This cluster is too small relative to market cap to signal material bearish conviction. CEO selling is notable but the dollar amount is routine for a $6.4B company. Monitor for any upcoming earnings or material events that could explain the timing, but no immediate action warranted.
Price Chart
Executive Summary
A cluster of 7 Dropbox insiders, including CEO Andrew Houston, sold $1.35M in shares over a 7-day window. The CEO's $834K sale dominates the cluster, but the total represents only ~0.02% of market cap, making it trivial in size. No open-market purchases occurred; all non-cash grants are routine director compensation.
Key Financial Metrics
Key Facts
- 7 insiders sold a total of $1.35M in shares from May 14-21, 2026
- CEO Andrew Houston sold $834K (30.3K shares at $27.50) — largest trade in the cluster
- Total cluster value is ~0.02% of DBX's $6.4B market cap
- No open-market purchases were made; two director grants (non-cash, $0 value) were also reported
- Recent 30-day insider activity shows 5 prior sells totaling $1.1M, consistent with routine selling pattern
Financial Impact
Total insider sales of $1.35M represent ~0.02% of market cap — immaterial
Risk Factors
- CEO selling could be perceived negatively by retail investors despite small size
- No insider buying to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DBX-1779828424390 |
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
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