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DoorDash (DASH) director Andy Fang sells 5,000 shares, restructures holdings

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

DoorDash director Andy Fang reported insider transactions involving Class A and Class B shares. On June 24, 2026, a trust associated with Fang sold 5,000 shares of Class A Common Stock indirectly at $180.00 per share in an open-market transaction made under a pre-arranged Rule 10b5-1 trading plan adopted on March 6, 2026.

Separate "J"-coded entries show other non-market restructuring transactions among Fang’s indirect holdings, including movements between Class A and Class B shares that are convertible into Class A on a one-for-one basis with no expiration date. After these transactions, Fang holds 44,189 shares of Class A Common Stock directly, plus 144,000 shares of Class B Common Stock indirectly and 50,285 shares of Class B Common Stock directly, all of which are convertible into Class A shares.

Positive

  • None.

Negative

  • None.

Insights

Net sale of 5,000 shares, largely routine and pre-planned.

Director Andy Fang recorded a net sale of 5,000 Class A shares at $180.00 per share on June 24, 2026. The filing shows one open-market sale alongside non-market "J" transactions that restructured indirect holdings between Class A and Class B stock.

The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on March 6, 2026, which suggests the timing was pre-planned rather than opportunistic. Fang continues to hold substantial exposure through Class B Common Stock convertible into Class A on a one-to-one basis with no expiration date.

After these transactions, Fang reports 44,189 Class A shares directly and Class B positions representing 144,000 underlying Class A shares indirectly and 50,285 underlying Class A shares directly

Insider Fang Andy
Role Director
Sold 5,000 shs ($900K)
Type Security Shares Price Value
Other Class B Common Stock 5,000 $0.00 $0.00
Other Class A Common Stock 5,000 $0.00 $0.00
Sale Class A Common Stock 5,000 $180.00 $900K
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 5,848,604 shares (Indirect, See footnote); Class A Common Stock — 0 shares (Indirect, See footnote); Class B Common Stock — 50,285 shares (Direct); Class A Common Stock — 44,189 shares (Direct)
Footnotes (6)
  1. F1. 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.
  2. F2. The shares are held by The AF Living Trust UTA dated 9/4/19 for which the Reporting Person serves as the trustee.
  3. F3. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 6, 2026.
  4. F4. Certain of these securities are represented by Restricted Stock Units.
  5. F5. 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.
  6. F6. The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee.
Shares sold 5,000 shares Class A Common Stock sold on June 24, 2026
Sale price $180.00 per share Open-market sale of Class A Common Stock
Direct Class A holdings 44,189 shares Class A Common Stock held directly after transactions
Indirect Class B holdings 144,000 shares Class B Common Stock held indirectly, convertible 1:1 to Class A
Direct Class B holdings 50,285 shares Class B Common Stock held directly, convertible 1:1 to Class A
Restructuring volume 10,000 shares Total shares in J-coded restructuring transactions
Net buy/sell shares -5,000 shares Net effect of buy/sell activity in this filing
Rule 10b5-1 trading plan regulatory
"The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan"
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.
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock"
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.
Grantor Retained Annuity Trust (GRAT) financial
"The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee."
open-market sale financial
"Sale in open market or private transaction"
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.

FAQ

What did DoorDash (DASH) director Andy Fang do in this Form 4?
Andy Fang reported a net sale of 5,000 DoorDash Class A shares at $180 per share. He also recorded non-market restructuring transactions shifting holdings between Class A and Class B shares held directly and through trusts.

How many DoorDash shares did Andy Fang sell and at what price?
A trust associated with Andy Fang sold 5,000 shares of DoorDash Class A Common Stock at $180.00 per share. This open-market sale was reported as part of his June 24, 2026 Form 4 filing.

Was Andy Fang’s DoorDash share sale under a Rule 10b5-1 plan?
Yes. The filing states Fang’s reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2026. Such plans pre-schedule trades, reducing the significance of short-term market timing.

What DoorDash holdings does Andy Fang report after these transactions?
After the reported transactions, Fang holds 44,189 DoorDash Class A shares directly. He also holds 144,000 Class B shares indirectly and 50,285 Class B shares directly, each convertible into one Class A share with no expiration date.

What is the significance of DoorDash Class B Common Stock in this filing?
Each share of DoorDash Class B Common Stock is convertible into one Class A share with no expiration date. Fang’s Class B holdings therefore represent additional potential Class A shares beyond his directly owned Class A position.

How much restructuring activity did Andy Fang report in this DoorDash Form 4?
The transaction summary shows two "J"-coded transactions totaling 10,000 shares as restructuring events. These involved non-market changes among Fang’s indirect holdings, separate from the 5,000-share open-market sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Fang Andy
(Last)(First)(Middle)
C/O DOORDASH, INC.
303 2ND STREET, SOUTH TOWER, 8TH FLOOR
(Street)
SAN FRANCISCO CALIFORNIA 94107
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
DoorDash, Inc. [ DASH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/24/2026J(1)5,000A$05,000ISee footnote(2)
Class A Common Stock06/24/2026S(3)5,000D$1800ISee footnote(2)
Class A Common Stock44,189(4)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction 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 (Month/Day/Year)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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(5)06/24/2026J(1)5,000 (5) (5)Class A Common Stock5,000$05,704,604ISee footnote(2)
Class B Common Stock(5) (5) (5)Class A Common Stock50,28550,285D
Class B Common Stock(5) (5) (5)Class A Common Stock144,000144,000ISee footnote(6)
Explanation of Responses:
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.
2. The shares are held by The AF Living Trust UTA dated 9/4/19 for which the Reporting Person serves as the trustee.
3. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 6, 2026.
4. Certain of these securities are represented by Restricted Stock Units.
5. 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.
6. The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee.
/s/ Kimberly Hackman, by power of attorney06/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR