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Filing Details

Accession Number:: 0001562180-20-002638
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-18 20:59:37
Reporting Period:: 2020-03-16

Accepted Time:: 2020-03-18 20:59:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1467623	Dropbox Inc.	DBX	Services-Prepackaged Software (7372)	260138832

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1734434	Arash Ferdowsi	1800 Owens Street San Francisco CA 94158	Co-Founder	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2020-03-16	42,219	$0.00	66,119	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2020-03-16	66,119	$17.03	0	No	4	S	Indirect	See footnote
Class A Common Stock	Acquisiton	2020-03-18	39,521	$0.00	39,521	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2020-03-18	39,521	$17.03	0	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2020-03-16	42,219	$0.00	42,219	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-03-18	39,521	$0.00	39,521	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
28,544,364			No	4	C	Indirect
28,504,843			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	4,400,000	Direct

Footnotes

42,219 shares of Class B Common Stock were converted into 42,219 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
Shares held by the Arash Ferdowsi Revocable Trust u/a/d 4/20/2012, for which the Reporting Person serves as trustee.
These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
This transaction was executed in multiple trades at prices ranging from $17.00 to $17.11. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
39,521 shares of Class B Common Stock were converted into 39,521 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
This transaction was executed in multiple trades at prices ranging from $17.00 to $17.125. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.
The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.