Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, Inc., filed a Form 4 on November 3, 2026, reporting the sale of 2,055 shares of Class A Common Stock on October 30, 2026.

Key Highlights

  • Reporting person: Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, Inc. (NASDAQ:DBX)
  • Transaction: 2,055 shares of Class A Common Stock disposed of (transaction code S) on October 30, 2026
  • Sale price: $36.44 per share
  • Post-transaction holdings: 128,766 shares of Class A Common Stock beneficially owned directly following the reported transaction
  • 10b5-1 plan: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Schubach on June 4, 2026
  • RSU note: Certain securities in the post-transaction total are restricted stock units, each representing the right to receive one share of Class A Common Stock, subject to vesting through February 15, 2030

Schubach's October 2026 Share Sale Under Scheduled 10b5-1 Plan

According to the filing, Schubach sold 2,055 shares of Dropbox Class A Common Stock on October 30, 2026, at a price of $36.44 per share. The filing indicates the transaction was carried out directly and was coded as a sale (S). The form was signed by Cara Angelmar as Attorney-in-Fact and filed on November 3, 2026.

The filing discloses that the sale was executed pursuant to a Rule 10b5-1 trading plan that Schubach adopted on June 4, 2026. The filing box confirming the Rule 10b5-1(c) affirmative defense conditions is checked. Following this transaction, the filing reports that Schubach directly holds 128,766 shares of Class A Common Stock.

The filing notes that certain of those remaining securities are restricted stock units. As described in the filing, "each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through February 15, 2030." The filing further states that unvested restricted stock units will be cancelled by the issuer if Schubach ceases to be a Service Provider. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

Dropbox, Inc.'s Chief Accounting Officer, Sarah Elizabeth Schubach, reported the disposal of 2,055 shares of Class A Common Stock at $36.44 per share on October 30, 2026, under a pre-established Rule 10b5-1 plan, leaving her with 128,766 shares directly held.