Andrew Houston holds 35.3% of Dropbox (NASDAQ: DBX) as of Mar 31, 2026

Rhea-AI Filing Summary

Dropbox, Inc. reports that Andrew W. Houston beneficially owned 84,044,727 shares of common stock, representing 35.3% as of March 31, 2026. The filing breaks this into 8,266,666 shares of Class A and an assumed conversion of 74,616,889 Class B shares into Class A equivalents, with total Class A shares outstanding of 163,263,829 as of March 31, 2026. Each Class B share is convertible into one Class A share and carries ten votes per share; Class A shares carry one vote each.

Key Figures

Beneficial ownership: 84,044,727 shares Ownership percentage: 35.3% Class A outstanding: 163,263,829 shares +3 more

6 metrics

Beneficial ownership 84,044,727 shares Aggregate shares with sole voting and dispositive power as of March 31, 2026

Ownership percentage 35.3% Percent of Class A equivalents based on March 31, 2026 outstanding shares

Class A outstanding 163,263,829 shares Class A common stock outstanding as of March 31, 2026

Class B assumed conversion 74,616,889 shares Class B shares deemed converted to Class A equivalents for calculation

Direct Class A holdings 8,266,666 shares Class A shares directly held by Andrew W. Houston as of March 31, 2026

Voting power per Class B share 10 votes/share Each Class B share carries ten votes versus one vote for Class A

Key Terms

Class B convertible, Beneficially owned, Sole dispositive power, Restricted stock awards

4 terms

Class B convertible regulatory

"Each share of Class B Common Stock is convertible into one share of Class A Common Stock"

Beneficially owned regulatory

"Amount beneficially owned: As of March 31, 2026, (i) 8,266,666 shares"

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 dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 84,044,727 shares"

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.

Restricted stock awards financial

"which number includes restricted stock awards subject to vesting as such shares are entitled to vote"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

DROPBOX, INC.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

26210C104

(CUSIP Number)

03/31/2026

(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

Andrew Houston

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 84,044,727.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 84,044,727.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

84,044,727.00

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)

35.3 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DROPBOX, INC.
(b)	Address of issuer's principal executive offices: 1800 OWENS STREET, SAN FRANCISCO, CA, 94158.
Item 2.
(a)	Name of person filing: Andrew W. Houston
(b)	Address or principal business office or, if none, residence: c/o Dropbox, Inc. 1800 Owens Street San Francisco, CA 94158
(c)	Citizenship: Andrew W. Houston is a United States citizen
(d)	Title of class of securities: Class A Common Stock, par value $0.00001 per share
(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: As of March 31, 2026, (i) 8,266,666 shares of Class A Common Stock were held by Andrew W. Houston, (ii) 716,728 shares of Class A Common Stock and 7,608,764 shares of Class B Common Stock were held by the Houston Remainder Trust u/a 12/30/2010, for which Mr. Houston serves as trustee, (iii) 444,444 shares of Class A Common Stock were held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which Mr. Houston's spouse serves as trustee, (iv) 66,507,625 shares of Class B Common Stock were held by Andrew Houston Revocable Trust u/a/d 9/7/2011, for which Mr. Houston serves as trustee, and (v) 500,500 shares of Class B Common Stock were held by the Houston 2012 Irrevocable Children's Trust u/a 4/12/2012, for which Mr. Houston serves as trustee. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. Each share of Class B Common Stock is entitled to ten votes per share, whereas each share of Class A Common Stock is entitled to one vote per share. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to the aforementioned conversion rights and voting rights.
(b)	Percent of class: 35.3% The ownership percentage above is calculated based on 163,263,829 shares of Class A Common Stock outstanding as of March 31, 2026, which number includes restricted stock awards subject to vesting as such shares are entitled to vote, plus the assumed conversion of 74,616,889 shares of Class B Common Stock deemed beneficially owned by Mr. Houston, as described herein, into shares of Class A Common Stock.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 84,044,727 shares
	(ii) Shared power to vote or to direct the vote: 0 shares
	(iii) Sole power to dispose or to direct the disposition of: 84,044,727 shares
	(iv) Shared power to dispose or to direct the disposition of: 0 shares
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.
	Not Applicable
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:
	Not Applicable

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.

Andrew Houston

Signature:	/s/ Andrew W. Houston
Name/Title:	Andrew W. Houston
Date:	05/01/2026

FAQ

What percentage of Dropbox (DBX) does Andrew Houston beneficially own?

Andrew W. Houston beneficially owns 35.3% of Dropbox common stock. This percentage is calculated using 163,263,829 Class A equivalent shares outstanding and assumes conversion of 74,616,889 Class B shares into Class A as of March 31, 2026.

How many Class A and Class B shares does Andrew Houston control?

Mr. Houston directly holds 8,266,666 Class A shares and is deemed to beneficially own 74,616,889 Class B shares. The filing lists specific trusts and holdings that sum to the 84,044,727 shares showing sole voting and dispositive power.

How are Class B shares treated in this filing for voting and conversion?

Each Class B share is convertible into one Class A share at the holder's option and carries ten votes per share. Class A shares carry one vote per share. The filing counts Class B shares as Class A equivalents for ownership percentage.

What shares outstanding figure does the filing use to calculate ownership?

The filing uses 163,263,829 Class A common stock outstanding as of March 31, 2026. That figure includes restricted stock awards entitled to vote and incorporates the assumed conversion of Class B shares into Class A equivalents for the percentage calculation.

Who signed the Schedule 13G/A and when was it executed?

The filing is signed by Andrew W. Houston and the signature is dated 05/01/2026. The ownership snapshot in Item 4 is explicitly stated as of March 31, 2026 in the filing.