Parasnis Abhay 4
4 · DROPBOX, INC. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) Director Abhay Parasnis Receives Award
What Happened
Abhay Parasnis, a director of Dropbox, reported a grant of 9,071 restricted stock units (RSUs) on May 21, 2026. The filing lists the acquisition price as $0.00 (award/grant), so the reported cash value in the Form 4 is $0. These RSUs represent the right to receive one share of Class A common stock per unit when they vest; no shares were sold or purchased on the open market.
Key Details
- Transaction date: May 21, 2026; Filing date: May 26, 2026 (filing appears timely).
- Reported price per unit: $0.00; Reported total value: $0.
- Shares acquired: 9,071 restricted stock units (RSUs).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each RSU equals one share of Class A common stock; RSUs vest in full on the earlier of May 21, 2027 or the day before the issuer's next annual meeting.
- F2: Certain RSUs vest according to an applicable schedule through May 21, 2027; unvested RSUs are cancelled if the reporting person ceases to be a service provider.
Context
This was an award/grant of RSUs (transaction code A), not a market buy or sell. RSU grants are compensation/retention tools and do not necessarily indicate immediate sentiment about the stock because they typically vest over time and may be forfeited if the director leaves. The filing does not show immediate receipt of shares — conversion to actual shares will occur only as RSUs vest per the listed schedule.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-05-21+9,071→ 47,811 total
Footnotes (2)
- [F1]These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock. The restricted stock units vest in full on the earlier of May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders.
- [F2]Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through May 21, 2027 or the day prior to the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.