DROPBOX, INC. — Director's Dealing 2022

Oct 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2022-10-10

Reporting Person: Houston Andrew (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-10	Class A Common Stock	C	150000.00	$0.00	Acquired	866728.00	Indirect
2022-10-10	Class A Common Stock	S	149300.00	$20.4557	Disposed	717428.00	Indirect
2022-10-10	Class A Common Stock	S	700.00	$21.1329	Disposed	716728.00	Indirect
2022-10-10	Class A Common Stock	S	273426.00	$20.4289	Disposed	9023691.00	Direct
2022-10-10	Class A Common Stock	S	800.00	$21.135	Disposed	9022891.00	Direct
2022-10-10	Class A Common Stock	S	272249.00	$20.4315	Disposed	227751.00	Indirect
2022-10-10	Class A Common Stock	S	200.00	$21.15	Disposed	227551.00	Indirect
2022-10-11	Class A Common Stock	S	52551.00	$20.1228	Disposed	175000.00	Indirect
2022-10-11	Class A Common Stock	S	240999.00	$20.129	Disposed	8781892.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-10	Class B Common Stock	$	C	150000.00	Disposed		Class A Common Stock (150000.00)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock ()	72738073.00	Indirect
Class B Common Stock	$		Class A Common Stock ()	500500.00	Indirect

Footnotes

F1: 150,000 shares of Class B Common Stock were converted into 150,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.

F10: Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which reporting person serves as trustee.

F2: Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which 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 $20.12 to $21.11. 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: This transaction was executed in multiple trades at prices ranging from $21.12 to $21.15. 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.

F6: Certain of 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.

F7: Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which reporting person serves as trustee.

F8: This transaction was executed in multiple trades at prices ranging from $19.89 to $20.48. 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.

F9: 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.