[SCHEDULE 13G] Dropbox, Inc. SEC Filing

Rhea-AI Filing Summary

Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report beneficial ownership of 10,099,898 shares of Dropbox Class A common stock, representing 5.29% of the class. Each reporting person discloses sole voting power and sole dispositive power over these shares, with zero shared voting or dispositive power.

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes that certain funds managed by Renaissance Technologies have the right to receive dividends or proceeds from sale of the reported securities.

Positive

• Filing discloses a material beneficial position of 10,099,898 shares in Dropbox, representing 5.29% of Class A stock.
• Report states the securities are held in the ordinary course and not for the purpose of changing or influencing control, indicating a passive ownership posture.

Negative

• None.

Insights

Financial Analyst

TL;DR Renaissance reports a passive 5.29% stake (10.10M shares) in Dropbox, showing meaningful ownership without an asserted control intent.

The Schedule 13G discloses a beneficial position of 10,099,898 shares, equal to 5.29% of Dropbox Class A. The reporting entries identify one filer as an investment adviser (Type IA) and the other as a holding corporation (Type HC). Both report sole voting and sole dispositive power over the full position and certify the holdings are in the ordinary course of business and not intended to change control. For investors, this is a material ownership disclosure but, as presented, does not signal activist intent or immediate governance changes.

Corporate Governance Expert

TL;DR A greater-than-5% passive stake is material disclosure but the filing affirms no intent to seek control.

The filing shows Renaissance entities collectively beneficially own 10,099,898 Class A shares with sole voting and dispositive authority and 0 shared power. The certification that the securities are held in the ordinary course and not to influence control is consistent with a Schedule 13G passive disclosure rather than an active 13D campaign. The note that certain Renaissance-managed funds have rights to dividends or sale proceeds clarifies internal allocation of economic interests but does not, on its face, alter governance expectations at Dropbox.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DROPBOX, INC.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

26210C104

(CUSIP Number)

04/01/2025

(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)

SCHEDULE 13G

CUSIP No. 26210C104

1

Names of Reporting Persons

Renaissance Technologies LLC

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 10,099,898.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,099,898.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,099,898.00

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)

5.29 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 26210C104

1

Names of Reporting Persons

Renaissance Technologies Holdings Corporation

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 10,099,898.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,099,898.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,099,898.00

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)

5.29 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DROPBOX, INC.
(b)	Address of issuer's principal executive offices: 1800 OWENS STREET, SUITE 200, SAN FRANCISCO, CA 94158
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by Renaissance Technologies LLC ("RTC") and Renaissance Technologies Holdings Corporation ("RTHC").
(b)	Address or principal business office or, if none, residence: 800 Third Avenue New York, New York 10022
(c)	Citizenship: RTC is a Delaware limited liability company, and RTHC is a Delaware corporation.
(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: 10099898
(b)	Percent of class: 5.29 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10099898
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10099898
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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. Certain funds managed by RTC have the right to receive dividends and proceeds from the sale of the securities which are the subject of this report.
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.

Renaissance Technologies LLC

Signature:	Brian Felczak
Name/Title:	Chief Financial Officer
Date:	08/13/2025

Renaissance Technologies Holdings Corporation

Signature:	Brian Felczak
Name/Title:	Vice President
Date:	08/13/2025

Exhibit Information

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned agrees to the filing on behalf of each of a Statement on Schedule 13G, and all amendments thereto, with respect to the Class A Common Stock, par value $0.00001 per share of DROPBOX, INC.

FAQ

What stake did Renaissance report in Dropbox (DBX)?

The filers report beneficial ownership of 10,099,898 shares, representing 5.29% of Dropbox Class A common stock.

Who filed the Schedule 13G for DBX?

The Schedule 13G was filed by Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation.

Do the reporting persons have voting or dispositive power over the shares?

Yes. Each reporting person discloses sole voting power: 10,099,898, shared voting power: 0, sole dispositive power: 10,099,898, and shared dispositive power: 0.

Is this a passive Schedule 13G filing or an active 13D?

The filers certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, consistent with a passive Schedule 13G disclosure.

Do any other persons have rights to dividends or sale proceeds of these shares?

The filing states that certain funds managed by Renaissance Technologies have the right to receive dividends and proceeds from the sale of the reported securities.