Schubach Sarah Elizabeth 4

4 · DROPBOX, INC. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Dropbox (DBX) Chief Accounting Officer Sarah Schubach Sells Shares

What Happened

Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox (DBX), reported two transactions: an open-market sale of 1,416 shares on 2026-03-31 at $22.60 per share for proceeds of $32,002, and a grant of 57,217 restricted stock units (RSUs) on 2026-04-01 (reported at $0 acquisition price in the filing).

Key Details

Transaction dates and amounts:
- 2026-03-31: Sold 1,416 shares at $22.60 each — total $32,002. (Sale code S)
- 2026-04-01: Award/Grant of 57,217 RSUs (reported at $0) (code A)
Shares owned after the transactions: Not specified in the filing.
Footnotes of note:
- F1: The March 31 sale was made pursuant to a pre-established Rule 10b5-1 trading plan adopted May 16, 2025.
- F2–F4: The 57,217 shares are restricted stock units subject to multi-year vesting schedules (some RSUs vest through Feb 15, 2029 or Feb 15, 2030). One schedule specifies vesting of 1/16th on May 15, 2026 and then quarterly through Feb 15, 2030. Unvested RSUs are cancelled if she ceases service.
Filing timeliness: Form 4 was filed 2026-04-02; the filing does not indicate a late filing.

Context

The sale was small (~$32k) and executed under a Rule 10b5-1 plan, which typically reflects pre-planned sales rather than ad-hoc insider trading. The larger item is the RSU grant: these are awards that vest over time and do not represent immediately tradable shares until vested. As always, awards and planned sales are routine insider transactions; they are factual disclosures and do not, by themselves, indicate management’s market view.

Form 4

Period: 2026-03-31

Chief Accounting Officer

Transactions

Sale
Class A Common Stock
[F1][F2]
2026-03-31$22.60/sh−1,416$32,002→ 82,073 total
Award
Class A Common Stock
[F3][F4]
2026-04-01+57,217→ 139,290 total

Footnotes (4)

[F1]These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.
[F2]Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
[F3]These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock. The restricted stock units vest as to 1/16th of the shares on May 15, 2026 and each three-month anniversary thereafter through February 15, 2030.
[F4]Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2030. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

Signature

/s/ Cara Angelmar, Attorney-in-Fact|2026-04-02

4 files