An executive sold 30,650 Dropbox shares last week, with 48% withheld for taxes and the rest sold at a premium to market close.
Dropbox Chief Business Officer Eric T. Webster sold 30,650 Class A shares on August 18, totaling $1 million at a weighted average price of $34.25. The transaction included shares withheld for tax liabilities and open-market sales ranging from $34.05 to $34.23 per share.
The sale price exceeded the August 18 market close of $33.87. Webster retains approximately 416,000 directly held shares and restricted stock units vesting through November 2029. Dropbox stock has delivered a 21% total return over the past year.
The filing disclosed no immediate market reaction to the transaction.