DROPBOX, INC. — Director's Dealing 2018

May 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2018-04-27

Reporting Person: JACOBS PAUL E (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-27	Class A Common Stock	C	53333.00	$0.00	Acquired	67619.00	Direct
2018-04-27	Class A Common Stock	C	172711.00	$0.00	Acquired	172711.00	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-27	Class B Common Stock	$	C	53333.00	Disposed		Class A Common Stock (53333.00)	Direct
2018-04-27	Class B Common Stock	$	C	172711.00	Disposed		Class A Common Stock (172711.00)	Indirect

Footnotes

F1: 53,333 shares of Class B Common Stock were converted into 53,333 shares of Class A Common Stock at the election of the Reporting Person. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.

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 the earlier of May 15, 2019 or the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a
Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

F3: 172,711 shares of Class B Common Stock were converted into 172,711 shares of Class A Common Stock at the election of the Reporting Person. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.

F4: Shares are held by Paul E. Jacobs Trust u/a/d November 7, 2014, for which the Reporting Person serves as trustee.