DROPBOX, INC. — fact timeline

DROPBOX, INC. amended Amendment No. 2 to Credit and Guaranty Agreement with the guarantors party thereto, the lenders party thereto, the issuing bank party thereto and the administrative and collateral agent (effective 2026-06-01).

“On June 1, 2026, the Company entered into Amendment No. 2 (the “Second Amendment”) to its existing Credit and Guaranty Agreement, dated as of December 11, 2024, as amended by Amendment No. 1 to Credit and Guaranty Agreement, dated as of September 9, 2025 ( the “Existing Term Loan Credit Agreement”), by and among the Company, the guarantors party thereto, the lenders party thereto, the issuing bank party thereto and the administrative and collateral agent.”

DROPBOX, INC. entered into Revolving Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent, Joint Lead Arranger and Bookrunner and Citizens Bank, N.A., Goldman Sachs Bank USA and RBC Capital Markets, each as Joint Lead Arranger valued at up to $400 million (effective 2026-06-01).

“On June 1, 2026, Dropbox, Inc. (the “Company”) entered into a Revolving Credit and Guaranty Agreement (the “Revolving Credit Agreement”), by and among the Company, as borrower, the guarantors party thereto, the lenders party thereto (the “Lenders”), the issuing banks party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent, Joint Lead Arranger and Bookrunner (in its capacities as the Administrative Agent and Collateral Agent, the “Agent”) and Citizens Bank, N.A., Goldman Sachs Bank USA and RBC Capital Markets, each as Joint Lead Arranger, providing the Company with up to $400 million in borrowing capacity”

DROPBOX, INC. incurred revolving credit of up to $400 million with JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent, Joint Lead Arranger and Bookrunner; Citizens Bank, N.A., Goldman Sachs Bank USA and RBC Capital Markets, each as Joint Lead Arranger at at either (a) an alternate base rate...plus a margin ranging from 2.00% to 2.50% maturing December 11, 2029.

“Agent and Collateral Agent, the “Agent”) and Citizens Bank, N.A., Goldman Sachs Bank USA and RBC Capital Markets, each as Joint Lead Arranger, providing the Company with up to $400 million in borrowing capacity (the loans thereunder, the “Revolving Loans”), including a $65.0 million sublimit for the issuance of letters of credit and a $15.0 million sublimit for”

DROPBOX, INC. shareholders approved Approve an amendment and restatement of our articles of incorporation to waive jury trials for internal actions, together with contextual and other ministerial changes at the 2026-05-21 meeting.

“(4) Proposal to approve an amendment and restatement of our articles of incorporation to waive jury trials for internal actions, together with contextual and other ministerial changes: For Against Abstain Broker Non-Votes 857,730,370 26,626,140 145,630 7,504,514”

DROPBOX, INC. shareholders approved Approve, on an advisory basis, the compensation of the Company's named executive officers at the 2026-05-21 meeting.

“(3) Proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Votes 878,049,859 6,378,683 73,598 7,504,514”

DROPBOX, INC. shareholders approved Ratify the appointment of Ernst & Young LLP as auditors for the fiscal year ending December 31, 2026 at the 2026-05-21 meeting.

“(2) Proposal to ratify Ernst & Young LLP as auditors for the fiscal year ending December 31, 2026: For Against Abstain 889,057,414 2,875,768 73,472”

DROPBOX, INC. shareholders approved Election of seven directors at the 2026-05-21 meeting.

“(1) Proposal for election of seven directors: For Withhold Broker Non-Votes Lisa Campbell 814,113,740 70,388,400 7,504,514 Andrew W. Houston 846,246,817 38,255,323 7,504,514 Warren Jenson 838,943,164 45,558,976 7,504,514 Andrew Moore 883,103,191 1,398,949 7,504,514 Abhay Parasnis 882,991,036 1,511,104 7,504,514 Karen Peacock 764,234,894 120,267,246 7,504,514 Michael Seibel 880,713,655 3,788,485 7,504,514”

Ashraf Alkarmi was appointed as Co-Chief Executive Officer at DROPBOX, INC..

