Form 4: Dropbox Executive Sells Shares
Insider Transaction (Form 4)
Andrew Houston, Co-CEO, a Director and 10% owner of Dropbox, Inc., sold 29,500 shares of common stock on October 12, 2026 for $35.09 per share.
Summary
- Conversion of derivative: acquired 29,500 Class A Common Stock on October 12, 2026; holds 29,500 after (Indirect).
- Open-market sale: disposed of 29,500 Class A Common Stock at $35.09 ($1,035,235) on October 12, 2026 (Indirect).
- Conversion of derivative: disposed of 29,500 Class B Common Stock on October 12, 2026; holds 65,561,029 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,035,235 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 |
|---|---|---|---|---|---|---|
| 2026-10-12 | Conversion of derivative | Class A Common Stock | 29,500 | — | — | 29,500 |
| 2026-10-12 | Open-market sale | Class A Common Stock | 29,500 | $35 | $1.0M | 0 |
| 2026-10-12 | Conversion of derivative | Class B Common Stock | 29,500 | — | — | 65,561,029 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-12 | Conversion of derivative (29,500 shares) |
| 2026-10-12 | Open-market sale (29,500 shares) |
| 2026-10-12 | Conversion of derivative (29,500 shares) |
Keywords
insider transaction, Form 4, DBX, DROPBOX, INC., bearish, Andrew Houston
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