DoorDash (DASH) general counsel sells 7,690 shares to cover RSU taxes
Rhea-AI Filing Summary
DoorDash, Inc. reported that its General Counsel and Secretary, Tia Sherringham, sold 7,690 shares of Class A common stock on May 20, 2026 at an average price of $155.588 per share. According to the footnotes, these shares were sold to cover tax obligations related to vesting restricted stock units, making this a routine, tax-driven transaction rather than a discretionary sale. After the sale, she directly owned 130,959 shares, indicating she retained the vast majority of her stake.
Positive
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Negative
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Insider Trade Summary
Net Seller: 7,690 shares
Net Sell
1 txn
Insider
Sherringham Tia
Role
GENERAL COUNSEL AND SECRETARY
Sold
7,690 shs ($1.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,690 | $155.588 | $1.20M |
Holdings After Transaction:
Class A Common Stock — 130,959 shares (Direct)
Footnotes (2)
- F1. Shares sold to cover tax obligations in connection with the vesting of restricted stock units ("RSUs").
- F2. Certain of these securities are represented by RSUs.
Key Figures
Shares sold: 7,690 shares
Sale price: $155.588 per share
Shares held after sale: 130,959 shares
+1 more
4 metrics
Shares sold
7,690 shares
Class A Common Stock sold on May 20, 2026
Sale price
$155.588 per share
Average price for 7,690 shares sold
Shares held after sale
130,959 shares
Direct ownership after May 20, 2026 transaction
Net shares sold
7,690 shares
Net sell direction in transaction summary
Key Terms
restricted stock units ("RSUs"), open-market sale, tax obligations, Class A Common Stock
4 terms
restricted stock units ("RSUs") financial
"Shares sold to cover tax obligations in connection with the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax obligations financial
"Shares sold to cover tax obligations in connection with the vesting of restricted stock units ("RSUs")."
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DoorDash (DASH) report for Tia Sherringham?
DoorDash reported that General Counsel Tia Sherringham sold 7,690 shares of Class A common stock. The sale occurred on May 20, 2026, and was tied to tax obligations from vesting restricted stock units, not a discretionary reduction of her overall holdings.
Was this DoorDash (DASH) insider trade an open-market sale?
The transaction is coded as an open-market sale of Class A common stock. However, a footnote clarifies the sale’s purpose was to cover tax obligations tied to vesting restricted stock units, characterizing it as a tax-related disposition rather than a purely discretionary open-market trade.