DoorDash CEO Xu shifts 31,428 shares to trust
DoorDash CEO Tony Xu reclassified 31,428 Class B shares into a trust on September 3, 2026, leaving 3,557,021 Class B shares held directly plus substantial indirect trust holdings.
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Form Type
4
Rhea-AI Filing Summary
DoorDash, Inc. (DASH) reported an insider restructuring by CEO Tony Xu involving Class B Common Stock on September 3, 2026. Xu transferred 31,428 Class B shares (convertible into the same number of Class A shares) from his direct holdings to Peach Tree Trust in satisfaction of a promissory note, and the trust is reported as indirectly holding the same amount. After this transfer, Xu directly holds 3,557,021 Class B shares and also reports additional indirect interests through several family and annuity trusts. No Rule 10b5-1 trading plan is reported for these transactions.
Insider Trade Summary
Other: 62,856 shares
Other
8 txns
Insider
Xu Tony
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock F1, F2 | 31,428 | $0.00 | $0.00 |
| Other | Class B Common Stock F1, F2, F3 | 31,428 | $0.00 | $0.00 |
| holding | Class B Common Stock F1, F4 | -- | -- | -- |
| holding | Class B Common Stock F1, F5 | -- | -- | -- |
| holding | Class B Common Stock F1, F6 | -- | -- | -- |
| holding | Class B Common Stock F1, F7 | -- | -- | -- |
| holding | Class B Common Stock F1, F8 | -- | -- | -- |
| holding | Class B Common Stock F1, F9 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,557,021 contracts (Direct);
Class B Common Stock — 6,357,943 contracts for 6,326,515 underlying shares (Indirect, See footnote)
Footnotes (9)
- F1. 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.
- F2. Transferred from the Reporting Person to Peach Tree Trust for which the Reporting Person serves as a trustee in satisfaction of a promissory note.
- F3. The shares are held by Peach Tree Trust.
- F4. The shares are held by The Article 2 Trust under TXX Annuity Trust #3.
- F5. The shares are held by The Article 3 Trust under OBX Family Trust.
- F6. The shares are held by The Article 3 Trust under TBX Family Trust.
- F7. The shares are held by The Article 3 Trust under TXX Annuity Trust #1.
- F8. The shares are held by The Article 3 Trust under TXX Annuity Trust #2.
- F9. The shares are held by The Article 4 Trust under Library Trust.
Key Figures
Shares transferred to Peach Tree Trust: 31,428 shares of Class B Common Stock
Shares acquired indirectly by Peach Tree Trust: 31,428 shares of Class B Common Stock
Direct Class B holdings after transaction: 3,557,021 shares of Class B Common Stock
+5 more
8 metrics
Shares transferred to Peach Tree Trust
31,428 shares of Class B Common Stock
Transferred on September 3, 2026 in satisfaction of a promissory note
Shares acquired indirectly by Peach Tree Trust
31,428 shares of Class B Common Stock
Reported as indirectly held by Peach Tree Trust after the transfer
Direct Class B holdings after transaction
3,557,021 shares of Class B Common Stock
Directly held by Tony Xu following the September 3, 2026 transfer
Indirect underlying Class A shares – Article 2 Trust
1,617,016 underlying shares of Class A Common Stock
Held indirectly via The Article 2 Trust under TXX Annuity Trust #3
Indirect underlying Class A shares – OBX Family Trust
305,425 underlying shares of Class A Common Stock
Held indirectly via The Article 3 Trust under OBX Family Trust
Indirect underlying Class A shares – TXX Annuity Trust #1
1,744,157 underlying shares of Class A Common Stock
Held indirectly via The Article 3 Trust under TXX Annuity Trust #1
Indirect underlying Class A shares – TXX Annuity Trust #2
2,113,302 underlying shares of Class A Common Stock
Held indirectly via The Article 3 Trust under TXX Annuity Trust #2
Indirect underlying Class A shares – Library Trust
241,190 underlying shares of Class A Common Stock
Held indirectly via The Article 4 Trust under Library Trust
Key Terms
Class B Common Stock, Class A Common Stock, promissory note, indirect ownership, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
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.
Class A Common Stock financial
"convertible into one share of Class A Common Stock at the option of the holder"
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.
promissory note financial
"in satisfaction of a promissory note"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
indirect ownership financial
"The shares are held by Peach Tree Trust and reported as indirect ownership"
trustee financial
"for which the Reporting Person serves as a trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did DoorDash (DASH) CEO Tony Xu report on September 3, 2026?
Tony Xu reported a restructuring transaction on September 3, 2026, transferring 31,428 shares of Class B Common Stock from his direct holdings to Peach Tree Trust in satisfaction of a promissory note, with the same amount then reported as indirectly held through that trust.
What indirect DoorDash (DASH) holdings does Tony Xu report through trusts?
Tony Xu reports indirect interests in Class B shares convertible into 1,617,016, 305,425, 305,425, 1,744,157, 2,113,302 and 241,190 underlying Class A shares, held by specified family and annuity trusts, including Peach Tree Trust and several Article 2, 3 and 4 trusts.
Was Tony Xu’s September 3, 2026 DoorDash (DASH) transaction an open-market sale or purchase?
No. The filing characterizes the event as an “Other acquisition or disposition” (code J). It reflects a transfer of 31,428 Class B shares from Tony Xu to Peach Tree Trust in satisfaction of a promissory note, not an open-market trade.
Does this DoorDash (DASH) Form 4 indicate trading under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
