Dropbox (DBX) CAO Sarah Schubach Sells 1,631 Shares

What Happened
Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, sold 1,631 shares of Dropbox common stock on August 20, 2026 at $34.01 per share, generating gross proceeds of $55,470. This was a disposition (sale), not a purchase or grant.

Key Details

• Transaction date and price: 2026-08-20 at $34.01 per share; total proceeds $55,470.
• Transaction type: Sale (Form 4 code S), described as an open market or private sale.
• Filing date: Form 4 filed with the SEC on 2026-08-24 (transaction dated 2026-08-20).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote 1: The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2025.
• Footnote 2: Certain reported securities are restricted stock units (RSUs). Each RSU represents the right to receive one share subject to a vesting schedule through February 15, 2030; unvested RSUs are cancelled if the reporting person ceases to be a service provider.

Context
A sale executed under a pre-established Rule 10b5-1 plan is a prearranged transaction. RSUs mentioned in the filing are not yet vested shares until they meet their vesting conditions through Feb 15, 2030. This summary is factual and does not infer the insider’s motivation.