“On May 21, 2026, the Board of Directors (the “Board”) of Dropbox, Inc. (“we”, “our”, the “Company”, or “Dropbox”) appointed Ashraf Alkarmi, our General Manager, Core, as Co-Chief Executive Officer and as a member of the Board, effective May 26, 2026.”

DROPBOX, INC. reported for the quarter ended March 31, 2026 results: revenue $629.5 million, net income $114.5 million, EPS $0.48.

“Total revenue was $629.5 million, an increase of 0.8%. Excluding FormSwift, which we significantly reduced our investment in at the beginning of 2025 and plan to wind down operations by the end of 2026, revenue grew 2.0%. On a constant currency basis, total revenue excluding FormSwift increased by 0.4%. (1) • Total ARR was $2.560 billion, an increase of 0.3%. Excluding FormSwift, Total ARR was $2.540 billion, an increase of 1.3%. On a constant currency basis, Total ARR excluding FormSwift decreased 0.1% . Total ARR on a constant currency basis decreased $2.8 million quarter-over-quarter; excluding FormSwift, it decreased $0.8 million. (2) • Paying users totaled 18.09 million, as compared to 18.16 million. Average revenue per paying user was $141.18, as compared to $139.26. • GAAP gross margin was 79.7%, as compared to 81.3%. Non-GAAP gross margin was 81.1%, as compared to 82.9%. • GAAP operating margin was 27.5%, as compared to 29.4%. Non-GAAP operating margin was 40.1%, as compared to”

DROPBOX, INC. amended credit facility of up to $700.0 million at at either (a) an alternate base rate...plus a margin of 2.75%, or (b) a term SOF maturing September 9, 2030.

“by the First Amendment, the “Amended Credit Agreement”) to provide for, among other things, additional secured delayed draw term loans in an aggregate principal amount up to $700.0 million (the “2025 Delayed Draw Term Loans”). The Amended Credit Agreement provides for a secured term loan facility in an aggregate principal amount of up to $2.7 billion, consisting of”

Eric Cox departed as Chief Customer Officer at DROPBOX, INC..

“On April 11, 2025, Dropbox, Inc. announced that Eric Cox plans to step down as Chief Customer Officer.”

William Yoon was appointed as Chief Legal Officer at DROPBOX, INC..

“The Company’s Board of Directors (the “Board”) has appointed William Yoon, the Company’s Vice President, Product Counseling & Privacy, to succeed Mr. Volkmer as Chief Legal Officer, effective March 28, 2025.”

Bart Volkmer resigned as Chief Legal Officer at DROPBOX, INC..

“On March 3, 2025, Bart Volkmer, Chief Legal Officer of Dropbox, Inc. (“Dropbox” or the “Company”) notified the Company of his decision to resign after more than thirteen years with the Company.”

Warren Jenson was appointed as Director at DROPBOX, INC..

“On January 17, 2025, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Warren Jenson to serve as a member of the Board.”

DROPBOX, INC. announced a restructuring with charges of $47 million to $52 million of incremental expense.

“The Company expects to recognize $47 million to $52 million of incremental expense related to the aforementioned severance, benefits and related costs.”

DROPBOX, INC. announced a restructuring with charges of approximately $63 million to $68 million (approximately 20% or 528 Dropboxers).

“On October 30, 2024, Dropbox announced a reduction of its global workforce by approximately 20% to streamline the Company’s team structure to better align with its long-term growth initiatives and profitability objectives. Dropbox estimates that it will make total cash expenditures of approximately $63 million to $68 million in connection with the reduction in force, primarily consisting of severance payments, employee benefits and related costs.”

DROPBOX, INC. reported the quarter ended March 31, 2024 results: revenue $631.3 million, net income $132.3 million, EPS $0.39.

“current report on Form 8-K and is incorporated by reference herein. --- EX-99.1 (EX-99.1) --- Dropbox Announces Fiscal 2024 First Quarter Results First Quarter Revenue of $631.3 Million, up 3.3% year-over-year; on a constant currency basis, up 3.2% year-over-year GAAP Operating Margin of 22.7% and Non-GAAP Operating Margin of 36.5% Net Cash Provided by Operating”

DROPBOX, INC. disclosed a cybersecurity incident: Unauthorized access to the Dropbox Sign (formerly HelloSign) production environment, accessing user data such as emails, usernames, account settings, and for some users phone numbers, hashed passwords, and authentication information. Impact: No evidence of access to user account contents or payment information; incident limited to Dropbox Sign infrastructure; no material impact on overall business operations determined. Company determined it not material. Discovered 2024-04-24.

