DROPBOX, INC. — Director's Dealing 2018

Aug 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2018-08-24

Reporting Person: Houston Andrew (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-24	Class A Common Stock	S	61728	$27.1595	Disposed	86236	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10333333	Direct

Footnotes

F1: The shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting Person serves as trustee (the "Remainder Trust").

F2: This transaction was executed in multiple trades at prices ranging from $27.00 to $27.92. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: The shares are held by the Remainder Trust.

F4: These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.