DoorDash: Sequoia fund distributes 7.7M shares
The distributions were described as partner or member allocations for no consideration, including subsequent pro rata distributions by general partners or managing members.
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Rhea-AI Filing Summary
Alfred Lin, a DoorDash, Inc. director, reported indirect Class A common stock transactions dated November 4, 2026. Sequoia Capital Fund, LP and Sequoia Capital Fund Parallel, LLC distributed 7,702,866 and 942,156 shares, respectively, pro rata in-kind to partners or members for no consideration; an estate planning vehicle acquired 381,558 shares. Reported post-transaction holdings included 7,702,866 shares for Sequoia Capital Fund, LP, 942,148 for Sequoia Capital Fund Parallel, LLC, 1,513,039 for the estate planning vehicle, 514,047 for SC US/E Expansion Fund I Management, L.P., and 3,150 shares held directly. Lin may be deemed to share voting and dispositive power over shares held by the three fund entities and disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 7,702,866 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 942,156 | $0.00 | $0.00 |
| Other | Class A Common Stock F1 | 381,558 | $0.00 | $0.00 |
| Holding | Class A Common Stock F2 | -- | -- | -- |
| Holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Represents a pro rata in-kind distribution of shares of Common Stock of the Issuer to partners or members for no consideration and includes subsequent pro rata in-kind distributions by general partners or managing members to their respective partners or members for no consideration.
- F2. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC US/E Expansion Fund I Management, L.P. ("EXPI Management") and (ii) the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of Sequoia Capital Fund, LP ("SCF") and the managing member of Sequoia Capital Fund Parallel, LLC ("SCFP"). As a result, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares held by EXPI Management, SCF and SCFP. The Reporting Person disclaims beneficial ownership of the shares held by EXPI Management, SCF and SCFP except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Key Figures
Key Terms
pro rata in-kind distribution financial
voting and dispositive power regulatory
pecuniary interest regulatory
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