Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Schreier R. Bryan	2. Issuer Name and Ticker or Trading Symbol DROPBOX, INC. [ DBX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) 1800 OWENS STREET, SUITE 200	3. Date of Earliest Transaction (MM/DD/YYYY) 11/9/2020
(Street) SAN FRANCISCO, CA 94158 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/9/2020		C		5713435	A	$0.00	5713435	I	By Sequoia Capital XII, LP ⁽¹⁾
Class A Common Stock	11/9/2020		C		213788	A	$0.00	213788	I	By Sequoia Technology Partners XII, LP ⁽¹⁾
Class A Common Stock	11/9/2020		C		610635	A	$0.00	610635	I	By Sequoia Capital XII Principals Fund, LLC ⁽¹⁾
Class A Common Stock	11/9/2020		J⁽²⁾		5713435	D	$0.00	0	I	By Sequoia Capital XII, LP ⁽¹⁾
Class A Common Stock	11/9/2020		J⁽²⁾		213788	D	$0.00	0	I	By Sequoia Technology Partners XII, LP ⁽¹⁾
Class A Common Stock	11/9/2020		J⁽²⁾		610635	D	$0.00	0	I	By Sequoia Capital XII Principals Fund, LLC ⁽¹⁾
Class A Common Stock	11/9/2020		J⁽³⁾		68124	A	$0.00	829698	I	By family trust
Class A Common Stock	11/11/2020		C		5713438	A	$0.00	5713438	I	By Sequoia Capital XII, LP ⁽¹⁾
Class A Common Stock	11/11/2020		C		213783	A	$0.00	213783	I	By Sequoia Technology Partners XII, LP ⁽¹⁾
Class A Common Stock	11/11/2020		C		610637	A	$0.00	610637	I	By Sequoia Capital XII Principals Fund, LLC ⁽¹⁾
Class A Common Stock	11/11/2020		J⁽²⁾		5713438	D	$0.00	0	I	By Sequoia Capital XII, LP ⁽¹⁾
Class A Common Stock	11/11/2020		J⁽²⁾		213783	D	$0.00	0	I	By Sequoia Technology Partners XII, LP ⁽¹⁾
Class A Common Stock	11/11/2020		J⁽²⁾		610637	D	$0.00	0	I	By Sequoia Capital XII Principals Fund, LLC ⁽¹⁾
Class A Common Stock	11/11/2020		J⁽³⁾		68124	A	$0.00	897822	I	By family trust
Class A Common Stock								38881 ⁽⁴⁾	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁵⁾	11/9/2020		C			5713435	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	5713435	$0.00	5713438	I	By Sequoia Capital XII, LP ⁽¹⁾
Class B Common Stock	⁽⁵⁾	11/9/2020		C			213788	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	213788	$0.00	213783	I	By Sequoia Technology Partners XII, LP ⁽¹⁾
Class B Common Stock	⁽⁵⁾	11/9/2020		C			610635	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	610635	$0.00	610637	I	By Sequoia Capital XII Principals Fund, LLC ⁽¹⁾
Class B Common Stock	⁽⁵⁾	11/11/2020		C			5713438	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	5713438	$0.00	0	I	By Sequoia Capital XII, LP ⁽¹⁾
Class B Common Stock	⁽⁵⁾	11/11/2020		C			213783	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	213783	$0.00	0	I	By Sequoia Technology Partners XII, LP ⁽¹⁾
Class B Common Stock	⁽⁵⁾	11/11/2020		C			610637	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	610637	$0.00	0	I	By Sequoia Capital XII Principals Fund, LLC ⁽¹⁾

Explanation of Responses:
(1)	The Reporting Person is a non-managing member of SC XII Management, LLC ("SC XII Management"). SC XII Management is the general partner of Sequoia Capital XII, L.P. and Sequoia Technology Partners XII, L.P. and is the managing member of Sequoia Capital XII Principals Fund, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose.
(2)	Represents a distribution of Class A Common Stock of the Issuer to partners or members and includes subsequent distributions by general partners or managing members to their respective partners or members.
(3)	Represents the receipt of shares of Common Stock of the Issuer by virtue of the pro rata in-kind distributions.
(4)	Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through May 21, 2021 or the day prior to the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
(5)	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.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Schreier R. Bryan 1800 OWENS STREET SUITE 200 SAN FRANCISCO, CA 94158	X