“On April 24, 2024, Dropbox, Inc. (“ Dropbox ” or “ we ”) became aware of unauthorized access to the Dropbox Sign (formerly HelloSign) production environment.”

DROPBOX, INC. reported the fiscal year ended December 31, 2023 results: revenue $2.502 billion, net income $453.6 million, EPS $1.31.

“Full Year Fiscal 2023 Results • Total revenue was $2.502 billion, an increase of 7.6% year over year. On a constant currency basis, year-over-year growth would have been 9.3%. (1) • Average revenue per paying user was $139.38, as compared to $134.51 in the prior year. • GAAP gross margin was 80.9%, consistent with the prior year. Non-GAAP gross margin was 82.5%, as compared to 82.3% in the prior year. • GAAP operating margin was 21.5%, as compared to 7.8% in the prior year. Non-GAAP operating margin was 32.8%, as compared to 30.9% in the prior year. • GAAP net income was $453.6 million, as compared to $553.2 million in the prior year. Non-GAAP net income was $685.0 million, as compared to $573.9 million in the prior year. • Net cash provided by operating activities was $783.7 million as compared to $797.3 million in the prior year. Free cash flow was $759.4 million as compared to $763.5 million in the prior year. • GAAP diluted net income per share attributable to common stockholders w”

DROPBOX, INC. reported the quarter ended December 31, 2023 results: revenue $635.0 million, net income $227.3 million, EPS $0.66.

“Fourth Quarter Fiscal 2023 Results • Total revenue was $635.0 million, an increase of 6.0% from the same period last year. On a constant currency basis, year-over-year growth would have been 6.2%. (1) Total revenue increased $2.0 million quarter-over-quarter. • Total ARR was $2.523 billion, a slight increase of 0.3% from the same period last year. On a constant currency basis, year-over-year growth would have been 3.8%. (2) Total ARR decreased $2.2 million quarter-over-quarter. • Paying users was 18.12 million, as compared to 17.77 million for the same period last year. Average revenue per paying user was $138.83, as compared to $134.53 for the same period last year. Paying users decreased 0.05 million quarter-over-quarter. • GAAP gross margin was 80.8%, as compared to 80.7% for the same period last year. Non-GAAP gross margin was 82.3%, as compared to 82.0% for the same period last year. • GAAP operating margin was 42.1%, as compared to (13.4%) for the same period last year. In the fo”

DROPBOX, INC.: Amended and restated bylaws to update exclusive forum, advance notice, meeting notices, and other provisions (effective 2023-12-13).

“On December 13, 2023, the Board of the Company adopted amendments to, and restated, the Company’s amended and restated bylaws (as amended, the “Amended and Restated Bylaws”), which became effective the same day.”

Andrew Moore was appointed as Director at DROPBOX, INC..

“On December 13, 2023, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Andrew Moore to serve as a member of the Board.”

DROPBOX, INC. reported third quarter ended September 30, 2023 results: revenue $633.0 million, net income $114.1 million, EPS $0.33.

“Total revenue was $633.0 million, an increase of 7.1% from the same period last year.”

DROPBOX, INC. amended the Amendment with KRE Exchange Owner LLC valued at $79.0 million in termination payments (effective 2023-10-17).

“On October 17, 2023, Dropbox Inc. (the “Company”) entered into a lease amendment (the “Amendment”) to its Office Lease, dated October 6, 2017, as subsequently amended, with KRE Exchange Owner LLC (the “landlord”) for its corporate headquarters in San Francisco, California, whereby the Company will surrender to the landlord 165,244 square feet of office space and pay an aggregate of $79.0 million in termination payments.”

DROPBOX, INC. shareholders approved Approve, on an advisory basis, the compensation of the Company's named executive officers at the 2023-05-18 meeting.

