DASH Form 4: Chief Accounting Officer Sells 1,846 Shares via 10b5-1 Plan
Rhea-AI Filing Summary
DoorDash insider sale by Chief Accounting Officer — The filing shows that Lee Gordon S, DoorDash Chief Accounting Officer, sold 1,846 shares of Class A common stock on 08/27/2025 at a reported price of $248.37 per share. After the sale the reporting person beneficially owned 89,096 shares; the filing notes some of those shares are represented by restricted stock units. The sale was executed under a Rule 10b5-1 trading plan adopted on 06/03/2024. The form is a routine Section 16 disclosure of an officer sale and includes a signature by Kimberly Hackman by power of attorney.
Positive
- Sale executed under a Rule 10b5-1 trading plan, which is typically pre-established and helps mitigate insider trading concerns
- Full disclosure of post-transaction beneficial ownership (89,096 shares) and note that some holdings are restricted stock units
Negative
- Insider disposition of shares — the Chief Accounting Officer sold 1,846 shares at $248.37 per share
Insights
TL;DR: Officer sale of 1,846 shares under a pre-established 10b5-1 plan; remaining beneficial ownership 89,096 shares — routine disclosure.
This Form 4 reports a small, planned disposition by DoorDash's Chief Accounting Officer. The transaction was executed under a 10b5-1 plan adopted on 06/03/2024, which provides an affirmative defense against insider trading allegations when plan conditions are met. The filing discloses the sale price of $248.37 and that some holdings are restricted stock units; no derivative transactions were reported. For investors, this is a routine insider liquidity event with no additional company-specific financial data or material corporate actions disclosed.
TL;DR: Governance-wise the use of a 10b5-1 plan signals pre-planned disposition; filing presents standard transparency for an officer sale.
The submission is complete for a Section 16 reporting event: it identifies the reporting person, relationship to the issuer, transaction date, trade code, number of shares sold, sale price, and post-transaction beneficial ownership. The explicit note that the sale was pursuant to a 10b5-1 plan adopted 06/03/2024 and the disclosure that some securities are RSUs improve clarity about the nature of holdings. There are no indications of acceleration clauses, option exercises, or derivative activity in this filing.