DoorDash (DASH) director sells shares to pay RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoorDash director Stanley Tang sold 907 shares of Class A common stock in an open-market transaction at an average price of $175.496 per share. According to the filing, the sale was made to cover tax obligations from vesting restricted stock units. After this sale, Tang beneficially owns 22,647 shares directly, some of which are represented by RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 907 shares ($159,175)
Net Sell
1 txn
Insider
Tang Stanley
Role
Director
Sold
907 shs ($159K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 907 | $175.496 | $159K |
Holdings After Transaction:
Class A Common Stock — 22,647 shares (Direct)
Footnotes (1)
- Shares sold to cover tax obligations in connection with the vesting of restricted stock units ("RSUs"). Certain of these securities are represented by RSUs.
FAQ
What did DoorDash (DASH) director Stanley Tang report in this Form 4?
Stanley Tang reported selling 907 shares of DoorDash Class A common stock. The sale was an open-market transaction and was conducted to cover tax obligations related to the vesting of restricted stock units, according to the filing’s footnotes.
Was the DoorDash (DASH) insider transaction an open-market sale?
Yes. The Form 4 identifies the transaction as an open-market sale of non-derivative Class A common stock, coded “S” for sale. The transaction code description confirms it as a sale in open market or private transaction.
Does the DoorDash (DASH) Form 4 indicate any indirect ownership or special entities?
No. The reported shares are classified as directly owned by Stanley Tang. The footnotes focus on tax obligations and restricted stock units, without mentioning separate entities such as trusts, LLCs, or partnerships holding the shares.