Sarah Elizabeth Schubach, Chief Accounting Officer of Dropbox, Inc. (NASDAQ:DBX), filed a Form 4 on August 24, 2026, reporting the sale of 1,631 shares of Class A Common Stock on August 20, 2026.

Key Highlights

  • Shares sold: 1,631 shares of Class A Common Stock disposed of on August 20, 2026
  • Sale price: $34.01 per share
  • 10b5-1 plan: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Schubach on May 16, 2025
  • Remaining ownership: 116,781 shares of Class A Common Stock beneficially owned following the transaction, held directly
  • RSU component: Certain of the 116,781 securities are restricted stock units, each representing the right to receive one share of Class A Common Stock, subject to a vesting schedule through February 15, 2030
  • RSU cancellation provision: Unvested restricted stock units will be cancelled by the issuer if Schubach ceases to be a Service Provider

Dropbox CAO Share Sale and Beneficial Ownership Details

According to the filing, Sarah Elizabeth Schubach, identified as Chief Accounting Officer of Dropbox, Inc., disposed of 1,631 shares of Class A Common Stock at a price of $34.01 per share on August 20, 2026. The transaction was coded "S" (sale) in Table I of the Form 4 and is reported as a direct holding.

The filing notes that the sale was executed pursuant to a Rule 10b5-1 trading plan that Schubach adopted on May 16, 2025. The form was signed by Cara Angelmar as Attorney-in-Fact and filed on August 24, 2026. Following the reported transaction, Schubach beneficially owned 116,781 shares of Class A Common Stock directly.

The filing further discloses that a portion of those 116,781 securities consists of restricted stock units. Each restricted stock unit, according to the filing, "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." No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The Form 4 reports a single open-market sale of 1,631 Class A Common Stock shares by Dropbox's Chief Accounting Officer at $34.01 per share on August 20, 2026, carried out under a pre-established Rule 10b5-1 plan, leaving 116,781 shares beneficially owned.