Schubach Sarah Elizabeth 4
4 · DROPBOX, INC. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) CAO Sarah Schubach Sells 1,306 Shares
What Happened
- Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, sold 1,306 shares of Dropbox common stock on July 15, 2026. The shares were sold at $30.13 per share for a total of approximately $39,350. The filing lists the transaction as an open-market sale.
Key Details
- Transaction date: 2026-07-15; Filing date (Form 4): 2026-07-17.
- Price and amount: 1,306 shares at $30.13 each; total ≈ $39,350.
- Transaction type: Sale (code S).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes:
- F1: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2025.
- F2: The filing notes certain securities are restricted stock units (RSUs) that convert to shares subject to vesting through Feb 15, 2030; unvested RSUs are canceled if the reporting person ceases service.
- Timeliness: Filing occurred two days after the transaction date (within the typical two-business-day Form 4 reporting window).
Context
- Sales executed under a 10b5-1 plan are pre-scheduled trades and are generally treated as routine rather than a near-term signal of the insider’s view of the company. For retail investors, purchases tend to be more informative about insider conviction; this filing documents a routine sale.
Insider Transaction Report
Form 4
Schubach Sarah Elizabeth
Chief Accounting Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-07-15$30.13/sh−1,306$39,350→ 125,898 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.
Signature
/s/ Cara Angelmar, Attorney-in-Fact|2026-07-17