Ferdowsi Arash 4
4 · DROPBOX, INC. · Filed Mar 23, 2020
Insider Transaction Report
Form 4
Ferdowsi Arash
DirectorCo-Founder10% Owner
Transactions
- Conversion
Class A Common Stock
2020-03-19+19,360→ 19,360 total(indirect: See footnote) - Sale
Class A Common Stock
2020-03-19$17.06/sh−19,360$330,231→ 0 total(indirect: See footnote) - Disposition to Issuer
Class A Common Stock
2020-03-19−4,400,000→ 0 total - Conversion
Class B Common Stock
2020-03-19−19,360→ 28,485,483 total(indirect: See footnote)→ Class A Common Stock (19,360 underlying)
Footnotes (6)
- [F1]19,360 shares of Class B Common Stock were converted into 19,360 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
- [F2]Shares held by the Arash Ferdowsi Revocable Trust u/a/d 4/20/2012, for which the Reporting Person serves as trustee.
- [F3]These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
- [F4]This transaction was executed in multiple trades at prices ranging from $17.00 to $17.16. 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.
- [F5]In connection with the termination of the reporting person as an officer of the issuer, the reporting person has disposed 4,400,000 shares to the issuer pursuant to the terms of a restricted stock agreement between the issuer and the reporting person.
- [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.