Schubach Sarah Elizabeth 4

What Happened

• Sarah Schubach, Chief Accounting Officer of Dropbox, sold 1,462 shares of Dropbox Class A common stock in an open-market transaction on January 30, 2026. The shares were sold at $25.79 per share for total proceeds of $37,705.
• This was a sale (code S), which is often routine; the filing indicates the sale was executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: 2026-01-30 — 1,462 shares at $25.79 each (total $37,705).
• Transaction type: Open-market sale (S) executed pursuant to a Rule 10b5-1 plan (adopted May 16, 2025). (Footnote F1)
• Restricted securities note (Footnote F2): Certain securities involved are restricted stock units (RSUs). Each RSU represents the right to receive one share subject to vesting through February 15, 2029; unvested RSUs are canceled if the reporting person ceases to be a service provider.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Filing: Form 4 filed February 3, 2026 (Period of Report: 2026-01-30). No late-filing flag was indicated in the provided information.

Context

• Sales made under Rule 10b5-1 plans are typically pre-arranged and can be routine mechanisms for insiders to divest shares; they do not necessarily reflect the insider’s current view of the company’s prospects.
• For retail investors, purchases by insiders tend to carry more informational weight than routine sales, but tracking both still helps monitor insider activity and potential changes in ownership.