Andrew Houston - Mar 9, 2022 Form 4 Insider Report for DROPBOX, INC. (DBX)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Cara Angelmar, Attorney-in-Fact
Stock symbol
DBX
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
4
Date filed
3/11/2022, 04:02 PM
Previous filing
Feb 17, 2022
Next filing
May 17, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBX Class A Common Stock Conversion of derivative security $0 +175K +35% $0.00 675K Mar 9, 2022 See footnote F1, F2
transaction DBX Class A Common Stock Gift $0 -175K -25.93% $0.00 500K Mar 9, 2022 See footnote F2
holding DBX Class A Common Stock 9.3M Mar 9, 2022 Direct F3
holding DBX Class A Common Stock 717K Mar 9, 2022 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DBX Class B Common Stock Conversion of derivative security $0 -175K -0.24% $0.00 72.7M Mar 9, 2022 Class A Common Stock 175K See footnote F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 175,000 shares of Class B Common Stock were converted into 175,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F2 Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which the Reporting Person serves as trustee.
F3 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.
F4 The Shares are held by the Houston Remainder Trust u/a/d 12/30/2010, for which the Reporting Person serves as trustee.
F5 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.