Campbell Lisa M 4

What Happened
Lisa M. Campbell, a director of Dropbox, Inc. (DBX), was granted 9,071 restricted stock units (RSUs) on May 21, 2026. The reported acquisition price is $0.00 (grant), so no cash changed hands at grant; each RSU represents the right to receive one share of Class A common stock upon vesting. The RSUs vest in full on the earlier of May 21, 2027 or the day before the issuer’s next annual meeting of stockholders; unvested units will be cancelled if the reporting person ceases to be a service provider.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed 2026-05-26). Filing appears to be late by one business day (Form 4s are generally due within two business days).
• Transaction type/code: Award/Grant (A) — 9,071 RSUs @ $0.00 (total cash paid at grant = $0; future value depends on DBX share price at vesting).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1/F2 — RSUs convert 1-for-1 into Class A common shares; vesting schedule runs through May 21, 2027 or the day prior to the next annual meeting; unvested RSUs cancelled upon termination of service.
• Compliance note: Late filing can be a minor disclosure/compliance issue and may require correction or attract SEC attention, but does not alter the grant itself.

Context
RSU grants are a form of equity compensation commonly given to directors and employees; they do not represent an immediate purchase or sale of stock and only convert into shares if and when they vest. Grants are routine compensation and should not be interpreted alone as a personal buy/sell signal.