DROPBOX, INC. — Director's Dealing 2020

Nov 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2020-11-16

Reporting Person: Regan Timothy (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-16	Class A Common Stock	C	3151.00	$0.00	Acquired	339034.00	Direct
2020-11-16	Class A Common Stock	F	11064.00	$19.06	Disposed	327970.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-16	Class B Common Stock	$	C	3151.00	Disposed		Class A Common Stock (3151.00)	Direct
2020-11-16	Class B Common Stock	$	F	3099.00	Disposed		Class A Common Stock (3099.00)	Direct

Footnotes

F1: 3,151 shares of Class B Common Stock were converted into 3,151 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.

F2: Certain of these securities are restricted stock awards and restricted stock units. Each restricted stock award or 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 August 15, 2024. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock awards and restricted stock units will be cancelled by the Issuer.

F3: 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 and restricted stock awards previously reported.

F4: 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 November 15, 2020. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock unit will be cancelled by the Issuer.

F5: 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.