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  4. [Form 4] DoorDash, Inc. Insider Trading Activity

DoorDash (DASH) director sells 84,526 shares in plan trade

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

Rhea-AI Filing Summary

DoorDash, Inc. (DASH) director Stanley Tang reported several equity transactions on August 20–21, 2026. He converted 7,828 shares of Class B Common Stock into the same number of Class A shares and similarly reclassified 72,367 Class B shares, including shares held by The ST Trust, for which he is trustee. He then sold a total of 84,526 Class A shares, including 2,160 shares sold to cover RSU-related tax obligations and larger sales of 9,999 and 72,367 shares at weighted average prices around $220–$225 per share. The sales were effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. Following one indirect Class B disposition, 3,359,854 Class B shares remained in the related indirect position.

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Insider Tang Stanley
Role Director
Sold 84,526 shs ($19.02M)
Type Security Shares Price Value
Other Class B Common Stock F7, F3 7,828 $0.00 $0.00
Other Class B Common Stock F7, F3, F5 72,367 $0.00 $0.00
Other Class A Common Stock F3, F2 7,828 $0.00 $0.00
Sale Class A Common Stock F4, F2 9,999 $225.00 $2.25M
Other Class A Common Stock F3, F5 72,367 $0.00 $0.00
Sale Class A Common Stock F4, F6, F5 72,367 $225.165 $16.29M
Sale Class A Common Stock F1, F2 2,160 $220.624 $477K
Holdings After Transaction: Class B Common Stock — 0 shares (Direct); Class B Common Stock — 3,359,854 shares (Indirect, See footnote); Class A Common Stock — 35,887 shares (Direct); Class A Common Stock — 10,361 shares (Indirect, See footnote)
Footnotes (7)
  1. F1. Shares sold to cover tax obligations in connection with the vesting of Restricted Stock Units ("RSUs").
  2. F2. Certain of these securities are represented by RSUs.
  3. F3. 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.
  4. F4. 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.
  5. F5. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
  6. F6. This sale price represents the weighted average sale price of the shares sold ranging from $225.00 to $225.74 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.
  7. F7. 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.
Total Class A shares sold 84,526 shares Net shares sold across three Class A sale transactions on August 20–21, 2026
Direct Class A sale 2,160 shares at $220.624 per share Sold on 2026-08-20 to cover RSU-related tax obligations
Direct Class A sale 9,999 shares at $225.000 per share Sold on 2026-08-21 in an open market or private transaction
Indirect Class A sale 72,367 shares at $225.165 per share Weighted average sale price for shares sold 2026-08-21; individual prices $225.00–$225.74
Class B to Class A conversion 7,828 shares Class B Common Stock converted to Class A Common Stock at a 1:1 ratio
Indirect Class B shares remaining 3,359,854 shares Class B Common Stock held indirectly after a 72,367-share disposition
Net buy/sell shares -84,526 shares Form-level transaction summary indicates net-sell direction
Restructuring-related shares 160,390 shares Shares involved in J-code restructuring transactions
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 ("RSUs") financial
"Shares sold to cover tax obligations in connection with the vesting of Restricted Stock Units"
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.
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.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold"
indirect ownership financial
"The shares are held directly by The ST Trust ... for which the Reporting Person serves as trustee"

FAQ

What insider transactions did DoorDash (DASH) director Stanley Tang report in this Form 4?
He reported converting Class B into Class A shares and selling 84,526 Class A shares on August 20–21, 2026. The activity included tax-cover sales for RSUs and larger planned sales from both direct holdings and shares held by The ST Trust.

How many DoorDash (DASH) shares did Stanley Tang sell and at what prices?
He sold a total of 84,526 Class A shares: 2,160 shares at $220.624, 9,999 shares at $225.00, and 72,367 indirect shares at a weighted average of $225.165 per share, with individual prices ranging from $225.00 to $225.74.

Were Stanley Tang’s DoorDash (DASH) share sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Stanley Tang on December 3, 2025, and the filing’s 10b5-1 affirmation box is checked.

What conversions between DoorDash (DASH) Class B and Class A shares did Stanley Tang report?
He reported converting 7,828 Class B shares into 7,828 Class A shares directly, and reclassifying 72,367 Class B shares into the same number of Class A shares indirectly. Each Class B share is convertible into one Class A share and has no expiration date.

How many DoorDash (DASH) Class B shares remain indirectly held after these transactions?
After one indirect Class B disposition of 72,367 shares, the related position shows 3,359,854 shares of Class B Common Stock remaining, held indirectly through The ST Trust for which Stanley Tang serves as trustee.

Did any DoorDash (DASH) share sales relate to RSU tax obligations for Stanley Tang?
Yes. A footnote explains that 2,160 Class A shares sold on August 20, 2026 were sold to cover tax obligations arising from the vesting of Restricted Stock Units, and certain securities reported are represented by RSUs.

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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*
Tang Stanley
(Last)(First)(Middle)
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)
08/20/2026		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 Stock08/20/2026S(1)2,160D$220.62438,058(2)D
Class A Common Stock08/21/2026J(3)7,828A$045,886(2)D
Class A Common Stock08/21/2026S(4)9,999D$22535,887(2)D
Class A Common Stock08/21/2026J(3)72,367A$082,728ISee footnote(5)
Class A Common Stock08/21/2026S(4)72,367D$225.165(6)10,361ISee footnote(5)
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(7)08/21/2026J(3)7,828 (7) (7)Class A Common Stock7,828$00D
Class B Common Stock(7)08/21/2026J(3)72,367 (7) (7)Class A Common Stock72,367$03,359,854ISee footnote(5)
Explanation of Responses:
1. Shares sold to cover tax obligations in connection with the vesting of Restricted Stock Units ("RSUs").
2. Certain of these securities are represented by RSUs.
3. 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.
4. 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.
5. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
6. This sale price represents the weighted average sale price of the shares sold ranging from $225.00 to $225.74 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.
7. 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.
/s/ Kimberly Hackman, by power of attorney08/24/2026
** 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