Was the DoorDash (DASH) share sale part of a Rule 10b5-1 trading plan?

Yes. The filing states the reported sales were effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. Such plans are pre-arranged programs that schedule trades in advance, helping separate routine portfolio activity from discretionary market-timing decisions by insiders.

DoorDash (NYSE: DASH) director’s trust sells 23,125 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

DoorDash, Inc. director Stanley Tang reported open-market sales of Class A Common Stock through a trust he oversees. On May 4, 2026, The ST Trust sold a total of 23,125 Class A shares in multiple trades at weighted average prices ranging from $172.19 to $176.40 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025.

After these transactions, Tang holds 43,481 Class A shares directly and 7,828 Class B shares directly, plus additional Class A and Class B shares indirectly through The ST Trust, including 3,546,164 Class B shares that are convertible into Class A on a 1:1 basis with no expiration date.

Insider Trade Summary 10b5-1

Net Seller: 23,125 shares ($4,023,024)

Net Sell 9 txns

Insider Tang Stanley

Role null

Sold 23,125 shs ($4.02M)

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	4,759	$172.722	$822K
Sale	Class A Common Stock	10,571	$173.788	$1.84M
Sale	Class A Common Stock	4,638	$174.464	$809K
Sale	Class A Common Stock	2,757	$175.638	$484K
Sale	Class A Common Stock	400	$176.323	$71K
holding	Class B Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 3,546,164 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 — 43,481 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 $172.19 to $173.18 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 $173.19 to $174.18 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 $174.19 to $175.13 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 $175.20 to $176.14 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 $176.21 to $176.40 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

Class A shares sold: 23,125 shares Sale price range: $172.19–$176.40 per share Direct Class A holdings: 43,481 shares +3 more

6 metrics

Class A shares sold 23,125 shares Open-market sales on May 4, 2026 by The ST Trust

Sale price range $172.19–$176.40 per share Weighted average price ranges for reported sales

Direct Class A holdings 43,481 shares Shares of DoorDash Class A Common Stock held directly after transactions

Direct Class B holdings 7,828 shares DoorDash Class B Common Stock held directly, convertible 1:1 into Class A

Indirect Class B holdings 3,546,164 shares Class B Common Stock held indirectly, each convertible into one Class A share

10b5-1 plan adoption date December 3, 2025 Date the pre-arranged trading plan governing these sales was adopted

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 regulatory

"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.

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.

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"

indirect beneficial ownership financial

"The shares are held directly by The ST Trust ... the Reporting Person serves as trustee."

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:10 PM

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

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).

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/04/2026		J⁽¹⁾		23,125	A	$0	23,125	I	See footnote⁽²⁾
Class A Common Stock	05/04/2026		S⁽³⁾		4,759	D	$172.722⁽⁴⁾	18,366	I	See footnote⁽²⁾
Class A Common Stock	05/04/2026		S⁽³⁾		10,571	D	$173.788⁽⁵⁾	7,795	I	See footnote⁽²⁾
Class A Common Stock	05/04/2026		S⁽³⁾		4,638	D	$174.464⁽⁶⁾	3,157	I	See footnote⁽²⁾
Class A Common Stock	05/04/2026		S⁽³⁾		2,757	D	$175.638⁽⁷⁾	400	I	See footnote⁽²⁾
Class A Common Stock	05/04/2026		S⁽³⁾		400	D	$176.323⁽⁸⁾	0	I	See footnote⁽²⁾
Class A Common Stock								43,481⁽⁹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁰⁾	05/04/2026		J⁽¹⁾			23,125	⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	23,125	$0	3,546,164	I	See footnote⁽²⁾
Class B Common Stock	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	7,828		7,828	D

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 directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.

3. 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.

4. This sale price represents the weighted average sale price of the shares sold ranging from $172.19 to $173.18 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.

5. This sale price represents the weighted average sale price of the shares sold ranging from $173.19 to $174.18 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.

6. This sale price represents the weighted average sale price of the shares sold ranging from $174.19 to $175.13 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. This sale price represents the weighted average sale price of the shares sold ranging from $175.20 to $176.14 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.

8. This sale price represents the weighted average sale price of the shares sold ranging from $176.21 to $176.40 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.

9. Certain of these securities are represented by Restricted Stock Units.

10. 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 attorney	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did DoorDash (DASH) director Stanley Tang report in this Form 4?

He reported that a trust he oversees sold 23,125 DoorDash Class A shares in multiple open-market trades. The transactions occurred on May 4, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, and updated his reported holdings.

How many DoorDash (DASH) shares were sold and at what prices?

The filing shows sales totaling 23,125 Class A shares of DoorDash. These were executed in several trades at weighted average prices between $172.19 and $176.40 per share, with detailed breakdowns available upon request from the reporting person, the company, or the SEC staff.

Who actually sold the DoorDash (DASH) shares reported by Stanley Tang?

The sales were made by The ST Trust, which holds shares for the benefit of the reporting person and others. Stanley Tang serves as trustee of this trust, so the positions and transactions are reported as indirect beneficial ownership associated with his role as a DoorDash director.

How many DoorDash (DASH) shares does Stanley Tang hold after these transactions?

After the reported trades, he holds 43,481 Class A shares directly and 7,828 Class B shares directly. Indirectly, through The ST Trust and related holdings, he also reports significant Class A and 3,546,164 Class B shares, each Class B share being convertible 1:1 into Class A.

What is the significance of DoorDash (DASH) Class B Common Stock in this Form 4?

The filing explains each DoorDash Class B share is convertible into one Class A share at the holder’s option and has no expiration date. This means Class B holdings, including 7,828 direct and 3,546,164 indirect shares, represent potential future Class A shares if converted.