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

DASH insider reports tax-cover sales and 15,000-share Class B conversion

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

Rhea-AI Filing Summary

DoorDash, Inc. (DASH) director reported several equity transactions involving Class A and Class B common stock. On 11/20/2025, the director sold 24 and 1,229 shares of Class A common stock at prices of $189.85 and $196.16, respectively, described as sales to cover tax obligations from vesting restricted stock units. After these sales, the director held 23,554 Class A shares directly, some represented by RSUs. On 11/21/2025, 15,000 shares of Class B common stock were converted into Class A common stock at a 1:1 ratio at the director’s election, with no cash consideration. These shares are held indirectly through The ST Trust, for which the director serves as trustee, and each Class B share remains convertible into one Class A share with no expiration date.

Positive

  • None.

Negative

  • None.
Insider Tang Stanley
Role Director
Sold 1,253 shs ($246K)
Type Security Shares Price Value
Other Class B Common Stock 15,000 $0.00 $0.00
Other Class A Common Stock 15,000 $0.00 $0.00
Gift Class A Common Stock 15,000 $0.00 $0.00
Sale Class A Common Stock 24 $189.85 $5K
Sale Class A Common Stock 1,229 $196.16 $241K
holding Class B Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 3,748,401 shares (Indirect, See footnote); Class A Common Stock — 23,554 shares (Direct); Class A Common Stock — 0 shares (Indirect, See footnote); Class B Common Stock — 7,828 shares (Direct)
Footnotes (5)
  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 shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
  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.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider activity did DoorDash (DASH) report in this Form 4?

The filing shows a DoorDash director sold small amounts of Class A common stock on 11/20/2025 and converted Class B shares into Class A on 11/21/2025.

How many DoorDash (DASH) shares did the director sell and at what prices?

The director sold 24 Class A shares at $189.85 and 1,229 Class A shares at $196.16, both on 11/20/2025.

Why were some DoorDash (DASH) shares sold by the director?

The filing explains that the Class A shares were sold to cover tax obligations arising from the vesting of restricted stock units (RSUs).

How many DoorDash (DASH) Class A shares does the director hold after the sales?

Following the reported sales, the director beneficially owned 23,554 shares of Class A common stock directly, with certain shares represented by RSUs.

What happened to the DoorDash (DASH) Class B common stock held by the director?

On 11/21/2025, 15,000 shares of Class B common stock were converted 1:1 into Class A common stock at the director’s election, with no cash paid.

Who holds the indirectly owned DoorDash (DASH) shares and how?

The indirectly owned shares are held by The ST Trust under an agreement dated October 2, 2019, for which the reporting person serves as trustee.

What is the conversion feature of DoorDash (DASH) Class B common stock?

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.

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 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)
11/20/2025
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 11/20/2025 S(1) 24 D $189.85 24,783(2) D
Class A Common Stock 11/20/2025 S(1) 1,229 D $196.16 23,554(2) D
Class A Common Stock 11/21/2025 J(3) 15,000 A $0 15,000 I See footnote(4)
Class A Common Stock 11/21/2025 G 15,000 D $0 0 I See footnote(4)
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 (5) 11/21/2025 J(3) 15,000 (5) (5) Class A Common Stock 15,000 $0 3,748,401 I See footnote(4)
Class B Common Stock (5) (5) (5) Class A Common Stock 7,828 7,828 D
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 shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
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.
/s/ Kimberly Hackman, by power of attorney 11/24/2025
** 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.

Source: View Original Filing on SEC EDGAR