Webster Eric T 4

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.