This insider sales cluster is too small relative to market cap to warrant any trading action. Monitor for any larger-scale insider selling or a material corporate event (earnings, M&A) that could explain the activity.
Price Chart
Executive Summary
Two Dropbox insiders sold shares in a cluster totaling $218K, with the Chief Legal Officer selling $431K and a Director selling $160K. The total value is only 0.003% of Dropbox's $7.6B market cap, making this a trivial, routine event with no material signal. Per academic literature, insider sales clusters are weak predictors and this cluster's small size relative to market cap confirms it is non-informative.
Key Financial Metrics
Key Facts
- Chief Legal Officer Yoon William T sold 12,382 shares at $34.78 for $431K on 2026-09-04
- Director Campbell Lisa M sold 4,598 shares at $34.78 for $160K on 2026-09-04
- Chief Accounting Officer Schubach Sarah Elizabeth sold 1,638 shares at $35.50 for $58K on 2026-08-31
- Total cluster value of $218K represents ~0.003% of $7.6B market cap
- All three transactions are open-market sales (code S)
Financial Impact
Total insider sales of $218K, representing 0.003% of market cap
Risk Factors
- Insider sales could be liquidity-driven or part of 10b5-1 plans, not informational
- Small cluster size may be noise; no bearish signal from these sales
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-1789027513032 |
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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