Filing Details

Accession Number:
0001562180-23-004923
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-06-07 16:09:15
Reporting Period:
2023-06-05
Accepted Time:
2023-06-07 16:09:15
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
1734563 Andrew Houston 1800 Owens Street
Suite 200
San Francisco CA 94158
Chief Executive Officer No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-06-05 162,500 $0.00 162,500 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-06-05 162,500 $23.92 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-06-05 162,500 $0.00 162,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
71,613,073 No 4 C Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 8,781,892 Direct
Class A Common Stock 716,728 Indirect See Footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 0 7,743,764 Indirect
Class A Common Stock Class B Common Stock $0.00 0 500,500 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
0 7,743,764 Indirect
0 500,500 Indirect
Footnotes
  1. 162,500 shares of Class B Common Stock were converted into 162,500 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
  2. Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which reporting person serves as trustee.
  3. These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person prior to the effectiveness of the revised requirements of Rule 10b5-1(c). In compliance with SEC guidance, the Reporting Person has not checked the box above but states that the Rule 10b5-1 trading plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
  4. This transaction was executed in multiple trades at prices ranging from $23.63 to $24.11. 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.
  5. Certain of 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.
  6. Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting person serves as trustee.
  7. 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.
  8. Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which reporting person serves as trustee.