DASH director executed 10b5-1 sale of 825 shares at $280

Rhea-AI Filing Summary

Director Shona L. Brown sold 825 shares of DoorDash, Inc. (DASH) common stock at a price of $280 per share on 10/06/2025. The sale was executed under a Rule 10b5-1 trading plan adopted on 03/07/2025. Following the transaction, the reporting person beneficially owns 38,502 shares, some of which are represented by restricted stock units. The Form 4 was signed by a power of attorney on 10/08/2025.

Positive

• Sale executed under a Rule 10b5-1 plan, adopted on 03/07/2025, indicating pre-planned trading
• Continuing significant ownership: reporting person retains 38,502 shares after the transaction
• Disclosure includes RSU detail, noting some holdings are represented by restricted stock units

Negative

• Insider disposition of 825 shares on 10/06/2025, which could be perceived negatively by some investors

Insights

Corporate Governance Analyst

Routine 10b5-1 sale by a company director; transparent and pre-planned.

This transaction shows a director disposed of 825 shares at $280 under a trading plan adopted on 03/07/2025, which provides an affirmative defense under Rule 10b5-1. Using a plan reduces the likelihood that the sale was timed on undisclosed material information and supports standard governance processes.

The director still holds 38,502 shares, including restricted stock units, so the sale did not eliminate substantial ownership. Monitor any future scheduled plan disclosures or additional Form 4 filings within the next 3–6 months for further changes in insider ownership.

Equity Markets Analyst

Small, pre-arranged sale unlikely to be materially informative for valuation.

The reported sale of 825 shares at $280 is modest relative to the director's retained position of 38,502 shares and is explicitly tied to a Rule 10b5-1 plan adopted on 03/07/2025. Such pre-set plans commonly produce routine, non-disruptive insider transactions.

Because the trade was executed under an existing plan, investors may treat this as a liquidity action rather than a signal about near-term company fundamentals; watch for any larger or unscheduled insider trades over the next few reporting periods.

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^*

Brown Shona L

(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)
10/06/2025

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	10/06/2025		S(1)		825	D	$280	38,502(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. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 7, 2025.

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

	/s/ Kimberly Hackman, by power of attorney	10/08/2025
	** 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 did DoorDash director Shona L. Brown report on Form 4 (DASH)?

Shona L. Brown sold 825 shares of DoorDash common stock at $280 per share on 10/06/2025 and now beneficially owns 38,502 shares.

Was the sale by the director pre-arranged under a trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on 03/07/2025.

Do the remaining holdings include restricted stock units (RSUs)?

Yes. The filing states that certain securities are represented by Restricted Stock Units.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by /s/ Kimberly Hackman, by power of attorney on 10/08/2025.

Does this Form 4 indicate the director is no longer subject to Section 16?

No. The form does not indicate that the reporting person is no longer subject to Section 16; the filing confirms continued reporting obligations.