Alkarmi Ashraf 4

4 · DROPBOX, INC. · Filed Jun 3, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

Dropbox (DBX) Co-CEO Ashraf Alkarmi Receives RSU Award & Sells Shares

What Happened

Ashraf Alkarmi, Co-CEO and director of Dropbox (DBX), was granted 478,551 restricted stock units (RSUs) on 2026-06-01 (acquisition reported at $0.00) and sold 22,700 shares in an open-market transaction on 2026-06-02 for total proceeds of $632,497 (weighted average price $27.86).
The RSUs are awards (not immediate common shares) that convert to Class A common stock only as they vest under the schedule described below. The sale was an open-market disposition (sale code S).

Key Details

Transaction dates and prices:
- Grant: 478,551 RSUs on 2026-06-01 (reported acquisition value $0.00).
- Sale: 22,700 shares on 2026-06-02, weighted average sale price $27.86; total proceeds $632,497. (Trades executed at $27.82–$28.01 per share; reporting person can provide per-trade details on request.)
Shares owned after transaction: Not specified in the provided filing summary.
Vesting and restrictions (footnotes):
- The 478,551 securities are RSUs; each RSU converts to one share upon vesting. Vesting occurs quarterly through May 15, 2030 under a multi-step schedule (initial 13.83% on Aug 15 and Nov 15, 2026, then varying quarterly percentages through 2030). Unvested RSUs are canceled if Alkarmi ceases service.
Filing timeliness: Filing date 2026-06-03 for a report period of 2026-06-01; no late filing is indicated in the provided details.

Context

RSU grants are long-term compensation that only become actual shares as they vest; they do not represent an immediate purchase of stock. The sale of 22,700 shares was an open-market disposition—common for executives managing tax or diversification—but the filing does not state the source of the sold shares.
For retail investors, purchases or grants can be a stronger signal of insider conviction than routine sales; this filing shows an award of RSUs (future-share potential) and a modest open-market sale (about $632K), both disclosed per SEC reporting rules.

Form 4

Period: 2026-06-01

DirectorCo-CEO

Transactions

Award
Class A Common Stock
[F1][F2]
2026-06-01+478,551→ 1,103,446 total
Sale
Class A Common Stock
[F3][F2]
2026-06-02$27.86/sh−22,700$632,497→ 1,080,746 total

Footnotes (3)

[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) 13.83% of the shares on each of August 15, 2026 and November 15, 2026; (ii) 4.94% of the shares on February 15, 2027 and each three-month anniversary thereafter through November 15, 2027; (iii) 2.16% of the shares on February 15, 2028 and each three-month anniversary thereafter through November 15, 2028; (iv) 6.36% of the shares on February 15, 2029 and each three-month anniversary thereafter through November 15, 2029; and (v) 9.25% of the shares on each of February 15, 2030 and May 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 May 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.
[F3]This transaction was executed in multiple trades at prices ranging from $27.82 to $28.01. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Signature

/s/ Cara Angelmar, Attorney-in-Fact|2026-06-03

4 files