Peacock Karen 4

What Happened

• Karen Peacock, a director of Dropbox, was granted 9,071 restricted stock units (RSUs) on May 21, 2026. The RSUs were recorded at $0.00 per unit (no cash exchanged at grant). These units represent the right to receive one share of Class A common stock per RSU when they vest.

Key Details

• Transaction date: May 21, 2026; Report filed: May 26, 2026 (filed 5 days after the transaction, which is later than the typical 2-business-day Form 4 deadline).
• Grant: 9,071 RSUs; reported price: $0.00 (award/grant, not an open-market purchase).
• Shares owned after transaction: not specified in the provided filing.
• Vesting/conditions (per footnotes): Each RSU equals one share of Class A common stock. The RSUs vest in full on the earlier of May 21, 2027 or the day prior to the issuer’s next annual meeting of stockholders. Unvested units will be cancelled if the reporting person ceases to be a Service Provider.

Context

• RSUs are a form of equity compensation, not an immediate purchase or sale. They do not represent tradable shares until they vest and are settled, so this grant does not indicate an immediate market transaction. The filing’s late date may be a procedural issue but does not change the substance of the grant.