DoorDash (DASH) CEO reports option exercise and 10b5-1 share sale

Rhea-AI Filing Summary

DoorDash, Inc. CEO Tony Xu reported an option exercise and share sale in Class A common stock. On January 5, 2026, he exercised a stock option for 16,667 shares at an exercise price of $7.16 per share and acquired the underlying Class A shares. The same day, he sold 16,667 Class A shares at a reported price of $230 per share under a Rule 10b5-1 trading plan adopted on March 8, 2025.

After these transactions, Xu directly held 1,500 Class A shares and 1,184,139 stock options. An additional 83 Class A shares are held indirectly through TXX Investments LLC, whose sole member is a family trust for which Xu serves as trustee.

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^*

Xu Tony

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		M		16,667	A	$7.16	18,167	D
Class A Common Stock	01/05/2026		S(1)		16,667	D	$230	1,500	D
Class A Common Stock								83	I	See footnote(2)

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
Stock Option (right to buy)	$7.16	01/05/2026		M			16,667	(3)	10/09/2028	Class A Common Stock	16,667	$0	1,184,139	D

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 8, 2025.

2. The shares are held by TXX Investments LLC, whose sole member is The Article 4 Trust under TXX Family Trust for which the Reporting Person serves as a trustee.

3. The shares underlying the option are fully vested and immediately exercisable.

	/s/ Kimberly Hackman, by power of attorney	01/07/2026
	** 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.
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FAQ

What insider transactions did DoorDash (DASH) CEO Tony Xu report on January 5, 2026?

Tony Xu reported exercising a stock option for 16,667 shares of DoorDash Class A common stock at an exercise price of $7.16 per share and selling 16,667 Class A shares at a price of $230 per share on January 5, 2026.

Was the DoorDash (DASH) CEO’s share sale done under a Rule 10b5-1 trading plan?

Yes. The sales of 16,667 Class A shares reported by Tony Xu were effected under a Rule 10b5-1 trading plan that was adopted on March 8, 2025, as disclosed in the footnotes.

How many DoorDash (DASH) shares does Tony Xu hold directly after this Form 4?

Following the reported transactions, Tony Xu directly held 1,500 shares of DoorDash Class A common stock and 1,184,139 stock options beneficially owned after the exercise.

What indirect DoorDash (DASH) holdings related to Tony Xu are disclosed?

The Form 4 notes 83 Class A shares held indirectly through TXX Investments LLC, whose sole member is The Article 4 Trust under the TXX Family Trust, for which Tony Xu serves as trustee.

What type of derivative security did the DoorDash (DASH) CEO exercise?

Tony Xu exercised a stock option covering 16,667 shares of DoorDash Class A common stock at an exercise price of $7.16 per share. The footnotes state that the option shares are fully vested and immediately exercisable.

What positions does Tony Xu hold at DoorDash (DASH) according to this filing?

The filing identifies Tony Xu as a Director, Chief Executive Officer, and a 10% Owner of DoorDash, Inc.