Yoon William T 4
4 · DROPBOX, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) Chief Legal Officer William Yoon Withholds 7,498 Shares
What Happened
William T. Yoon, Chief Legal Officer of Dropbox, had 7,498 shares disposed (withheld) on Feb 17, 2026 to satisfy tax withholding obligations tied to the vesting/net settlement of previously granted restricted stock units. The shares were valued at $24.53 each for a total of $183,926. This was a tax-withholding/net settlement action (routine) rather than an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (Form 4 filed within the normal two-business-day window).
- Transaction type/code: F — shares withheld to satisfy tax withholding and remittance obligations.
- Shares withheld/disposed: 7,498 at $24.53 per share; total value reported $183,926.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Shares were withheld by the issuer to satisfy tax withholding in connection with vesting and net settlement of RSUs.
- F2: Some securities are restricted stock units (RSUs); each RSU converts to one Class A share subject to vesting through Feb 15, 2029; unvested RSUs are cancelled if the reporting person ceases to be a service provider.
Context
This was a cashless/net-settlement tax withholding related to vested RSUs — a common administrative step and not necessarily an indication of the insider’s market view. Unlike an open-market sale (code S) or a purchase (code P), withholding to cover taxes typically reflects vesting events and routine compensation administration.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-02-17$24.53/sh−7,498$183,926→ 198,730 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 February 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.