JENSON WARREN 4

What Happened

• Jenson Warren, a director of Dropbox, was granted 9,071 restricted stock units (RSUs) on May 21, 2026. The RSUs were reported as acquired at a $0 per-unit grant value (typical for equity awards). This is an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026.
• Transaction type/code: A — Award/Grant of restricted stock units (RSUs).
• Shares/units granted: 9,071 RSUs; reported acquisition value: $0.
• Shares owned after transaction: Not disclosed in this filing.
• Vesting & conditions (footnotes): Each RSU equals the right to one share of Class A common stock. The RSUs vest in full on the earlier of May 21, 2027 or the day before the issuer’s next annual meeting. Unvested RSUs will be cancelled if the reporting person ceases to be a service provider.
• Filing timeliness: Form 4 was filed five days after the grant (Form 4s are normally due within 2 business days of the transaction).

Context

• RSU grants are compensation awards and do not require an immediate cash outlay by the insider. They only convert into actual shares if and when they vest. Such grants are common for directors and employees and do not by themselves signal buying or selling intent.