“Proposal to approve, on an advisory basis, the compensation of the Company's named executive officers: For Against Abstain Broker Non-Votes 979,254,937 13,981,634 297,811 23,165,309”

DROPBOX, INC. shareholders approved Ratify the appointment of Ernst & Young LLP as auditors for the fiscal year ending December 31, 2023 at the 2023-05-18 meeting.

“Proposal to ratify Ernst & Young LLP as auditors for the fiscal year ending December 31, 2023: For Against Abstain 1,014,941,238 1,580,357 178,096”

DROPBOX, INC. shareholders approved Election of eight directors to the Board of Directors at the 2023-05-18 meeting.

“Proposal for election of eight directors: For Withhold Broker Non-Votes Donald W. Blair 922,271,387 71,262,995 23,165,309 Lisa Campbell 989,597,692 3,936,690 23,165,309 Andrew W. Houston 916,966,092 76,568,290 23,165,309 Paul E. Jacobs 898,219,846 95,314,536 23,165,309 Sara Mathew 972,160,553 21,373,829 23,165,309 Abhay Parasnis 989,818,839 3,715,543 23,165,309 Karen Peacock 990,194,223 3,340,159 23,165,309 Michael Seibel 989,767,182 3,767,200 23,165,309”

DROPBOX, INC. reported first quarter ended March 31, 2023 results: revenue $611.1 million, net income $69.0 million, EPS $0.20.

“Dropbox Announces Fiscal 2023 First Quarter Results First Quarter Revenue of $611.1 Million, up 8.7% year-over-year; on a constant currency basis, up 11.6% year-over-year”

DROPBOX, INC. updated its first quarter 2023 guidance (reaffirmed).

“Dropbox, Inc. (“Dropbox” or the “Company”) announced that it expects its first quarter 2023 financial results to be in-line or above its guidance ranges for revenue, constant currency revenue, and non-GAAP operating margin, previously provided in the investor supplement posted on the Company's investors.dropbox.com website on February 16, 2023. These results are based on preliminary unaudited financial and other information, and subject to normal quarterly closing processes and accounting review.”

DROPBOX, INC. announced a restructuring with charges of approximately $37 million to $42 million affecting global workforce (approximately 16%).

“in force into future growth initiatives, and will continue to hire for roles critical to those initiatives. Dropbox estimates that it will incur charges of approximately $37 million to $42 million in connection with the reduction in force, primarily consisting of cash expenditures for severance payments, employee benefits and related costs. The Company”

DROPBOX, INC. reported financial results for fourth quarter and fiscal year ended December 31, 2022.

“On February 16, 2023, Dropbox, Inc. ("Dropbox" or the "Company") issued a press release and will hold a conference call announcing its financial results for the quarter and fiscal year ended December 31, 2022.”

DROPBOX, INC. announced a impairment with charges of $162.5 million and $175.2 million affecting corporate office real estate assets.

“the Company recorded additional impairment charges related to its corporate office real estate assets of $162.5 million and $175.2 million during the fourth quarter and full-year 2022, respectively.”

Timothy Young resigned as President at DROPBOX, INC..

“On January 18, 2023, Dropbox announced that Timothy Young has given notice of his decision to resign as President, effective February 1, 2023.”

DROPBOX, INC. reported the quarter ended September 30, 2022 results: revenue $591.0 million, net income $83.2 million, EPS $0.23.

“current report on Form 8-K and is incorporated by reference herein. --- EX-99.1 (EX-99.1) --- Dropbox Announces Third Quarter Fiscal 2022 Results Third Quarter Revenue of $591.0 Million, Up 7.4% Year-over-year; on a constant currency basis, Up 9.7% Year-over-year ARR of $2.431 billion, Up 9.6% Year-over-year; on a constant currency basis, Up 10.2% Year-over-year”

Abhay Parasnis was appointed as member of the Board at DROPBOX, INC..

“On March 25, 2022, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Abhay Parasnis to serve as a member of the Board.”

Sara Mathew was appointed as Member of the Board of Directors at DROPBOX, INC..

“On July 28, 2021, the Board appointed Sara Mathew to serve as a member of the Board.”

Robert J. Mylod resigned as Member of the Board of Directors at DROPBOX, INC..

“On July 28, 2021, Robert J. Mylod resigned as a member of the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”).”