Dropbox Co-CEO Alkarmi Withholds 47,865 Shares for Taxes

What Happened Alkarmi Ashraf, Co‑CEO and director of Dropbox, had 47,865 shares withheld by the company on August 17, 2026 to satisfy tax withholding obligations related to the vesting and net settlement of restricted stock units. The withholding price was $34.42 per share, totaling approximately $1,647,513. This transaction is a tax-withholding/net settlement of RSUs (routine disposition), not an open-market sale or buy.

Key Details

• Transaction date and price: August 17, 2026 — 47,865 shares withheld at $34.42 each (total ≈ $1,647,513).
• Transaction code: F (payment of exercise price or tax liability — here, tax withholding on RSU vesting).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Shares were withheld by the issuer to satisfy tax withholding and remittance obligations on vested RSUs.
  • F2 — Some securities involved are RSUs; each RSU converts to one share subject to vesting through May 15, 2030; unvested RSUs are cancelled if the reporting person ceases service.
• Filing timeliness: Report covers period 2026-08-17 and was filed 2026-08-19 (appears timely under Form 4 rules).

Context This was a net settlement/tax-withholding event tied to RSU vesting, which is a common, administrative disposition and does not by itself indicate a change in insider sentiment. Unlike an open-market sale, the company withheld shares directly to cover taxes rather than the insider selling shares on the market.