HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Dropbox co-CEO sells $632,496 of stock

Created at 3 Jun · 9:17 PM2 sources2 events
IN SHORT

Dropbox co-CEO Ashraf Alkarmi sold 16,000 shares of company stock valued at $632,496. The sale occurred on June 3, 2024.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$632,496value of stock sold
16,000shares sold
June 3, 2024date of sale

Who's Involved

Ashraf Alkarmi
co-CEO of Dropbox who sold stock
Dropbox
company whose stock was sold

↳ Why This Matters

Insider selling by a co-CEO can sometimes be interpreted by the market as a signal of reduced confidence in future stock performance, although it can also be for personal financial planning.

Key facts

  • Dropbox co-CEO Ashraf Alkarmi sold 16,000 shares.
  • The total value of the stock sale was $632,496.
  • The sale occurred on June 3, 2024.

Dropbox co-CEO Ashraf Alkarmi has sold 16,000 shares of the company's stock. The transaction, valued at $632,496, took place on June 3, 2024. This sale is part of routine insider reporting, where executives disclose changes in their beneficial ownership of company securities.

Frequently asked questions

Dropbox co-CEO Ashraf Alkarmi sold the stock.

A total of 16,000 shares were sold.

The sale amounted to $632,496.

The sale occurred on June 3, 2024.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • New Product Summary: Initial Listing of Fifty-Five (55) Single Stock Futures Contracts — Effective July 27, 2026
    27 Jul · 4:32 PM
  • New Product Summary: Initial Listing of Twenty-Two (22) Micro Single Stock Futures Contracts - Effective July 27, 2026
    27 Jul · 4:11 PM
  • Initial Listing of Additional Event Contract Swaps on Pro Golf Tournaments
    9 Jul · 9:41 AM

How It Developed

3 Jun · 9:01 PM
Dropbox's chief accounting officer sold 1,200 shares of stock valued at $36,096.
Investing.com via PiQSuite
3 Jun · 8:52 PM
Dropbox co-CEO Ashraf Alkarmi sold 16,000 shares valued at $632,496 on June 3.
Investing.com via PiQSuite

Sources

T1
Dropbox chief accounting officer sells $36,096 of stockm.piqsuite.com
T1
Dropbox co-CEO Ashraf Alkarmi sells $632,496 in stockm.piqsuite.com

Related Stories

SK Hynix $28B ADR bookbuild closes Wednesday amid strong demand
8 Jul · 7:57 AM
JPMorgan Hires Michael Flynn to Lead New Small-Cap Banking Business
8 Jul · 3:03 PM
Apple supplier Luxshare debuts in Hong Kong with $3.1 billion IPO
9 Jul · 2:00 AM
Memory Stocks Plunge as Year's Hottest Trade Unravels
8 Jul · 2:35 PM
Michael Burry Buys Flutter, DraftKings Shares on Prediction Market Threat
8 Jul · 9:51 PM