DROPBOX, INC. — Director's Dealing 2021

Jun 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2021-06-11

Reporting Person: Volkmer Bart (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-11	Class A Common Stock	C	90133.00	$0.00	Acquired	403128.00	Direct
2021-06-11	Class A Common Stock	S	90133.00	$29.6527	Disposed	312995.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-11	Stock Option (right to buy)	$4.28	M	90133.00	Disposed	2023-03-10	Class B Common Stock (90133.00)	Direct
2021-06-11	Class B Common Stock	$	M	90133.00	Acquired		Class A Common Stock (90133.00)	Direct
2021-06-11	Class B Common Stock	$	C	90133.00	Disposed		Class A Common Stock (90133.00)	Direct

Footnotes

F1: 90,133 shares of Class B Common Stock were converted into 90,133 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 February 15, 2025. 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: The option exercise and sale reported on this Form 4 were effected 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 $29.46 to $29.98. 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: Shares subject to the option are fully vested and exercisable.

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.