Yoon William T 4

What Happened

• William T. Yoon, Chief Legal Officer of Dropbox, sold a total of 9,175 shares (open-market sales) on March 11, 2026, for combined proceeds of approximately $237,897. The sales break down as 8,775 shares at a weighted average price of $25.90 (≈ $227,271) and 400 shares at a weighted average price of $26.57 (≈ $10,626). These transactions are reported as sales (code S).

Key Details

• Transaction date: March 11, 2026 (filed March 13, 2026 — filing appears timely within the 2-business-day Form 4 window).
• Prices/ranges: 8,775 shares reported at $25.90 (executed across trades at $25.54–$26.49); 400 shares reported at $26.57 (executed across trades at $26.55–$26.59). Reported prices are weighted averages; detailed trade-level prices can be provided on request (per the footnotes).
• Proceeds: ≈ $237,897 total.
• Shares owned after transaction: not disclosed in this filing.
• Notable footnotes:
  • Sale pursuant to a Rule 10b5-1 trading plan adopted December 10, 2025.
  • Filing notes some securities are restricted stock units (RSUs) that convert to shares subject to vesting through February 15, 2029; unvested RSUs are cancellable if service ends.

Context

• These were open-market sales executed under a pre-established 10b5-1 plan, which is a common mechanism for insiders to sell shares according to a preset schedule and is generally considered routine (not an immediate indicator of the insider’s view of the company).