DROPBOX, INC. — Director's Dealing 2020

Mar 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2020-03-19

Reporting Person: Ferdowsi Arash (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-19	Class A Common Stock	C	19360.00	$0.00	Acquired	19360.00	Indirect
2020-03-19	Class A Common Stock	S	19360.00	$17.0574	Disposed	0.00	Indirect
2020-03-19	Class A Common Stock	D	4400000.00	$0.00	Disposed	0.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-19	Class B Common Stock	$	C	19360.00	Disposed		Class A Common Stock (19360.00)	Indirect

Footnotes

F1: 19,360 shares of Class B Common Stock were converted into 19,360 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.

F2: Shares held by the Arash Ferdowsi Revocable Trust u/a/d 4/20/2012, for which the Reporting Person serves as trustee.

F3: These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.

F4: This transaction was executed in multiple trades at prices ranging from $17.00 to $17.16. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F5: In connection with the termination of the reporting person as an officer of the issuer, the reporting person has disposed 4,400,000 shares to the issuer pursuant to the terms of a restricted stock agreement between the issuer and the reporting person.

F6: 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.