<SEC-DOCUMENT>0001467623-25-000099.txt : 20250613
<SEC-HEADER>0001467623-25-000099.hdr.sgml : 20250613
<ACCEPTANCE-DATETIME>20250613162922
ACCESSION NUMBER:		0001467623-25-000099
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250611
FILED AS OF DATE:		20250613
DATE AS OF CHANGE:		20250613

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Houston Andrew
		CENTRAL INDEX KEY:			0001734563
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38434
		FILM NUMBER:		251047029

	MAIL ADDRESS:	
		STREET 1:		333 BRANNAN STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94107

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DROPBOX, INC.
		CENTRAL INDEX KEY:			0001467623
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				260138832
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1800 OWENS STREET, SUITE 200
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94158
		BUSINESS PHONE:		415-986-7057

	MAIL ADDRESS:	
		STREET 1:		1800 OWENS STREET, SUITE 200
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94158

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dropbox, Inc.
		DATE OF NAME CHANGE:	20140210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Evenflow, Inc.
		DATE OF NAME CHANGE:	20090702
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1749846556.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2025-06-11</periodOfReport>

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        <issuerCik>0001467623</issuerCik>
        <issuerName>DROPBOX, INC.</issuerName>
        <issuerTradingSymbol>DBX</issuerTradingSymbol>
    </issuer>

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            <rptOwnerCik>0001734563</rptOwnerCik>
            <rptOwnerName>Houston Andrew</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1800 OWENS STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94158</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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                    <footnoteId id="F7"/>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>444444</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>See Footnote</value>
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        </nonDerivativeHolding>
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                </transactionShares>
                <transactionPricePerShare>
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            <underlyingSecurity>
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                </underlyingSecurityShares>
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                    <value>I</value>
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                    <value>See foonote</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common Stock</value>
            </securityTitle>
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            <transactionDate>
                <value>2025-06-11</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>135000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <footnoteId id="F9"/>
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            <expirationDate>
                <footnoteId id="F9"/>
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            <underlyingSecurity>
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                </underlyingSecurityTitle>
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                    <value>135000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>7608764</value>
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                    <value>I</value>
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                    <value>See Footnote</value>
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        </derivativeTransaction>
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            <securityTitle>
                <value>Class B Common Stock</value>
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                <underlyingSecurityTitle>
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                </underlyingSecurityShares>
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                    <value>500500</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>See foonote</value>
                    <footnoteId id="F10"/>
                </natureOfOwnership>
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        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">184,000 shares of Class B Common Stock were converted into 184,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.</footnote>
        <footnote id="F2">Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which Reporting Person serves as trustee.</footnote>
        <footnote id="F3">These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2025.</footnote>
        <footnote id="F4">This transaction was executed in multiple trades at prices ranging from $28.07 to $28.87. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.</footnote>
        <footnote id="F5">135,000 shares of Class B Common Stock were converted into 135,000 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.</footnote>
        <footnote id="F6">The Shares are held by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting Person serves as trustee.</footnote>
        <footnote id="F7">These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.</footnote>
        <footnote id="F8">Shares held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which the Reporting Person's spouse serves as trustee.</footnote>
        <footnote id="F9">The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.</footnote>
        <footnote id="F10">Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which Reporting Person serves as trustee.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Cara Angelmar, Attorney-in-Fact</signatureName>
        <signatureDate>2025-06-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
