SEC Form 4 · accession 0001209191-18-052372
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Houston
Officer — Chief Executive Officer · Director
Period of report
Sep 25, 2018
Accepted (ET)
Sep 26, 2018 · 7:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467623
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F3 | Sep 25, 2018 | S | 61,728 | $27.0395 | D | 24,508 | I | See footnote |
| Class A Common StockF4 | holding | — | — | — | 10,333,333 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting Person serves as trustee (the "Remainder Trust").
- F2This transaction was executed in multiple trades at prices ranging from $27.00 to $27.19. 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.
- F3The shares are held by the Remainder Trust.
- F4These 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.