Schubach Sarah Elizabeth 4
4 · DROPBOX, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) CAO Sarah Schubach Sells 4,921 Shares
What Happened
Sarah Elizabeth Schubach, Chief Accounting Officer at Dropbox (DBX), disposed of a total of 4,921 shares following RSU vesting. On Feb 17, 2026, 3,505 shares were withheld by the company to cover tax withholding (3,505 × $24.53 = $85,978). On Feb 18, 2026, 1,416 shares were sold in the open market at $24.49 each (1,416 × $24.49 = $34,678). Total proceeds/withheld value ≈ $120,656. These were sales/withholdings (not purchases).
Key Details
- Transaction dates and prices:
- 2026-02-17: 3,505 shares withheld at $24.53 (tax withholding/net settlement).
- 2026-02-18: 1,416 shares sold open market at $24.49 under a pre-set plan.
- Total shares disposed: 4,921; combined value ≈ $120,656.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Withheld shares to satisfy tax withholding on vested RSUs.
- F2: These securities include restricted stock units that vest through Feb 15, 2029 and will be cancelled if service terminates before vesting.
- F3: The Feb 18 sale was made pursuant to a Rule 10b5-1 trading plan adopted May 16, 2025.
- Filing timeliness: Reported period 2026-02-17 and filed 2026-02-19 — appears timely (not marked late).
Context
The Feb 17 transaction is a routine net settlement/tax withholding of vested RSUs (issuer withheld shares rather than a cash tax payment). The Feb 18 sale was executed under an existing 10b5-1 plan, which is a pre-established trading arrangement and common for executives to systematically sell shares. Such tax-withholding and plan-based sales are generally considered routine and do not, by themselves, indicate a change in insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-02-17$24.53/sh−3,505$85,978→ 87,735 total - Sale
Class A Common Stock
[F3][F2]2026-02-18$24.49/sh−1,416$34,678→ 86,319 total
Footnotes (3)
- [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 February 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.
- [F3]These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.