---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-22-000034"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2022-07-01T23:59:59+00:00"
generated_at: "2026-06-24T21:39:51.944262+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CEO Andrew Houston adopts 10b5-1 plan to sell ~3.13M shares for diversification

## Summary
- CEO Andrew Houston adopted 10b5-1 plan to sell up to ~1.60M Class B (converting to A) and ~1.53M Class A shares.
- Plan begins October 2022, lasts ~1 year, for asset diversification and home purchase after marriage.
- Post-sale, Houston's voting power drops from 73.31% to ~71.75%; still holds ~79.5M Class B and ~9.0M Class A shares.
- Plan also covers sales to satisfy income taxes on vesting of co-founder RSA award.

## SEC filing metadata
- accession: 0001467623-22-000034
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2022-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762322000034/0001467623-22-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762322000034/dbx-20220701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-22-000034
- JSON: https://secwatch.observer/filing/0001467623-22-000034.json
- Plain text: https://secwatch.observer/filing/0001467623-22-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.