DoorDash (DASH) director trust sells 10,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

DoorDash director Andy Fang, as trustee of The AF Living Trust, converted 10,000 shares of Class B Common Stock into 10,000 shares of Class A Common Stock of DoorDash, Inc. on February 2, 2026 at a 1:1 ratio.

On the same date, the AF Living Trust sold those 10,000 Class A shares in multiple trades at weighted average prices between $204.04 and about $211.61, under a Rule 10b5‑1 trading plan adopted on March 6, 2025. Following these sales, the trust reported no remaining indirectly held Class A shares of this block, while Fang continues to have substantial indirect and direct holdings of convertible Class B shares, including 5,709,604 Class B shares held indirectly and additional Class B stakes held directly and via AF 2025 GRAT.

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).

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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	02/02/2026		J(1)		10,000	A	$0	10,000	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		40	D	$204.04	9,960	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		80	D	$205.06	9,880	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		200	D	$207.101(4)	9,680	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		3,796	D	$207.967(5)	5,884	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		2,524	D	$208.931(6)	3,360	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		1,446	D	$209.991(7)	1,914	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		1,554	D	$210.879(8)	360	I	See footnote(2)
Class A Common Stock	02/02/2026		S(3)		360	D	$211.606(9)	0	I	See footnote(2)
Class A Common Stock								20,030(10)	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
Class B Common Stock	(11)	02/02/2026		J(1)			10,000	(11)	(11)	Class A Common Stock	10,000	$0	5,709,604	I	See footnote(2)
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	50,285		50,285	D
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	144,000		144,000	I	See footnote(12)

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 ("AF Living Trust") 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, 2025.

4. This sale price represents the weighted average sale price of the shares sold ranging from $206.43 to $207.36 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 $207.44 to $208.42 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 $208.46 to $209.45 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 $209.46 to $210.45 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 $210.47 to $211.45 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. This sale price represents the weighted average sale price of the shares sold ranging from $211.515 to $211.83 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.

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

11. 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.

12. The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee.

	/s/ Kimberly Hackman, by power of attorney	02/04/2026
	** 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.

FAQ

What insider transaction did DoorDash (DASH) report for Andy Fang?

DoorDash reported that a trust associated with director Andy Fang converted 10,000 Class B shares into 10,000 Class A shares, then sold all 10,000 Class A shares in multiple trades on February 2, 2026.

At what prices were Andy Fang’s DoorDash shares sold on February 2, 2026?

The AF Living Trust sold 10,000 Class A DoorDash shares in tranches at weighted average prices from $204.04 up to about $211.61, with detailed price ranges disclosed for each trade aggregation in the filing footnotes.

Was the DoorDash (DASH) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the reported sales were executed under a Rule 10b5‑1 trading plan that was adopted on March 6, 2025, indicating the trades were pre‑scheduled rather than discretionary on the trade date.

Who actually held the DoorDash shares sold in this Form 4 for Andy Fang?

The sold Class A Common Stock was held by The AF Living Trust UTA dated 9/4/19, for which Andy Fang serves as trustee. The filing identifies the trust, not Fang personally, as the holder of these securities.

How many DoorDash shares does Andy Fang still hold after these transactions?

After the reported transactions, Fang indirectly holds 5,709,604 Class B shares through a trust, plus 50,285 Class B shares directly and 144,000 Class B shares indirectly via AF 2025 GRAT. Each Class B share is convertible 1:1 into Class A with no expiration.

What is the difference between DoorDash Class A and Class B shares in this filing?

The filing notes that each Class B Common Stock share is convertible into one Class A Common Stock share at the holder’s option and has no expiration date. Class A was the class actually sold after converting from Class B.