4//SEC Filing
Ferdowsi Arash 4
Accession 0001562180-20-002638
CIK 0001467623other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 8:59 PM ET
Size
17.5 KB
Accession
0001562180-20-002638
Insider Transaction Report
Form 4
Ferdowsi Arash
DirectorCo-Founder10% Owner
Transactions
- Sale
Class A Common Stock
2020-03-16$17.03/sh−66,119$1,126,238→ 0 total(indirect: See footnote) - Conversion
Class B Common Stock
2020-03-18−39,521→ 28,504,843 total(indirect: See footnote)→ Class A Common Stock (39,521 underlying) - Conversion
Class A Common Stock
2020-03-16+42,219→ 66,119 total(indirect: See footnote) - Conversion
Class A Common Stock
2020-03-18+39,521→ 39,521 total(indirect: See footnote) - Sale
Class A Common Stock
2020-03-18$17.03/sh−39,521$673,232→ 0 total(indirect: See footnote) - Conversion
Class B Common Stock
2020-03-16−42,219→ 28,544,364 total(indirect: See footnote)→ Class A Common Stock (42,219 underlying)
Holdings
- 4,400,000
Class A Common Stock
Footnotes (8)
- [F1]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.
- [F2]Shares held by the Arash Ferdowsi Revocable Trust u/a/d 4/20/2012, for which the Reporting Person serves as trustee.
- [F3]These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
Documents
Issuer
DROPBOX, INC.
CIK 0001467623
Entity typeother
Related Parties
1- filerCIK 0001734434
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 8:59 PM ET
- Size
- 17.5 KB