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Stanley Tang (NYSE: DASH) sells 23,125 DoorDash shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

DoorDash director Stanley Tang reported open-market sales of 23,125 shares of Class A Common Stock on June 2, 2026. The shares were sold indirectly through The ST Trust in multiple trades at weighted average prices ranging from about $155.09 to $160.28 per share under a Rule 10b5-1 trading plan adopted on December 3, 2025.

Following these transactions and related internal transfers between Class A and Class B shares, Tang has visible holdings that include 41,889 Class A shares directly and 3,523,039 Class B shares indirectly through The ST Trust, in addition to 7,828 Class B shares held directly that are convertible 1-for-1 into Class A with no expiration.

Positive

  • None.

Negative

  • None.
Insider Tang Stanley
Role Director
Sold 23,125 shs ($3.65M)
Type Security Shares Price Value
Other Class B Common Stock 23,125 $0.00 $0.00
Other Class A Common Stock 23,125 $0.00 $0.00
Sale Class A Common Stock 4,795 $155.693 $747K
Sale Class A Common Stock 5,530 $156.627 $866K
Sale Class A Common Stock 2,900 $157.526 $457K
Sale Class A Common Stock 3,300 $158.586 $523K
Sale Class A Common Stock 6,400 $159.575 $1.02M
Sale Class A Common Stock 200 $160.275 $32K
holding Class B Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 3,523,039 shares (Indirect, See footnote); Class A Common Stock — 0 shares (Indirect, See footnote); Class B Common Stock — 7,828 shares (Direct); Class A Common Stock — 41,889 shares (Direct)
Footnotes (11)
  1. F1. 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.
  2. F2. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
  3. F3. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025.
  4. F4. This sale price represents the weighted average sale price of the shares sold ranging from $155.09 to $156.08 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  5. F5. This sale price represents the weighted average sale price of the shares sold ranging from $156.10 to $157.09 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  6. F6. This sale price represents the weighted average sale price of the shares sold ranging from $157.15 to $158.12 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  7. F7. This sale price represents the weighted average sale price of the shares sold ranging from $158.20 to $159.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  8. F8. This sale price represents the weighted average sale price of the shares sold ranging from $159.22 to $160.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  9. F9. This sale price represents the weighted average sale price of the shares sold ranging from $160.27 to $160.28 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  10. F10. Certain of these securities are represented by Restricted Stock Units.
  11. F11. 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.
Shares sold 23,125 shares Class A Common Stock sold on June 2, 2026
Sale price range $155.09–$160.28 per share Weighted average price ranges across reported trades
Direct Class A holdings 41,889 shares Class A Common Stock held directly after transactions
Indirect Class B holdings 3,523,039 shares Class B Common Stock held indirectly via The ST Trust
Direct Class B holdings 7,828 shares Class B Common Stock held directly, convertible 1:1 into Class A
Net buy/sell direction -23,125 shares Net-sell position from transaction summary
Restructuring shares 46,250 shares J-code restructuring transactions involving Class A and Class B
10b5-1 plan adoption date December 3, 2025 Date Tang adopted trading plan governing reported sales
Rule 10b5-1 trading plan regulatory
"The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B Common Stock financial
"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."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Restricted Stock Units financial
"Certain of these securities are represented by Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold ranging from $155.09 to $156.08 per share."
other acquisition or disposition regulatory
"transaction_code_description: Other acquisition or disposition"

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FAQ

How many DoorDash (DASH) shares did Stanley Tang sell in this Form 4?
Stanley Tang reported selling 23,125 shares of DoorDash Class A Common Stock. The sales occurred on June 2, 2026 in multiple open-market trades, all reported as indirect transactions through The ST Trust for which he serves as trustee.

At what prices did Stanley Tang’s DoorDash (DASH) share sales occur?
The reported DoorDash share sales occurred at weighted average prices between roughly $155.09 and $160.28 per share. Footnotes specify narrower price ranges for each trade and note Tang will provide detailed breakdowns of individual sale prices upon request.

Were Stanley Tang’s DoorDash (DASH) share sales made under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by Stanley Tang on December 3, 2025. Such plans pre-schedule trades, making the timing more routine and less tied to day-to-day market conditions.

How many DoorDash (DASH) shares does Stanley Tang hold after these transactions?
After these transactions, Tang’s visible holdings include 41,889 Class A shares directly and 3,523,039 Class B shares indirectly via The ST Trust, plus 7,828 Class B shares directly. Each Class B share is convertible into one Class A share with no expiration.

What role does The ST Trust play in Stanley Tang’s DoorDash (DASH) holdings?
The filing states certain shares are held by The ST Trust under an agreement dated October 2, 2019, for which Tang serves as trustee. The indirect sales and a large portion of his Class B holdings are attributed to this trust structure rather than personal direct ownership.

What is the significance of DoorDash (DASH) Class B Common Stock in this Form 4?
The Form 4 shows Tang holding DoorDash Class B Common Stock, both directly and indirectly. Footnotes explain each Class B share is convertible into one Class A share at the holder’s option and has no expiration date, giving long-term flexibility to convert into publicly traded Class A.
SEC Form 4
FORM 4UNITED 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*
Tang Stanley
(Last)(First)(Middle)
303 2ND STREET, SOUTH TOWER
8TH FLOOR
(Street)
SAN FRANCISCO CALIFORNIA 94107
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
DoorDash, Inc. [ DASH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/02/2026J(1)23,125A$023,125ISee footnote(2)
Class A Common Stock06/02/2026S(3)4,795D$155.693(4)18,330ISee footnote(2)
Class A Common Stock06/02/2026S(3)5,530D$156.627(5)12,800ISee footnote(2)
Class A Common Stock06/02/2026S(3)2,900D$157.526(6)9,900ISee footnote(2)
Class A Common Stock06/02/2026S(3)3,300D$158.586(7)6,600ISee footnote(2)
Class A Common Stock06/02/2026S(3)6,400D$159.575(8)200ISee footnote(2)
Class A Common Stock06/02/2026S(3)200D$160.275(9)0ISee footnote(2)
Class A Common Stock41,889(10)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(11)06/02/2026J(1)23,125 (11) (11)Class A Common Stock23,125$03,523,039ISee footnote(2)
Class B Common Stock(11) (11) (11)Class A Common Stock7,8287,828D
Explanation of Responses:
1. 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.
2. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
3. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025.
4. This sale price represents the weighted average sale price of the shares sold ranging from $155.09 to $156.08 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
5. This sale price represents the weighted average sale price of the shares sold ranging from $156.10 to $157.09 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
6. This sale price represents the weighted average sale price of the shares sold ranging from $157.15 to $158.12 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
7. This sale price represents the weighted average sale price of the shares sold ranging from $158.20 to $159.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
8. This sale price represents the weighted average sale price of the shares sold ranging from $159.22 to $160.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
9. This sale price represents the weighted average sale price of the shares sold ranging from $160.27 to $160.28 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
10. Certain of these securities are represented by Restricted Stock Units.
11. 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 attorney06/04/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR