Dropbox CTO Sells Nearly 13,000 Shares via Pre-Arranged Trading Plan
Ali Dasdan, Chief Technology Officer of Dropbox (NASDAQ:DBX), sold approximately 12,972 shares on July 14, 2026. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established in May 2025 to avoid insider trading concerns. Despite the sale, Dasdan still holds around 501,639 shares directly and has additional restricted stock units vesting through November 2030. The transaction value was $389,160 based on a weighted average price of $30 per share. Dropbox reported trailing twelve-month revenue of $2.5 billion and net income of $472.6 million as of the same period. The company's stock closed at $29.97 on July 14, with its market cap standing at $7.7 billion. The CTO’s remaining shares are valued at approximately $15.03 million post-transaction and could be worth up to $15.2 million based on the next day's closing price of $30.35.
Tickers: $DBX