DASH Form 144: Insider exercise and planned sale of 187,914 Class A shares

Rhea-AI Filing Summary

DoorDash insider activity notice reports a proposed sale of 187,914 Class A common shares through Morgan Stanley Smith Barney, with an aggregate market value of $46,497,440.16 and approximately 402,361,247 shares outstanding. The shares were acquired on 08/15/2025 through exercise of stock options and the stated method of payment was cash. The filing lists multiple Rule 10b5-1 sale executions by the same individual totalling several transactions between 06/09/2025 and 08/11/2025, showing ongoing planned disposals of Class A common stock.

Insights

Securities Analyst

TL;DR: Insider exercised options and filed to sell 187,914 shares worth ~$46.5M; multiple 10b5-1 sales occurred in recent months.

The filing documents an option exercise on the date of sale and a formal Rule 144 notice to sell 187,914 Class A shares via Morgan Stanley Smith Barney with an aggregate market value of $46,497,440.16. The filer also executed a series of 10b5-1 transactions from June through August 2025, indicating preplanned disposals rather than ad hoc market sales. For investors, this is a disclosure of insider liquidity activity rather than operational results; its direct impact on company fundamentals is limited without additional context on total insider holdings or intent.

Corporate Governance Expert

TL;DR: Governance disclosure shows compliance with Rule 144 and use of 10b5-1 plans, signaling structured insider selling.

The notice clearly states the shares were acquired by exercise of stock options and lists prior 10b5-1 sales by the same person across several dates. The inclusion of the 10b5-1 sale history and the representation regarding absence of undisclosed material information are consistent with standard insider reporting practices. This filing evidences procedural compliance but does not provide details about remaining insider holdings or any change in board/executive roles.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	187914	46497440.16	402361247	08/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	08/15/2025	Exercise of Stock Options	Issuer			187914	08/15/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	08/11/2025	51250	13114327.57
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	07/28/2025	4042	1011626.91
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	07/25/2025	30124	7531674.78
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	07/15/2025	34167	8090783.18
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	07/01/2025	34167	8222461.10
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	06/16/2025	44244	9765082.10
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	06/13/2025	7006	1541424.39
10b5-1 Sales for TONY XUN XU 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	06/09/2025	17084	3732252.64

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the DoorDash (DASH) Form 144 disclose?

The filing discloses a proposed sale of 187,914 Class A shares acquired by exercise of stock options and an aggregate market value of $46,497,440.16.

Who is the broker handling the proposed sale in the DASH Form 144?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY.

Were there recent 10b5-1 sales by the same person?

Yes. The filing lists multiple 10b5-1 sales by Tony Xun Xu between 06/09/2025 and 08/11/2025, with individual sale amounts and gross proceeds provided.

How were the acquired shares paid for according to the filing?

The filing states the shares were paid for in cash on the acquisition date (08/15/2025), following exercise of stock options.

What is the number of shares outstanding reported in the filing?

The Form 144 reports 402,361,247 shares outstanding.