DASH Form 4: Chief Business Officer Sells Shares After RSU Vesting

Rhea-AI Filing Summary

Keith Yandell, Chief Business Officer of DoorDash, Inc. (DASH), reported two sales of Class A common stock on 08/20/2025. The Form 4 shows sales of 4,880 shares at $238.098 per share and 144 shares at $241.171 per share, described as "shares sold to cover tax obligations in connection with the vesting of restricted stock units (RSUs)." After the reported transactions, the filing lists beneficial ownership amounts of 98,898 and 98,754 shares (with a note that certain securities are represented by RSUs). The form is signed by Kimberly Hackman by power of attorney on 08/22/2025 and was filed pursuant to Section 16.

Positive

• Disclosure filed pursuant to Section 16, indicating insider activity was reported publicly
• Sales are explicitly described as tax-withholding related to RSU vesting, which clarifies the transaction purpose

Negative

• Insider disposed of 5,024 shares (4,880 + 144) in two transactions on 08/20/2025
• Beneficial ownership reported changed to 98,898 and 98,754 shares after the transactions, reducing direct holdings

Insights

Financial Analyst

TL;DR: Executive executed small-scale sales to cover RSU taxes; no evidence of broader disposition or change in control.

The reported transactions are routine sales tied to RSU vesting: 4,880 shares at $238.098 and 144 shares at $241.171 on 08/20/2025 to cover tax obligations. The filings show beneficial ownership figures of 98,898 and 98,754 shares and note that some securities are RSU-represented. This is a disclosure of insider activity rather than an operational or financial development for DoorDash; it does not include additional derivative transactions or changes in officer status.

Corporate Governance Expert

TL;DR: Form 4 properly discloses the officer's sales tied to RSU tax withholding, consistent with standard insider reporting.

The Form 4 identifies the reporting person as the Chief Business Officer and discloses the nature of the sales as tax-related in connection with RSU vesting. The submission is signed by an authorized attorney-in-fact on 08/22/2025, indicating procedural compliance with filing formalities. There are no amendments, additional grants, or unusual transaction codes reported that would signal atypical governance events.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Yandell Keith

(Last) (First) (Middle)

C/O DOORDASH, INC.

303 2ND STREET, SOUTH TOWER, 8TH FLOOR

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DoorDash, Inc. [ DASH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF BUSINESS OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/20/2025		S(1)		4,880	D	$238.098	98,898(2)	D
Class A Common Stock	08/20/2025		S(1)		144	D	$241.171	98,754(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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.

	/s/ Kimberly Hackman, by power of attorney	08/22/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did DoorDash (DASH) insider Keith Yandell report on this Form 4?

The Form 4 reports sales of 4,880 shares at $238.098 and 144 shares at $241.171 on 08/20/2025.

Why were the shares sold according to the filing?

The filing states the shares were sold to cover tax obligations in connection with the vesting of restricted stock units (RSUs).

How many shares did the reporting person beneficially own after the transactions?

The Form 4 lists beneficial ownership amounts of 98,898 and 98,754 shares following the reported transactions, and notes some securities are represented by RSUs.

Who signed the Form 4 and when was it signed?

The form was signed by /s/ Kimberly Hackman, by power of attorney on 08/22/2025.

What is the reporting person’s role at DoorDash?

The reporting person, Yandell Keith, is identified as the Chief Business Officer.