Houston Andrew's Form 4 filing
Dropbox, Inc. (DBX) · filed Oct 12, 2022
- Accession no.
- 0001562180-22-007168
- Filed
- Oct 12, 2022
- Trade date
- Oct 10-11, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 9 non-derivative transactions and 1 derivative transaction. Open-market sales total $20.1M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Houston AndrewCIK 0001734563 | Director, Officer (Chief Executive Officer), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 10, 2022 | Class A Common Stock | CConversionAcquired | +150,000 | $0.00F1 | $0 | 866,728 | Indirect | |
| Oct 10, 2022 | Class A Common Stock | SSaleDisposed | −149,300 | $20.46F4 | −$3,054,678 | 717,428 | Indirect | |
| Oct 10, 2022 | Class A Common Stock | SSaleDisposed | −700 | $21.13F5 | −$14,791 | 716,728 | Indirect | |
| Oct 10, 2022 | Class A Common Stock | SSaleDisposed | −273,426 | $20.43F4 | −$5,586,093.18 | 9,023,691 | Direct | |
| Oct 10, 2022 | Class A Common Stock | SSaleDisposed | −800 | $21.14F5 | −$16,912 | 9,022,891 | Direct | |
| Oct 10, 2022 | Class A Common Stock | SSaleDisposed | −272,249 | $20.43F4 | −$5,562,047.07 | 227,751 | Indirect | |
| Oct 10, 2022 | Class A Common Stock | SSaleDisposed | −200 | $21.15 | −$4,230 | 227,551 | Indirect | |
| Oct 11, 2022 | Class A Common Stock | SSaleDisposed | −52,551 | $20.12F8 | −$1,057,326.12 | 175,000 | Indirect | |
| Oct 11, 2022 | Class A Common Stock | SSaleDisposed | −240,999 | $20.13F8 | −$4,851,309.87 | 8,781,892 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 10, 2022 | Class A Common Stock | CConversionDisposed | −150,000 | $0.00 | $0 | 7,743,764 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
150,000 shares of Class B Common Stock were converted into 150,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $20.12 to $21.11. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 3 transactions in Table I.
- F5
This transaction was executed in multiple trades at prices ranging from $21.12 to $21.15. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 2 transactions in Table I.
- F8
This transaction was executed in multiple trades at prices ranging from $19.89 to $20.48. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 2 transactions in Table I.