Monitor for additional selling in coming weeks — while this cluster is small and likely routine, multiple sales could signal reduced conviction if the trend continues. The CEO's derivative conversion is administrative and not a sale of economic interest.
Price Chart
Executive Summary
Three Dropbox insiders sold shares in the past week, including CEO Andrew Houston who converted a derivative position (non-cash event). General Manager Ashraf Alkarmi and Chief Accounting Officer Sarah Schubach conducted open-market sales totaling $359,307 in proceeds. The cluster is small relative to Dropbox's $6.3B market cap.
Key Financial Metrics
Key Facts
- General Manager Ashraf Alkarmi sold 12,472 shares for $324,272 in an open-market transaction.
- Chief Accounting Officer Sarah Schubach sold 1,415 shares for $35,035.40, also open-market.
- CEO Andrew Houston converted 109,498 derivative securities at $0 — a non-cash, routine corporate action.
- Total open-market proceeds: $359,307 (~0.0057% of $6.3B market cap).
- All transactions occurred between March 2–3, 2026.
Financial Impact
$359,307 in open-market share sales by two insiders; CEO transaction was non-cash.
Risk Factors
- Perception of insider selling could weigh on sentiment if misinterpreted.
- If future filings show broader or larger-scale selling, it may indicate concern about valuation or outlook.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-DBX-1772755887456 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $37.48 | awaiting T+20 | — | $37.73 (−0.67%) |
Oct 19, 2026 7d ago | Insider Cluster | $35.94 | awaiting T+20 | — | $37.73 (−4.98%) |
Oct 5, 2026 21d ago | Insider Cluster | $33.73 | awaiting T+20 | — | $37.73 (+11.86%) |
Sep 17, 2026 5w ago | Insider Cluster | $36.48 $35.57 | ▲ +2.49% | ▲ +2.70% | $37.73 (−3.43%) |
Sep 15, 2026 5w ago | Insider Cluster | $37.74 $35.62 | ▲ +5.62% | ▲ +7.68% | $37.73 (+0.03%) |
Sep 14, 2026 6w ago | Insider Cluster | $37.63 $35.60 | ▲ +5.39% | ▲ +8.37% | $37.73 (−0.27%) |
Sep 9, 2026 6w ago | Insider Cluster | $35.05 $34.14 | ▼ −2.60% | ▼ −4.97% | $37.73 (+7.65%) |
Aug 19, 2026 9w ago | Insider Cluster | $34.00 $36.48 | ▲ +7.29% | ▲ +7.29% | $37.73 (+10.97%) |
Aug 4, 2026 11w ago | Insider Cluster | $35.00 $34.50 | ▼ −1.43% | ▼ −0.83% | $37.73 (+7.80%) |
Jul 17, 2026 14w ago | Insider Cluster | $30.62 $34.28 | ▲ +11.95% | ▲ +7.50% | $37.73 (+23.22%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers