Form 4: Dropbox Executive Sells Shares
Insider Transaction (Form 4)
Andrew Houston, Co-CEO, a Director and 10% owner of Dropbox, Inc., sold 383,800 shares of common stock on September 10, 2026.
Summary
- Conversion of derivative: acquired 383,800 Class A Common Stock on September 10, 2026; holds 383,800 after (Indirect).
- Open-market sale: disposed of 324,432 Class A Common Stock at $34.98 ($11,350,091) on September 10, 2026; holds 59,368 after (Indirect).
- Open-market sale: disposed of 59,368 Class A Common Stock at $35.19 ($2,089,124) on September 10, 2026 (Indirect).
- Conversion of derivative: disposed of 383,800 Class B Common Stock on September 10, 2026; holds 65,944,829 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $13,439,216 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Andrew Houston — Director, Officer (Co-CEO), 10% owner
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-10 | Conversion of derivative | Class A Common Stock | 383,800 | — | — | 383,800 |
| 2026-09-10 | Open-market sale | Class A Common Stock | 324,432 | $35 | $11.4M | 59,368 |
| 2026-09-10 | Open-market sale | Class A Common Stock | 59,368 | $35 | $2.1M | 0 |
| 2026-09-10 | Conversion of derivative | Class B Common Stock | 383,800 | — | — | 65,944,829 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-10 | Conversion of derivative (383,800 shares) |
| 2026-09-10 | Open-market sale (324,432 shares) |
| 2026-09-10 | Open-market sale (59,368 shares) |
| 2026-09-10 | Conversion of derivative (383,800 shares) |
Keywords
insider transaction, Form 4, DBX, DROPBOX, INC., bearish, Andrew Houston
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