Schubach Sarah Elizabeth 4

What Happened

• Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, sold 1,415 shares on April 15, 2026 at $22.99 per share, producing gross proceeds of approximately $32,531. The transaction is reported as a sale (code S) and is listed as an open-market or private sale.

Key Details

• Transaction date and price: April 15, 2026 — 1,415 shares at $22.99 each.
• Reported proceeds: ≈ $32,531.
• Filing date: April 17, 2026 (Form 4) — appears to be filed within the normal two-business-day window (timely).
• Shares owned after transaction: Not disclosed in the provided filing.
• Notable footnotes:
  • F1: The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2025.
  • F2: Some of the reporting person's securities are restricted stock units (RSUs) that convert to shares per an applicable vesting schedule through February 15, 2030; unvested RSUs are cancelable if she ceases service.

Context

• The sale was executed under a predetermined 10b5-1 plan, which typically allows insiders to sell according to a pre-set schedule and is often considered routine rather than a real-time signal of sentiment. No options were exercised and no purchases were made in this filing.