Houston Andrew's Form 4 filing
Dropbox, Inc. (DBX) · filed Jan 6, 2025
- Accession no.
- 0001562180-25-000212
- Filed
- Jan 6, 2025
- Trade date
- Jan 2-3, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $15.0M. It was filed 4 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 |
|---|---|---|---|---|---|---|---|---|
| Jan 2, 2025 | Class A Common Stock | CConversionAcquired | +500,323 | $0.00F1 | $0 | 500,323 | Indirect | |
| Jan 2, 2025 | Class A Common Stock | SSaleDisposed | −500,323 | $29.65F4 | −$14,834,576.95 | 0 | Indirect | |
| Jan 3, 2025 | Class A Common Stock | CConversionAcquired | +4,257 | $0.00F5 | $0 | 4,257 | Indirect | |
| Jan 3, 2025 | Class A Common Stock | SSaleDisposed | −4,257 | $30.00F6 | −$127,710 | 0 | Indirect |
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 |
|---|---|---|---|---|---|---|---|---|
| Jan 2, 2025 | Class A Common Stock | CConversionDisposed | −500,323 | $0.00 | $0 | 67,858,302 | Indirect | |
| Jan 3, 2025 | Class A Common Stock | CConversionDisposed | −4,257 | $0.00 | $0 | 67,854,045 | 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
500,323 shares of Class B Common Stock were converted into 500,323 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 $29.40 to $30.35. 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 1 transaction in Table I.
- F5
4,257 shares of Class B Common Stock were converted into 4,257 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.
- F6
This transaction was executed in multiple trades at prices ranging from $30.00 to $30.01. 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 1 transaction in Table I.