DROPBOX, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
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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 March 31, 2026.
| 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) |
|---|---|---|---|---|
| January 1 - 31 | 5.52 | $26.55 | 5.52 | $1,020.26 |
| February 1 - 28 | 7.34(3) | $24.67 | 7.33 | $839.50 |
| March 1 - 31 | 1.50 | $26.06 | 1.50 | $800.33 |
| Total | 14.36 | $25.53 | 14.35 |
(1)In July 2023, the Board of Directors authorized a $1.2 billion share repurchase program, which we completed during the three months ended March 31, 2025. In December 2024, the Board of Directors authorized an additional $1.2 billion program, which we completed during the three months ended December 31, 2025. In August 2025, the Board of Directors authorized an additional $1.5 billion share repurchase program, under which we continue to repurchase 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" to our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.
(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 9,741 shares of restricted common stock withheld by the Company upon vesting of restricted stock awards to satisfy tax withholding requirements.
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