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Dropbox10-Q: Founder departure

Founder/Co-CEO Drew Houston adopts plan to sell up to 12.8M shares.

What happened

Co-founder and Co-CEO Drew Houston established a Rule 10b5-1 trading plan in June 2026 to sell up to 8.27M Class A and 4.6M Class B shares.

Source

SEC EDGARAug 7, 2026

Quarterly report (Form 10-Q)

Dropbox 10-Q

Filing excerpt

On June 11, 2026, Drew Houston, our Co-Chief Executive Officer and chair of our Board of Directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time-to-time of an aggregate of up to 8,266,666 shares of our Class A common stock and up to 4,605,600 shares of our Class B common stock.

sec.gov/Archives/edgar/data/1467623/000146762326000049/dbx-20260630.htmRead the full source

Other signals in this filing (4)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Founder departure

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Aug 7, 2026

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The full record

From the Signal API record

Details

CIK
1467623
Accession number
0001467623-26-000049
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Major strategic shift
Signal category
Leadership

Extraction

Confidence
Medium
Relevance
90%
Sentiment
Neutral
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
founderDeparture

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/20b9088e-d780-41b2-a552-6f36a0995477 returns this record as JSON. POST /v1/companies/enrich returns every signal for dropbox.com.

{
  "signal_id": "20b9088e-d780-41b2-a552-6f36a0995477",
  "signal_type": "sec-10q",
  "signal_subtype": "founderDeparture",
  "detected_at": "2026-08-11T08:04:28.967+00:00",
  "company": {
    "name": "Dropbox",
    "domain": "dropbox.com"
  },
  "data": {
    "detail": "Co-founder and Co-CEO Drew Houston established a Rule 10b5-1 trading plan in June 2026 to sell up to 8.27M Class A and 4.6M Class B shares. While not a formal resignation, a planned liquidation of this magnitude by a founder can signal a long-term leadership transition, creating uncertainty and potential openings for new strategic vendors.",
    "metrics": {
      "timeframe": "current_quarter"
    },
    "summary": "Founder/Co-CEO Drew Houston adopts plan to sell up to 12.8M shares.",
    "excerpts": "On June 11, 2026, Drew Houston, our Co-Chief Executive Officer and chair of our Board of Directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time-to-time of an aggregate of up to 8,266,666 shares of our Class A common stock and up to 4,605,600 shares of our Class B common stock.",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "medium",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000049/dbx-20260630.htm",
    "filing_date": "2026-08-07",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Major strategic shift",
    "signal_category": "leadership"
  }
}

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