Schubach Sarah Elizabeth 4

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.