Stanley Tang (NYSE: DASH) logs 23,125-share 10b5-1 stock sales

Rhea-AI Filing Summary

DoorDash, Inc. director Stanley Tang reported net open-market sales of 23,125 shares of Class A Common Stock on March 4, 2026, at prices around $173–$179 per share under a Rule 10b5-1 trading plan adopted on December 3, 2025.

The transactions included both directly held shares and shares held indirectly through The ST Trust under an agreement dated October 2, 2019, for which Tang serves as trustee. In related moves, 21,449 shares of Class B Common Stock were converted into Class A Common Stock at a 1:1 ratio at his election. Following these trades, Tang continued to hold Class A and Class B shares both directly and indirectly.

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

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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 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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/04/2026		S(1)		200	D	$174.046(2)	22,447(3)	D
Class A Common Stock	03/04/2026		S(1)		200	D	$175.109(4)	22,247(3)	D
Class A Common Stock	03/04/2026		S(1)		520	D	$177.066(5)	21,727(3)	D
Class A Common Stock	03/04/2026		S(1)		636	D	$177.779(6)	21,091(3)	D
Class A Common Stock	03/04/2026		S(1)		120	D	$178.67(7)	20,971(3)	D
Class A Common Stock	03/04/2026		J(8)		21,449	A	$0	21,449	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		865	D	$173.541(10)	20,584	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		2,682	D	$174.296(11)	17,902	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		1,553	D	$175.604(12)	16,349	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		2,828	D	$176.436(13)	13,521	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		10,687	D	$177.516(14)	2,834	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		2,794	D	$178.24(15)	40	I	See footnote(9)
Class A Common Stock	03/04/2026		S(1)		40	D	$178.93	0	I	See footnote(9)

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
Class B Common Stock	(16)	03/04/2026		J(8)			21,449	(16)	(16)	Class A Common Stock	21,449	$0	3,590,722	I	See footnote(9)
Class B Common Stock	(16)							(16)	(16)	Class A Common Stock	7,828		7,828	D

Explanation of Responses:

1. 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.

2. This sale price represents the weighted average sale price of the shares sold ranging from $173.39 to $174.28 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.

3. Certain of these securities are represented by Restricted Stock Units.

4. This sale price represents the weighted average sale price of the shares sold ranging from $174.71 to $175.62 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 $176.44 to $177.41 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 $177.44 to $178.41 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 $178.46 to $179.08 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.

8. 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.

9. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.

10. This sale price represents the weighted average sale price of the shares sold ranging from $172.89 to $173.83 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.

11. This sale price represents the weighted average sale price of the shares sold ranging from $173.89 to $174.88 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.

12. This sale price represents the weighted average sale price of the shares sold ranging from $174.92 to $175.915 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.

13. This sale price represents the weighted average sale price of the shares sold ranging from $175.92 to $176.91 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.

14. This sale price represents the weighted average sale price of the shares sold ranging from $176.92 to $177.915 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.

15. This sale price represents the weighted average sale price of the shares sold ranging from $177.93 to $178.89 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.

16. 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 attorney	03/06/2026
	** 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).
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FAQ

What insider transactions did Stanley Tang report for DoorDash (DASH)?

Stanley Tang reported multiple transactions on March 4, 2026, including net open-market sales of 23,125 shares of DoorDash Class A Common Stock. The filing also shows a conversion of 21,449 Class B shares into Class A shares at a 1:1 ratio at his election.

At what prices were the DoorDash (DASH) shares sold by Stanley Tang?

The reported Class A Common Stock sales occurred at prices generally between $172.89 and $179.08 per share. Several trades are described as weighted average sale prices within narrower ranges, with detailed per-trade pricing available upon request from the reporting person.

Was Stanley Tang’s sale of DoorDash (DASH) shares under a Rule 10b5-1 plan?

Yes. The filing states that the sales reported by Stanley Tang were effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. This plan governed the execution of the reported share sales on March 4, 2026.

How were DoorDash (DASH) Class B shares treated in Stanley Tang’s Form 4?

The Form 4 notes that 21,449 shares of Class B Common Stock were converted into an equal number of Class A shares at Tang’s election. Each Class B share is convertible into one Class A share and has no expiration date, according to the disclosure.

What role does The ST Trust play in Stanley Tang’s DoorDash (DASH) holdings?

Some shares involved in the reported transactions are held by The ST Trust under an agreement dated October 2, 2019. The filing explains that Stanley Tang serves as trustee of this trust, which holds certain DoorDash securities attributed as indirect ownership.