Schubach Sarah Elizabeth 4

What Happened
Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, sold 1,306 shares of Dropbox common stock in an open-market transaction on June 15, 2026. The shares were disposed at $26.90 per share, for total proceeds of approximately $35,131. This transaction was a sale (not a purchase) and was executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: June 15, 2026 — 1,306 shares sold at $26.90 per share (total ≈ $35,131).
• Filing date: Form 4 filed June 17, 2026 (covers the June 15 transaction); appears to be timely.
• Plan/footnotes: Sale executed pursuant to a Rule 10b5-1 trading plan adopted May 16, 2025 (F1).
• Restricted stock units: Footnote notes some holdings are restricted stock units (RSUs) that vest through February 15, 2030; unvested RSUs are cancelled if the reporting person ceases to be a service provider (F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
A 10b5-1 trading plan indicates the sale was made under a prearranged plan that allows insiders to trade at predetermined times; such sales are often routine and do not necessarily signal a change in the insider’s view of the company. The filing involves common stock and referenced RSUs — RSUs themselves vest over time and are subject to cancellation if the insider leaves service.