Alkarmi Ashraf 4
4 · DROPBOX, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) GM Alkarmi Ashraf Sells 21,446 Shares
What Happened
Alkarmi Ashraf, General Manager, Core at Dropbox, had 21,446 shares (Class A) withheld to satisfy tax withholding obligations in connection with the vesting and net settlement of restricted stock units. The shares were recorded disposed at $26.20 each, for a total value of approximately $561,885. This was a tax-withholding/net-settlement action (Form 4 code F), not an open-market sale for cash.
Key Details
- Transaction date: 2026-05-15; Filing date: 2026-05-19 (Form 4 accession 0002060166-26-000008).
- Price per share: $26.20; Total value of withheld shares: ~$561,885.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote F1: Shares were withheld by the issuer to satisfy tax withholding and remittance obligations related to RSU vesting/net settlement.
- Footnote F2: These securities include restricted stock units that vest through November 15, 2029; unvested RSUs are cancelled if the reporting person ceases to be a service provider.
- Filing timeliness: The record shows a May 19 filing for a May 15 transaction; timeliness (late or on-time) is not indicated in the provided data.
Context
This was a routine tax-withholding action tied to RSU vesting (a cashless/net-settlement process), which should not be interpreted the same as an open-market sale indicating bearish sentiment. For retail investors tracking insider activity, purchases or open-market sales may be more informative; tax-withholding disposals are common when equity awards vest.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-05-15$26.20/sh−21,446$561,885→ 624,895 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 November 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.