Webster Eric T 4
4 · DROPBOX, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Dropbox (DBX) CBO Eric Webster Sells 12,871 Shares
What Happened
Eric T. Webster, Chief Business Officer of Dropbox, had 12,871 shares disposed (withheld) to satisfy tax withholding obligations related to the vesting and net settlement of restricted stock units. The shares were valued at $26.20 each, for a total disposition value of $337,220. This transaction is a tax-withholding/net settlement (routine), not an open-market sale.
Key Details
- Transaction date: 2026-05-15
- Transaction type/code: F — shares withheld to satisfy tax withholding (net settlement of RSUs)
- Price per share: $26.20; Total value (disposed): $337,220
- Shares owned after transaction: Not reported in the Form 4 filing
- Filing date / timeliness: Filed 2026-05-19 (filed within the typical 2-business-day SEC window for Form 4)
- Footnotes:
- F1: Shares were withheld by the issuer to satisfy tax withholding and remittance obligations in connection with vesting and net settlement of previously reported RSUs.
- F2: Some securities are RSUs; each RSU converts to one Class A share subject to vesting through Nov 15, 2029. Unvested RSUs are canceled if the reporting person ceases service.
Context
This was a cashless/net settlement action to cover taxes on vested RSUs — a routine administrative transaction rather than a discretionary sale. Such withholding reduces the number of shares received at vesting and does not necessarily indicate insider sentiment about the company's stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-05-15$26.20/sh−12,871$337,220→ 446,886 total
Footnotes (2)
- [F1]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
- [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 November 15, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.