Peacock Karen 4

What Happened
Karen Peacock, a director of Dropbox, Inc. (DBX), sold 2,000 shares on March 11, 2026 at $26.50 per share, generating proceeds of $53,000. The transaction is reported as a sale (code S) and appears to be part of routine disposition rather than a purchase.

Key Details

• Transaction date and price: March 11, 2026 — 2,000 shares at $26.50 each.
• Total proceeds: $53,000.
• Filing date: Form 4 filed March 13, 2026; appears timely for a Mar 11 transaction.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Ms. Peacock on December 10, 2025.
  • F2: Some securities involved are restricted stock units (RSUs) that convert to one share each as they vest through May 15, 2026 (or the day before the next annual meeting); unvested RSUs are cancelled if the reporting person ceases service.

Context
Sales made under a pre-established 10b5-1 plan are typically scheduled in advance and are generally considered routine liquidity events rather than directional bets on the stock. The transaction does not indicate insider purchase activity, and the presence of RSUs means some dispositions may relate to vesting/tax considerations.