DoorDash (NYSE: DASH) director sells 23,125 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoorDash, Inc. director Stanley Tang reported open-market sales of 23,125 shares of Class A Common Stock on July 2, 2026. These shares were sold indirectly through The ST Trust, for which Tang serves as trustee, at weighted average prices around $189–$193 per share under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025. Following the transactions, Tang continues to hold 41,889 shares of Class A Common Stock and 7,828 shares of Class B Common Stock directly, and indirect holdings include 20,139 shares of Class A and 3,499,914 shares of Class B, with each Class B share convertible into one Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,125 shares ($4,421,342)
Net Sell
9 txns
Insider
Tang Stanley
Role
null
Sold
23,125 shs ($4.42M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 23,125 | $0.00 | -- |
| Other | Class A Common Stock | 23,125 | $0.00 | -- |
| Sale | Class A Common Stock | 2,986 | $189.748 | $567K |
| Sale | Class A Common Stock | 7,206 | $190.634 | $1.37M |
| Sale | Class A Common Stock | 10,824 | $191.716 | $2.08M |
| Sale | Class A Common Stock | 2,009 | $192.418 | $387K |
| Sale | Class A Common Stock | 100 | $193.44 | $19K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,499,914 shares (Indirect, See footnote);
Class A Common Stock — 23,125 shares (Indirect, See footnote);
Class B Common Stock — 7,828 shares (Direct, null);
Class A Common Stock — 41,889 shares (Direct, null)
Footnotes (1)
- Shares of Class B Common Stock were converted at a 1:1 ratio for a share of Class A Common Stock at the election of the Reporting Person. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025. This sale price represents the weighted average sale price of the shares sold ranging from $189.14 to $190.11 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $190.16 to $191.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $191.17 to $192.16 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $192.18 to $193.17 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. Certain of these securities are represented by Restricted Stock Units. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
Key Figures
Shares sold: 23,125 shares
Sale prices: $189.748–$193.44 per share
Direct Class A holdings: 41,889 shares
+4 more
7 metrics
Shares sold
23,125 shares
Class A open-market sales on July 2, 2026
Sale prices
$189.748–$193.44 per share
Weighted average prices for reported sales
Direct Class A holdings
41,889 shares
Class A Common Stock held directly after transactions
Direct Class B holdings
7,828 shares
Class B Common Stock held directly after transactions
Indirect Class A holdings
20,139 shares
Class A Common Stock held indirectly after sales
Indirect Class B holdings
3,499,914 shares
Class B Common Stock held indirectly after J-code transaction
Conversion ratio
1:1 Class B to Class A
Each Class B share convertible into one Class A share
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Restricted Stock Units, weighted average sale price, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Restricted Stock Units financial
"Certain of these securities are represented by Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold ranging from $189.14 to $190.11 per share."
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
FAQ
How are Stanley Tang’s indirect DoorDash (DASH) holdings structured in this filing?
The filing explains that certain shares are held by The ST Trust under an October 2, 2019 agreement, with Tang serving as trustee. Indirect holdings include Class A and Class B shares, and some securities are represented by Restricted Stock Units according to the footnotes.