Form 4: Dropbox Executive Sells Shares
Insider Transaction (Form 4)
Andrew Houston, Co-CEO, a Director and 10% owner of Dropbox, Inc., sold 354,300 shares of common stock on October 1, 2026 for $34.01 per share.
Summary
- Conversion of derivative: acquired 354,300 Class A Common Stock on October 1, 2026; holds 354,300 after (Indirect).
- Open-market sale: disposed of 354,300 Class A Common Stock at $34.01 ($12,049,814) on October 1, 2026 (Indirect).
- Conversion of derivative: disposed of 354,300 Class B Common Stock on October 1, 2026; holds 65,590,529 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $12,049,814 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 |
|---|---|---|---|---|---|---|
| 2026-10-01 | Conversion of derivative | Class A Common Stock | 354,300 | — | — | 354,300 |
| 2026-10-01 | Open-market sale | Class A Common Stock | 354,300 | $34 | $12.0M | 0 |
| 2026-10-01 | Conversion of derivative | Class B Common Stock | 354,300 | — | — | 65,590,529 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-01 | Conversion of derivative (354,300 shares) |
| 2026-10-01 | Open-market sale (354,300 shares) |
| 2026-10-01 | Conversion of derivative (354,300 shares) |
Keywords
insider transaction, Form 4, DBX, DROPBOX, INC., bearish, Andrew Houston
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