Houston Andrew, CEO of Dropbox (DBX), has demonstrated a consistent pattern of selling company stock over the past year, with no recorded purchases in the same period. Since August 2025, Andrew has executed 14 sales totaling approximately $29.3 million, with transactions occurring nearly every month. The largest single sale took place on February 2, 2026, when he divested shares worth $4.22 million, followed by a $2.74 million sale on March 2, 2026. Other notable dispositions include a $3.06 million transaction on November 14, 2025, and a $2.89 million sale on October 1, 2025. The sales have been methodical, with multiple transactions in certain months, such as January 2026, when Andrew sold shares on three separate dates for a combined $3.78 million.
The filings indicate that Andrew’s sales are often paired with option exercises (coded as "C"), though these transactions show no monetary value, suggesting they may involve expiring or near-term options. His selling activity spans both larger, high-value disposals and smaller transactions, such as a $107,314 sale on October 1, 2025, and a $275,010 sale on December 3, 2025. The absence of any buys during this period reinforces a clear divestment trend concentrated solely in DBX, with no diversification into other securities. While the reasons behind the sales are undisclosed, the frequency and scale suggest an ongoing reduction in his equity position in Dropbox.
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