DROPBOX, INC. — Director's Dealing 2018

Mar 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2018-03-23

Reporting Person: Vashee Ajay (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-23	Class A Common Stock	F	3306	$21.00	Disposed	379459	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-23	Class B Common Stock	$	F	188833	Disposed		Class A Common Stock (188833)	Direct
2018-03-23	Class B Common Stock	$	F	15991	Disposed		Class A Common Stock (15991)	Indirect

Footnotes

F1: Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.

F2: 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.

F3: Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class B Common Stock, subject to the applicable vesting schedule through February 15, 2019. In the event the Reporting Person ceases to be a Service Provider, any then unvested restricted stock units will be cancelled by the Issuer.

F4: These shares are held by the Reporting Person's spouse.