBX) shares?

LSV Asset Management reports sole voting power over 6,984,876 Dropbox Class A shares and no shared voting power. This figure describes how many shares it can vote or direct the vote for.

What dispositive power does LSV Asset Management have over its Dropbox (DBX) holdings?

LSV Asset Management has sole dispositive power over 11,517,528 shares of Dropbox Class A common stock, with no shared dispositive power. This indicates sole authority to dispose of or direct the disposition of these shares.

Who receives dividends and sale proceeds from LSV Asset Management’s Dropbox (DBX) holdings?

Dividends and sale proceeds from these Dropbox shares accrue to LSV Asset Management’s clients, including funds and managed accounts, who have the right to receive or direct such amounts.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

DROPBOX, INC.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

26210C104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 26210C104

1

Names of Reporting Persons

LSV ASSET MANAGEMENT

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,984,876.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,517,528.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,517,528.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DROPBOX, INC.
(b)	Address of issuer's principal executive offices: 50 HAWTHORNE ST., 50 HAWTHORNE ST., SAN FRANCISCO, CALIFORNIA, 94105.
Item 2.
(a)	Name of person filing: LSV Asset Management
(b)	Address or principal business office or, if none, residence: 155 North Wacker Drive, Suite 4600, Chicago, Illinois, 60606
(c)	Citizenship: State of Delaware
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 26210C104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 11,517,528
(b)	Percent of class: 7.29%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,984,876
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 11,517,528
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The clients of LSV Asset Management, including funds and/or managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities of the Issuer.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LSV ASSET MANAGEMENT

Signature:	Josh ODonnell
Name/Title:	Chief Compliance Officer
Date:	08/06/2026