Insider Selling: Dropbox (NASDAQ:DBX) CAO Sells 1,306 Shares of Stock
MarketBeat
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,306 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $28.14, for a total transaction of $36,750.84. Following the transaction, the chief accounting officer directly owned 131,120 shares of the company's stock, valued at approximately $3,689,716.80. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NASDAQ:DBX