Andrew Houston - Mar 13, 2024 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 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/15/2024, 04:26 PM
Previous filing
Mar 7, 2024
Next filing
Apr 3, 2024
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 +444K $0.00 444K Mar 13, 2024 See Footnote F1, F2
transaction DBX Class A Common Stock Gift $0 -444K -100% $0.00* 0 Mar 13, 2024 See Footnote F2
transaction DBX Class A Common Stock Gift $0 +444K $0.00 444K Mar 13, 2024 See Footnote F3
holding DBX Class A Common Stock 8.27M Mar 13, 2024 Direct F4
holding DBX Class A Common Stock 717K Mar 13, 2024 See Footnote F5

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 -444K -100% $0.00* 0 Mar 13, 2024 Class A Common Stock 444K See Footnote F2, F6, F7
holding DBX Class B Common Stock 70.7M Mar 13, 2024 Class A Common Stock See Footnote F6, F7, F8
holding DBX Class B Common Stock 7.74M Mar 13, 2024 Class A Common Stock See Footnote F5, F6
holding DBX Class B Common Stock 501K Mar 13, 2024 Class A Common Stock See Footnote F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 444,444 shares of Class B Common Stock were converted into 444,444 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
F2 Shares held by The Houston Family LLC, for which the Reporting Person is the sole member.
F3 Shares held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which the Reporting Person's spouse serves as trustee.
F4 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.
F5 Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which Reporting Person serves as trustee.
F6 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.
F7 Reflects a transfer of 444,444 shares of Class B Common Stock from the Andrew Houston Revocable Trust u/a/d 9/7/2011 on March 12, 2024 to The Houston Family LLC, for which the Reporting Person is the sole member.
F8 Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which Reporting Person serves as trustee.
F9 Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which Reporting Person serves as trustee.