DoorDash director Stanley Tang’s trust sells 23,125 shares
The director’s reported sales were made under a Rule 10b5-1 plan adopted on December 3, 2025.
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Form Type
4
Rhea-AI Filing Summary
DoorDash, Inc. director Stanley Tang, trustee of The ST Trust, reported that the trust converted 23,125 Class B shares into 23,125 Class A shares at a 1:1 ratio on November 2, 2026, at Tang’s election; it also sold 23,125 Class A shares. The trust’s sales were made pursuant to a Rule 10b5-1 trading plan Tang adopted on December 3, 2025. The reported post-transaction Class B position was 3,272,635 shares.
Insider Trade Summary 10b5-1
Net Seller: 23,125 shares
Net Sell
13 txns
Insider
Tang Stanley
Role
Director
Sold
23,125 shs ($4.36M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock F13, F1, F2 | 23,125 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 23,125 | $0.00 | $0.00 |
| Sale | Class A Common Stock F3, F2 | 200 | $178.35 | $36K |
| Sale | Class A Common Stock F3, F2 | 100 | $180.15 | $18K |
| Sale | Class A Common Stock F3, F4, F2 | 500 | $181.614 | $91K |
| Sale | Class A Common Stock F3, F5, F2 | 300 | $182.517 | $55K |
| Sale | Class A Common Stock F3, F2 | 100 | $183.35 | $18K |
| Sale | Class A Common Stock F3, F6, F2 | 1,000 | $185.695 | $186K |
| Sale | Class A Common Stock F3, F7, F2 | 500 | $186.563 | $93K |
| Sale | Class A Common Stock F3, F8, F2 | 4,493 | $188.26 | $846K |
| Sale | Class A Common Stock F3, F9, F2 | 5,661 | $188.955 | $1.07M |
| Sale | Class A Common Stock F3, F10, F2 | 10,071 | $190.017 | $1.91M |
| Sale | Class A Common Stock F3, F11, F2 | 200 | $190.81 | $38K |
| Holding | Class A Common Stock F12 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,272,635 contracts (Indirect, See footnote);
Class A Common Stock — 10,361 shares (Indirect, See footnote);
Class A Common Stock — 35,887 shares (Direct)
Footnotes (13)
- 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.
- F2. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
- F3. The sale reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025.
- F4. This sale price represents the weighted average sale price of the shares sold ranging from $181.17 to $182.15 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.
- F5. This sale price represents the weighted average sale price of the shares sold ranging from $182.35 to $182.83 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.
- F6. This sale price represents the weighted average sale price of the shares sold ranging from $185.11 to $186.07 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.
- F7. This sale price represents the weighted average sale price of the shares sold ranging from $186.26 to $187.14 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.
- F8. This sale price represents the weighted average sale price of the shares sold ranging from $187.53 to $188.52 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.
- F9. This sale price represents the weighted average sale price of the shares sold ranging from $188.53 to $189.50 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.
- F10. This sale price represents the weighted average sale price of the shares sold ranging from $189.55 to $190.45 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.
- F11. This sale price represents the weighted average sale price of the shares sold ranging from $190.70 to $190.92 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.
- F12. Certain of these securities are represented by Restricted Stock Units.
- F13. 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.
Key Figures
Class A shares sold: 23,125 shares
Class B shares converted: 23,125 shares
Post-transaction Class B shares: 3,272,635 shares
+3 more
6 metrics
Class A shares sold
23,125 shares
The ST Trust’s sales on November 2, 2026
Class B shares converted
23,125 shares
Converted into 23,125 Class A shares at a 1:1 ratio on November 2, 2026
Post-transaction Class B shares
3,272,635 shares
Reported following the November 2, 2026 transaction
Direct Class A shares
35,887 shares
Reported after the transactions; certain of these securities are represented by Restricted Stock Units
Weighted average sale price
$188.26 per share
For 4,493 Class A shares; the reported price range was $187.53 to $188.52 per share
Sale price
$178.35 per share
For 200 Class A shares sold on November 2, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Restricted Stock Units
3 terms
Rule 10b5-1 trading plan regulatory
"pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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.
weighted average sale price financial
"weighted average sale price of the shares sold"
Restricted Stock Units financial
"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.
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