# EDGAR Filing Document

**Accession Number:** 0001467623
**File Stem:** 0001467623-25-000099
**Filing Date:** 2025-6
**Character Count:** 8714
**Document Hash:** 7d021e0ceff8b45b62e89b72fe61b270
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001467623-25-000099.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001467623-25-000099

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250611

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Houston Andrew
- **CENTRAL INDEX KEY:** 0001734563

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38434
- **FILM NUMBER:** 251047029

**MAIL ADDRESS:**
- **STREET 1:** 333 BRANNAN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DROPBOX, INC.
- **CENTRAL INDEX KEY:** 0001467623
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 260138832
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1800 OWENS STREET, SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94158
- **BUSINESS PHONE:** 415-986-7057

**MAIL ADDRESS:**
- **STREET 1:** 1800 OWENS STREET, SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94158

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dropbox, Inc.
- **DATE OF NAME CHANGE:** 20140210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Evenflow, Inc.
- **DATE OF NAME CHANGE:** 20090702

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[x] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Houston Andrew<br><sub>(Last) (First) (Middle)</sub><br>1800 OWENS STREET<br>SUITE 200<br><sub>(Street)</sub><br>SAN FRANCISCO, CA 94158<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-06-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>DROPBOX, INC. [ DBX ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-06-11 |  | C |  | 184000 | A | 0<sup>(1)</sup> | 184000 | I | See Footnote<sup>(2)</sup> |
| Class A Common Stock | 2025-06-11 |  | S<sup>(3)</sup> |  | 184000 | D | 28.4826<sup>(4)</sup> | 0 | I | See Footnote<sup>(2)</sup> |
| Class A Common Stock | 2025-06-11 |  | C |  | 135000 | A | 0<sup>(5)</sup> | 851728 | I | See Footnote<sup>(6)</sup> |
| Class A Common Stock | 2025-06-11 |  | S<sup>(3)</sup> |  | 135000 | D | 28.4827<sup>(4)</sup> | 716728 | I | See Footnote<sup>(6)</sup> |
| Class A Common Stock |  |  |  |  |  |  |  | 8266666<sup>(7)</sup> | D |  |
| Class A Common Stock |  |  |  |  |  |  |  | 444444 | I | See Footnote<sup>(8)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | <sup>(9)</sup> | 2025-06-11 |  | C |  |  | 184000 | <sup>(9)</sup> | <sup>(9)</sup> | Class A Common Stock | 184000 | 0<sup>(1)</sup> | 67559629 | I | See foonote<sup>(2)</sup> |
| Class B Common Stock | <sup>(9)</sup> | 2025-06-11 |  | C |  |  | 135000 | <sup>(9)</sup> | <sup>(9)</sup> | Class A Common Stock | 135000 | 0<sup>(5)</sup> | 7608764 | I | See Footnote<sup>(6)</sup> |
| Class B Common Stock | <sup>(9)</sup> |  |  |  |  |  |  | <sup>(9)</sup> | <sup>(9)</sup> | Class A Common Stock | 500500 |  | 500500 | I | See foonote<sup>(10)</sup> |

---

### Footnotes:

(1) 184,000 shares of Class B Common Stock were converted into 184,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.

(2) Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which Reporting Person serves as trustee.

(3) These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2025.

(4) This transaction was executed in multiple trades at prices ranging from $28.07 to $28.87. 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.

(5) 135,000 shares of Class B Common Stock were converted into 135,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.

(6) The Shares are held by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting Person serves as trustee.

(7) These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.

(8) Shares held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which the Reporting Person's spouse serves as trustee.

(9) The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.

(10) Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which Reporting Person serves as trustee.

**Signature:** /s/ Cara Angelmar, Attorney-in-Fact  
**Date:** 2025-06-13

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**