Schubach Sarah Elizabeth 4
4 · DROPBOX, INC. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) Chief Accounting Officer Sarah Schubach Sells 1,305 Shares
What Happened
Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, sold 1,305 shares of Dropbox Class A common stock on June 30, 2026, at $27.11 per share for proceeds of approximately $35,379. The filing lists the transaction as a sale (S), executed under a pre-established Rule 10b5-1 trading plan adopted May 16, 2025.
Key Details
- Transaction date and price: June 30, 2026 — 1,305 shares at $27.11 per share (total ≈ $35,379).
- Transaction type: Sale (open market or private sale) under a Rule 10b5-1 plan (footnote F1).
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Notable footnote on holdings (F2): Some reported securities are restricted stock units (RSUs) that convert to shares subject to vesting through February 15, 2030; unvested RSUs are cancelled if the reporting person ceases service.
- Filing timeliness: Reported July 2, 2026 — appears timely (Form 4 is typically due within two business days of the transaction).
Context
Trades made under a Rule 10b5-1 plan are pre-scheduled and commonly used by insiders to systematically sell or buy shares; such sales are often routine and do not by themselves indicate management’s view of the company’s prospects. The presence of RSUs in the holder’s compensation mix means some future share deliveries may be subject to vesting.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-30$27.11/sh−1,305$35,379→ 127,204 total
Footnotes (2)
- [F1]These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.
- [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, 2030. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.