Andrew Houston Reports 35.3% Beneficial Ownership Stake in Dropbox, Inc. (DBX)

On May 1, 2026, Andrew W. Houston filed a Schedule 13G/A reporting a significant beneficial ownership stake in Dropbox, Inc. (DBX). As of the event date of March 31, 2026, Mr. Houston beneficially owns 84,044,727 shares, representing 35.3% of the company's Class A Common Stock. This ownership figure includes 9,427,838 shares of Class A Common Stock and 74,616,889 shares of Class B Common Stock, the latter of which are convertible into Class A shares on a one-for-one basis. The holdings are distributed across several entities, including the Andrew Houston Revocable Trust, the Houston Remainder Trust, and the Houston 2012 Irrevocable Children's Trust. Mr. Houston maintains sole voting and dispositive power over all reported shares. The calculation is based on 163,263,829 shares of Class A Common Stock outstanding, adjusted for the assumed conversion of Mr. Houston's Class B holdings. This filing marks an increase from the previously reported 0.0% ownership, solidifying Mr. Houston's position as a major stakeholder and key insider of the company.