DROPBOX, INC. — Director's Dealing 2018

Mar 23, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2018-03-22

Reporting Person: Vashee Ajay (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	382765	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (673418)		Direct
Class B Common Stock	$		Class A Common Stock (58465)		Indirect

Footnotes

F1: 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 November 15, 2021. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

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 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, the unvested restricted stock units will be cancelled by the Issuer.

F3: 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: These shares are held by the Reporting Person's spouse.