DROPBOX, INC. — Director's Dealing 2020

Mar 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2020-03-16

Reporting Person: Ferdowsi Arash (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-16	Class A Common Stock	C	42219.00	$0.00	Acquired	66119.00	Indirect
2020-03-16	Class A Common Stock	S	66119.00	$17.0335	Disposed	0.00	Indirect
2020-03-18	Class A Common Stock	C	39521.00	$0.00	Acquired	39521.00	Indirect
2020-03-18	Class A Common Stock	S	39521.00	$17.0348	Disposed	0.00	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-16	Class B Common Stock	$	C	42219.00	Disposed		Class A Common Stock (42219.00)	Indirect
2020-03-18	Class B Common Stock	$	C	39521.00	Disposed		Class A Common Stock (39521.00)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4400000.00	Direct

Footnotes

F1: 42,219 shares of Class B Common Stock were converted into 42,219 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 $17.11. 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: 39,521 shares of Class B Common Stock were converted into 39,521 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.

F6: This transaction was executed in multiple trades at prices ranging from $17.00 to $17.125. 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.

F7: 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.

F8: 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.