Peacock Karen 4

What Happened

• Karen Peacock, a director of Dropbox, sold 2,000 shares of Class A common stock on July 7, 2026 at $29.00 per share, totaling $58,000. The transaction is reported as a sale (S) and does not indicate a purchase.

Key Details

• Transaction date and price: July 7, 2026 — 2,000 shares at $29.00 each.
• Report filed: July 9, 2026 (appears timely; two days after the transaction).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note:
  • F1: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Ms. Peacock on December 10, 2025 (prearranged sales plan).
  • F2: Some securities referenced in the filing are restricted stock units (RSUs) that vest through May 21, 2027 (or the day before the issuer’s next annual meeting); unvested RSUs are cancelled if the reporting person ceases to be a service provider.
• Transaction code: S = Sale (open market or private sale as reported).

Context

• Sales under 10b5-1 plans are prearranged and often follow a preset schedule, so they are commonly viewed as routine rather than a direct signal about the insider's view of the company. This filing is informational; it does not disclose the insider’s motives.