# EDGAR Filing Document

**Accession Number:** 0001734563
**File Stem:** 0001562180-23-002605
**Filing Date:** 2023-3
**Character Count:** 10114
**Document Hash:** db9b28e53f7147d79a8e7ecf705ecd52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562180-23-002605.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001562180-23-002605

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230306

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**REPORTING-OWNER**: 

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

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38434
- **FILM NUMBER:** 23716118

**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]
- **IRS NUMBER:** 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

## Ex-24

```

LIMITED POWER OF ATTORNEY - SECURITIES LAW COMPLIANCE

The undersigned, as an officer or director of Dropbox,
 Inc. (the "Corporation"), hereby constitutes and
 appoints Timothy Regan, Bart Volkmer and Cara Angelmar,
 each the undersigned's true and lawful attorney-in-fact
 and agent to complete and execute such Forms 144,
 Form ID, Forms 3, 4 and 5 and other forms as such
 attorney shall in his or her discretion determine to
 be required or advisable pursuant to Rule 144
 promulgated under the Securities Act of 1933, as
 amended, Section 16 of the Securities Exchange Act of
 1934, as amended, and the rules and regulations
 promulgated thereunder, or any successor laws and
 regulations, as a consequence of the undersigned's
 ownership, acquisition or disposition of
 securities of the Corporation, and to do all acts
 necessary in order to file such forms with the Securities
 and Exchange Commission, any securities exchange or
 national association, the Corporation and such other
 person or agency as the attorney shall deem appropriate.

The undersigned hereby ratifies and confirms all that
 said attorneys-in-fact and agents shall do or cause
 to be done by virtue hereof. The undersigned
 acknowledges that the foregoing attorneys-in-fact,
 in serving in such capacity at the request of the
 undersigned, are not assuming, nor is the Company
 assuming, any of the undersigned's responsibilities
 to comply with Section 16 of the Securities Exchange
 Act of 1934 (as amended).

This Limited Power of Attorney shall remain in full
 force and effect until the undersigned is no longer
 required to file Forms 3, 4 and 5 with respect to the
 undersigned's holdings of and transactions in
 securities issued by the Corporation unless earlier
 revoked by the undersigned in a writing delivered
 to the foregoing attorneys-in-fact.

This Limited Power of Attorney is executed as of
 the date set forth below.

Signature:   /s/ Andrew Houston
Print Name: Andrew Houston
Dated:  1/22/2021

```

### 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).

[ ] 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>2023-03-06 | **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 | 2023-03-06 |  | C |  | 162500.00 | A | 0.00<sup>(1)</sup> | 162500.00 | I | See footnote<sup>(2)</sup> |
| Class A Common Stock | 2023-03-06 |  | S<sup>(3)</sup> |  | 162500.00 | D | 20.5546<sup>(4)</sup> | 0.00 | I | See footnote<sup>(2)</sup> |
| Class A Common Stock |  |  |  |  |  |  |  | 8781892.00<sup>(5)</sup> | D |  |
| Class A Common Stock |  |  |  |  |  |  |  | 716728.00 | I | See Footnote<sup>(6)</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>(7)</sup> | 2023-03-06 |  | C |  |  | 162500.00 | <sup>(7)</sup> | <sup>(7)</sup> | Class A Common Stock | 162500.00 | $0.00 | 72100573.00 | I | See foonote<sup>(2)</sup> |
| Class B Common Stock | <sup>(7)</sup> |  |  |  |  |  |  | <sup>(7)</sup> | <sup>(7)</sup> | Class A Common Stock | <sup>(7)</sup> |  | 7743764.00 | I | See footnote<sup>(6)</sup> |
| Class B Common Stock | <sup>(7)</sup> |  |  |  |  |  |  | <sup>(7)</sup> | <sup>(7)</sup> | Class A Common Stock | <sup>(7)</sup> |  | 500500.00 | I | See footnote<sup>(8)</sup> |

---

### Footnotes:

(1) 162,5000 shares of Class B Common Stock were converted into 162,500 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 entered into by the Reporting Person.

(4) This transaction was executed in multiple trades at prices ranging from $20.29 to $20.86. 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) Certain of 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.

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

(7) 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.

(8) 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:** 2023-03-08

### 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.**