Timothy Regan - 01 Apr 2022 Form 4 Insider Report for DROPBOX, INC. (DBX)

Signature
/s/ Cara Angelmar, Attorney-in-Fact
Issuer symbol
DBX
Transactions as of
01 Apr 2022
Transactions value $
-$23,390
Form type
4
Filing time
05 Apr 2022, 18:02:39
Previous filing
29 Mar 2022
Next filing
27 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBX Class A Common Stock Award $0 +202K +56.02% $0.00 562K 01 Apr 2022 Direct F1, F2
transaction DBX Class A Common Stock Sale -$23.4K -1K -0.18% $23.39 561K 01 Apr 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock awards. Each restricted stock award represents the Reporting Person's right to receive one share of Class A Common Stock. The restricted stock awards vest as to 1/16th of the shares on May 15, 2022 and each three-month anniversary thereafter through February 15, 2026.
F2 Certain of these securities are restricted stock awards and restricted stock units. Each restricted stock award or 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, 2026. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock awards and restricted stock units will be cancelled by the Issuer.
F3 These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.