Ross Tennenbaum, Chief Financial Officer of Dropbox, Inc. (NASDAQ:DBX), filed a Form 4 on September 3, 2026, disclosing the acquisition of 28,945 restricted stock units of Class A Common Stock on September 1, 2026.

Key Highlights

  • RSU Grant: Tennenbaum acquired 28,945 restricted stock units of Class A Common Stock at a price of $0 on September 1, 2026.
  • Vesting Date: The newly granted restricted stock units vest on August 15, 2027.
  • Total Beneficial Ownership: Following the transaction, Tennenbaum directly holds 788,224 securities of Class A Common Stock (including restricted stock units).
  • Existing RSU Vesting: A portion of the 788,224 total includes restricted stock units subject to a vesting schedule through November 15, 2029.
  • Cancellation Provision: According to the filing, unvested restricted stock units will be cancelled by the issuer if the reporting person ceases to be a Service Provider.

Dropbox CFO Tennenbaum RSU Grant Details and Ownership Position

According to the Form 4 filed with the Securities and Exchange Commission, Ross Tennenbaum, serving as Chief Financial Officer of Dropbox, Inc. (NASDAQ:DBX), reported an acquisition of 28,945 restricted stock units of Class A Common Stock. The transaction, coded "A" (acquired), was dated September 1, 2026, with the form filed on September 3, 2026. The filing states that each restricted stock unit represents the reporting person's right to receive one share of Class A Common Stock, and that these units vest on August 15, 2027.

The filing discloses that following the reported transaction, Tennenbaum directly holds 788,224 securities of Class A Common Stock. The filing notes that certain of these securities are restricted stock units "subject to the applicable vesting schedule through November 15, 2029." Additionally, the filing states: "In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer." The form was signed by Cara Angelmar as Attorney-in-Fact on September 3, 2026.

No derivative securities transactions were reported in Table II of the filing. The form was filed by one reporting person, and ownership of the reported shares is listed as direct.

What Was Disclosed

The filing disclosed a grant of 28,945 restricted stock units to Dropbox's CFO at no cost, vesting August 15, 2027, bringing his total direct beneficial ownership to 788,224 Class A Common Stock securities, including additional RSUs vesting through November 15, 2029.