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Insider Cluster (2 insiders) ·Filed May 19, 2026

DBX

DROPBOX, INC.
NEUTRAL
Impact 2/10
Horizondays Processed5mo ago
Insider cluster: 2 insiders, $1.0M total
Actionable Insight • Neutral

The insider sales are small relative to market cap and likely pre-planned as part of derivative exercises. No material signal for traders. Monitor upcoming quarterly results for any change in fundamentals.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
DBX ▲ +24.52% at T+60d
NEUTRAL call +24.52% · α vs SPY +19.79% · entry $27.53 → $34.28
Entry = T+0 close
May 19, 2026
via day close
T+1d
-1.34%
call -1.34% · α -1.54%
$27.16
settled 5mo ago
T+5d
-4.87%
call -4.87% · α -6.67%
$26.19
settled 5mo ago
T+20d
-4.06%
call -4.06% · α -4.02%
$26.41
settled 4mo ago
T+60d
+24.52%
call +24.52% · α +19.79%
$34.28
settled 2mo ago

Price Chart

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Executive Summary

CEO Andrew Houston and CAO Sarah Schubach sold shares totaling approximately $1.01M, with Houston's sale following derivative conversions. The total value is only 0.016% of market cap, making the cluster trivial. The sales occurred after Q1 2026 earnings which showed mixed results. Given the small size and pre-planned nature, no material insider signal.

Key Financial Metrics

Direction
selling
Total Value
$1.0M
Insiders
2

Key Facts

  • CEO Andrew Houston sold 37,498 shares open-market for ~$974K on May 14, 2026, after converting derivatives (non-cash).
  • CAO Sarah Schubach sold 1,306 shares open-market for ~$37K on May 19, 2026.
  • Total open-market sales: ~$1.01M, representing 0.016% of DBX's $6.5B market cap.
  • Sales occurred 12 days after Q1 2026 earnings (May 7, 2026), which showed revenue +0.8% YoY but net income -24%.

Financial Impact

Total open-market sales of $1.01M, representing 0.016% of $6.5B market cap.

insider selling

Risk Factors

  • Further insider selling could indicate lack of confidence, but magnitude is minimal.
  • Earnings showed declining net income and user base, which may warrant attention.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
6% bullish (16 analysts)

Investment Themes

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-DBX-1779225058286
28 reports for DBX
Performance horizon
100% Hit rate @ T+20 6 of 6 directional calls Went positive at some point 6 of 8 best @ T+5▲ +11.40%Sep 17, 2026
Filters
Rows
Reports for DBX — sortable, filterable
TypeNow
Oct 21, 2026
5d ago
Institutional Cluster
BEARISH ★ 4/10
$37.48awaiting T+20—$37.73 (−0.67%)
Oct 19, 2026
7d ago
Insider Cluster
BEARISH ★ 4/10
$35.94awaiting T+20—$37.73 (−4.98%)
Oct 5, 2026
21d ago
Insider Cluster
NEUTRAL ★ 4/10
$33.73awaiting T+20—$37.73 (+11.86%)
Sep 17, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$36.48 $35.57▲ +2.49%▲ +2.70%$37.73 (−3.43%)
Sep 15, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$37.74 $35.62▲ +5.62%▲ +7.68%$37.73 (+0.03%)
Sep 14, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$37.63 $35.60▲ +5.39%▲ +8.37%$37.73 (−0.27%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$35.05 $34.14▼ −2.60%▼ −4.97%$37.73 (+7.65%)
Aug 19, 2026
9w ago
Insider Cluster
NEUTRAL ★ 4/10
$34.00 $36.48▲ +7.29%▲ +7.29%$37.73 (+10.97%)
Aug 4, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$35.00 $34.50▼ −1.43%▼ −0.83%$37.73 (+7.80%)
Jul 17, 2026
14w ago
Insider Cluster
NEUTRAL ★ 2/10
$30.62 $34.28▲ +11.95%▲ +7.50%$37.73 (+23.22%)
Showing 10 of 28

US Market Status

Market Closed — Opens Wed (10h 18m)

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Report published May 19, 2026