DROPBOX, INC. — Director's Dealing 2018

Mar 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2018-03-27

Reporting Person: Houston Andrew (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-27	Class A Common Stock	C	2333333	$0.00	Acquired	2333333	Indirect
2018-03-27	Class A Common Stock	S	2333333	$20.0655	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-27	Class B Common Stock	$	C	2333333	Disposed		Class A Common Stock (2333333)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10333333	Direct

Footnotes

F1: Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which the Reporting Person serves as trustee.

F2: Represents the sale price to the underwriters in the Issuer's initial public offering of $20.0655 per share.

F3: 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.

F4: 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.