DROPBOX, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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Sep 30, 2025 · Filed Nov 7, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table presents information with respect to Dropbox's repurchases of Class A common stock during the
quarter ended September 30, 2025.
| Period | Total Number of Shares Purchased (in millions)(1) | Average Price Paid per Share(2) | Total Number of Shares Purchased as Part of Publicly Announced Programs(in millions)(1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Programs(in millions)(1) |
|---|---|---|---|---|
| July 1 - 31 | 5.11 | $27.46 | 5.11 | $330.30 |
| August 1 - 31 | 4.80(3) | $27.43 | 4.79 | $198.95 |
| September 1 - 30 | 3.85 | $30.56 | 3.85 | $1,581.28 |
| Total | 13.76 | $28.32 | 13.75 |
(1)In February 2022, our Board of Directors authorized a $1.2 billion share repurchase program, which we completed during the three months ended March 31, 2024. In July 2023, the Board of Directors authorized an additional $1.2 billion program, completed during the three months ended March 31, 2025. In December 2024, the Board of Directors authorized a third $1.2 billion program, under which we continue to repurchase shares. In August 2025, the Board of Directors authorized a new share repurchase program for the purchase of an additional $1.5 billion of shares. Under this program, shares may be repurchased, subject to general business and market conditions and other investment opportunities, through open market purchases or privately held negotiated transactions, including through Rule 10b5-1 plans, in each case as permitted by securities laws and other legal requirements. The repurchase program does not have an expiration date. See Note 11 "Stockholders' Deficit" for additional information.
(2)Average price paid per share includes costs associated with the repurchases, excluding the 1% excise tax imposed as part of the Inflation Reduction Act.
(3) Includes 11,354 shares of restricted common stock withheld by the Company upon vesting of restricted stock awards to satisfy tax withholding requirements.
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