Dropbox CAO Sarah Schubach Sells 5,854 Shares (Tax Withholding)

What Happened
Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, had 5,854 shares withheld by the company on August 17, 2026 to satisfy tax withholding obligations related to the vesting and net settlement of restricted stock units. The withholding was at $34.42 per share, for a total value of approximately $201,495. This is a tax-withholding/net settlement disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-17; filing date: 2026-08-19 (timely filing).
• Shares withheld/disposed: 5,854 at $34.42 each; total ≈ $201,495.
• Transaction code: F — shares withheld to satisfy tax withholding on vested RSUs.
• Footnote F1: Issuer withheld shares to satisfy tax withholding and remittance obligations.
• Footnote F2: These securities include restricted stock units (RSUs). Each RSU represents the right to one share, subject to vesting through Feb 15, 2030; unvested RSUs are cancelled if the reporting person ceases service.
• Shares owned after the transaction: not specified in the provided filing.

Context
This was a routine, non-market disposition used to cover tax obligations on vested RSUs (a net settlement), not an intentional open-market sale that might signal a view on the company’s stock. For RSUs, companies commonly withhold a portion of vested shares to meet tax remittance requirements; remaining vested or unvested RSUs continue to be subject to the issuer’s vesting schedule and termination rules.