Ferdowsi Arash 4
4 · DROPBOX, INC. · Filed Apr 3, 2020
Insider Transaction Report
Form 4
Ferdowsi Arash
DirectorCo-Founder10% Owner
Transactions
- Sale
Class A Common Stock
2020-04-01$17.85/sh−125,000$2,231,613→ 0 total(indirect: See footnote) - Conversion
Class B Common Stock
2020-04-01−125,000→ 28,360,483 total(indirect: See footnote)→ Class A Common Stock (125,000 underlying) - Conversion
Class A Common Stock
2020-04-01+125,000→ 125,000 total(indirect: See footnote)
Footnotes (5)
- [F1]125,000 shares of Class B Common Stock were converted into 125,000 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 $17.39 to $18.22. 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]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.