Dropbox (DBX) CFO Ross Tennenbaum Receives Award

What Happened

• Ross Tennenbaum, Chief Financial Officer of Dropbox, was granted 28,945 restricted stock units (RSUs) on September 1, 2026. The RSUs were granted at $0.00 per unit (total cash paid: $0) as an award/compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-03 (filing appears timely).
• Grant: 28,945 RSUs at $0.00 per unit (award code A on the Form 4).
• Total cash exchanged at grant: $0 (compensation award).
• Vesting: Some RSUs vest on August 15, 2027; certain RSUs vest per an applicable schedule through November 15, 2029. Unvested units cancel if the reporting person ceases service (per footnotes).
• Shares owned after the transaction: not specified in the provided filing.

Context

• RSUs are a form of equity compensation that convert into shares only after vesting; they do not represent immediately tradable shares. Grants are routine compensation and should not be interpreted as a direct buy or sell signal.