Tennenbaum Ross 4

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.