Dropbox's Co-CEO Sells 28,800 Shares for $1 Million as the Stock Soars

Dropbox Co-CEO Ashraf Alkarmi sold 28,800 shares worth $1 million on September 11, 2026, through a pre-established Rule 10b5-1 trading plan. The sale was non-discretionary and occurred as the stock was climbing, reaching a 52-week high of $38.17 just days later. Alkarmi retains over 1 million shares, maintaining alignment with shareholders. Dropbox's stock has recovered from earlier 2026 losses amid AI concerns, with the company demonstrating resilience through consistent quarterly performance and stable customer base of 18.2 million paying customers.