Tennenbaum Ross 4
4 · DROPBOX, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) CFO Ross Tennenbaum Sells 14,496 Shares
What Happened
Ross Tennenbaum, Chief Financial Officer of Dropbox, had 14,496 shares disposed on February 17, 2026 as a tax withholding in connection with the vesting and net settlement of previously granted restricted stock units (RSUs). The shares were valued at $24.53 each, for a total of $355,587. This was a withholding-for-taxes event (routine disposition) rather than an open-market sale motivated by investment views.
Key Details
- Transaction date and price: 2026-02-17 at $24.53 per share.
- Shares disposed: 14,496; total value reported: $355,587.
- Shares owned after transaction: not specified in this Form 4.
- Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding obligations; F2 — these are RSUs that vest per schedule through Nov 15, 2029 and unvested units are canceled if the reporting person ceases to be a service provider.
- Filing: Form 4 filed 2026-02-19 covering the Feb 17 transaction; filing appears timely.
Context
This transaction is a cashless/net-settlement tax withholding of vested RSUs (transaction code F), a common administrative event that does not necessarily signal insider sentiment about the company's stock. For retail investors: purchases are generally more informative about insider conviction than routine withholdings.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-02-17$24.53/sh−14,496$355,587→ 799,930 total
Footnotes (2)
- [F1]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
- [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 November 15, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.