DoorDash (NYSE: DASH) CAO executes 2,173-share Rule 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoorDash, Inc. chief accounting officer Gordon S. Lee sold 2,173 shares of Class A common stock in an open-market transaction. The sale occurred at a price of $176.19 per share and was reported as a direct holding. After the transaction, Lee held 82,366 shares directly.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 3, 2025, indicating it was scheduled in advance rather than decided at the time of the trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,173 shares ($382,861)
Net Sell
1 txn
Insider
Lee Gordon S
Role
CHIEF ACCOUNTING OFFICER
Sold
2,173 shs ($383K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,173 | $176.19 | $383K |
Holdings After Transaction:
Class A Common Stock — 82,366 shares (Direct)
Footnotes (1)
- The sale reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025. Certain of these securities are represented by Restricted Stock Units.
FAQ
What insider transaction did DoorDash (DASH) report for Gordon S. Lee?
DoorDash reported that chief accounting officer Gordon S. Lee sold 2,173 shares of Class A common stock. The transaction was an open-market sale at $176.19 per share and left him with 82,366 directly held shares afterward.
Was the DoorDash (DASH) insider sale made under a 10b5-1 plan?
Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted on June 3, 2025. Such plans allow insiders to pre-schedule trades, helping separate routine diversification from opportunistic trading decisions.
What role does Gordon S. Lee hold at DoorDash (DASH)?
Gordon S. Lee serves as DoorDash’s chief accounting officer. His position is identified in the filing, indicating he is an officer but not a director or 10% beneficial owner, which requires regular reporting of equity transactions on Form 4.
Does the DoorDash (DASH) filing mention Restricted Stock Units (RSUs)?
Yes. A footnote explains that certain securities reported are represented by Restricted Stock Units. RSUs typically convert into common shares over time, linking executive compensation to company performance and long-term share value.