Form 4: Dropbox CFO Timothy Regan Reports Stock Transaction

Chief Financial Officer of Dropbox, Timothy Regan, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 18, 2025, Dropbox CFO Timothy Regan reported a transaction involving Class A Common Stock.
• The transaction involved the withholding of 20,973 shares to cover tax obligations related to the vesting of restricted stock units at a price of $32.78 per share.
• Following the transaction, Regan directly owns 375,291 shares of Class A Common Stock.
• Certain of these securities are restricted stock awards and restricted stock units, each representing the right to receive one share of Class A Common Stock, vesting through February 15, 2028.
• Unvested restricted stock awards and units will be cancelled if Regan ceases to be a service provider.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The report indicates ongoing vesting of restricted stock units through February 15, 2028, subject to continued service.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors.

Key Dates

Keywords

Form 4, Dropbox, DBX, Timothy Regan, CFO, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding