Yoon William T 4
4 · DROPBOX, INC. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) Chief Legal Officer William Yoon Receives Award
What Happened
William T. Yoon, Chief Legal Officer of Dropbox, was granted 200,762 restricted stock units (RSUs) on April 1, 2026. The award was reported on a Form 4 filed April 3, 2026. The RSUs were granted at $0.00 per unit (code A — award/grant), so no cash was exchanged; the reported acquisition value is $0.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely; Form 4s are generally due within 2 business days).
- Grant: 200,762 restricted stock units (each RSU entitles the holder to one share of Class A common stock upon vesting). Price: $0.00; total reported cash value $0.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote highlights:
- F1: RSUs vest quarterly over ~4 years with a staged schedule: 7.85% on May 15, 2026 and each 3-month anniversary through Nov 15, 2026; 8.31% quarterly Feb–Nov 2027; 5.00% quarterly Feb 15, 2028 through Nov 15, 2029; and 3.21% on Feb 15, 2030.
- F2: Certain RSUs are subject to the same vesting schedule through Feb 15, 2030; unvested units will be cancelled if the reporting person ceases to be a service provider.
Context
RSU grants are a form of compensation, not an open‑market purchase or sale. These units convert into shares only as they vest; vesting typically creates taxable income and the employer may withhold shares for taxes. This transaction does not indicate an immediate sale of shares and should be viewed as compensation rather than a direct market bet by the insider.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-04-01+200,762→ 390,317 total
Footnotes (2)
- [F1]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. The restricted stock units vest quarterly over four years as follows: (i) 7.85% of the shares on May 15, 2026 and each three-month anniversary thereafter through November 15, 2026; (ii) 8.31% of the shares on February 15, 2027 and each three-month anniversary thereafter through November 15, 2027; (iii) 5% of the shares on February 15, 2028 and each three-month anniversary thereafter through November 15, 2029; and (iv) 3.21% of the shares on February 15, 2030.
- [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, 2030. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.