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DoorDash director sells 15,000 shares at ~$230

DoorDash director Andy Fang converted and sold 15,000 Class A shares under a Rule 10b5-1 plan while retaining significant direct and indirect holdings.

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

Rhea-AI Filing Summary

DoorDash, Inc. (DASH) director Andy Fang reported a series of transactions on September 1, 2026 involving Class A and Class B Common Stock. Fang elected to convert 15,000 shares of Class B Common Stock into 15,000 shares of Class A Common Stock held indirectly through The AF Living Trust, then that trust sold 15,000 Class A shares in multiple open-market transactions at weighted-average prices ranging from about $225.75 to $232.23 per share pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2026. Following these transactions, Fang continues to hold 42,598 shares of Class A Common Stock directly (some represented by RSUs) and Class B Common Stock convertible into 144,000 Class A shares indirectly and 50,285 Class A shares directly.

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Insider Fang Andy
Role Director
Sold 15,000 shs ($3.42M)
Type Security Shares Price Value
Other Class B Common Stock F12, F1, F2 15,000 $0.00 $0.00
Other Class A Common Stock F1, F2 15,000 $0.00 $0.00
Sale Class A Common Stock F3, F4, F2 2,721 $225.754 $614K
Sale Class A Common Stock F3, F5, F2 1,927 $226.746 $437K
Sale Class A Common Stock F3, F6, F2 2,552 $227.919 $582K
Sale Class A Common Stock F3, F7, F2 3,900 $228.818 $892K
Sale Class A Common Stock F3, F8, F2 1,983 $230.035 $456K
Sale Class A Common Stock F3, F9, F2 1,417 $230.823 $327K
Sale Class A Common Stock F3, F10, F2 500 $232.231 $116K
holding Class B Common Stock F12, F13 -- -- --
holding Class B Common Stock F12 -- -- --
holding Class A Common Stock F11 -- -- --
Holdings After Transaction: Class B Common Stock — 5,793,604 contracts for 144,000 underlying shares (Indirect, See footnote); Class A Common Stock — 0 shares (Indirect, See footnote); Class B Common Stock — 50,285 contracts (Direct); Class A Common Stock — 42,598 shares (Direct)
Footnotes (13)
  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 by The AF Living Trust UTA dated 9/4/19 for which the Reporting Person serves as the trustee.
  3. F3. The sale reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 6, 2026.
  4. F4. This sale price represents the weighted average sale price of the shares sold ranging from $225.35 to $226.34 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 $226.35 to $227.09 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 $227.36 to $228.23 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 $228.42 to $229.24 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 $229.52 to $230.51 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 $230.52 to $231.36 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. This sale price represents the weighted average sale price of the shares sold ranging from $232.01 to $232.35 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. F11. Certain of these securities are represented by Restricted Stock Units.
  12. F12. 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.
  13. F13. The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee.
Class B to Class A conversion 15,000 shares Class B Common Stock converted into Class A at a 1:1 ratio on September 1, 2026
Class A shares sold 15,000 shares Total Class A Common Stock sold indirectly through The AF Living Trust on September 1, 2026
Weighted-average sale price range $225.35–$232.35 per share Price ranges across the reported sale tranches, as described in footnotes
Direct Class A holdings after transactions 42,598 shares Class A Common Stock held directly by Andy Fang following the reported transactions
Indirect convertible Class B holdings 144,000 underlying Class A shares Class B Common Stock held indirectly, convertible into Class A at a 1:1 ratio
Direct convertible Class B holdings 50,285 underlying Class A shares Class B Common Stock held directly, convertible into Class A at a 1:1 ratio
Rule 10b5-1 trading plan regulatory
"The sale reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan"
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"
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.
Grantor Retained Annuity Trust financial
"The shares are held by AF 2025 GRAT for which the Reporting Person serves"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold"

FAQ

What did DoorDash (DASH) director Andy Fang do in this Form 4 filing?
Andy Fang reported converting 15,000 Class B shares into 15,000 Class A shares on September 1, 2026, then selling those 15,000 Class A shares in multiple open-market transactions through an indirectly owned trust.

How many DoorDash (DASH) shares did Andy Fang sell and at what prices?
An indirectly owned trust sold a total of 15,000 Class A shares of DoorDash on September 1, 2026 in several trades at weighted-average prices ranging from about $225.75 to $232.23 per share, as disclosed in the price footnotes.

Were Andy Fang’s DoorDash (DASH) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the reported sales were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 6, 2026, and the filing’s Rule 10b5-1 checkbox is affirmed.

How many DoorDash (DASH) shares does Andy Fang still own directly after these trades?
After the reported transactions, Andy Fang directly holds 42,598 shares of Class A Common Stock, with the filing noting that certain of these securities are represented by Restricted Stock Units.

What indirect DoorDash (DASH) holdings does Andy Fang report in this Form 4?
Indirectly, Fang reports Class B Common Stock convertible into 144,000 Class A shares and, through a separate direct Class B position, 50,285 Class A shares equivalent, including shares held by The AF Living Trust and AF 2025 GRAT, for which he serves as trustee.

Who held the DoorDash (DASH) shares that were sold in this Form 4?
The sold shares were held by The AF Living Trust UTA dated 9/4/19, for which Andy Fang serves as trustee. The filing attributes the sales to this trust, with Fang as the reporting person.

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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*
Fang Andy
(Last)(First)(Middle)
C/O DOORDASH, INC.
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)
09/01/2026		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 Stock09/01/2026J(1)15,000A$015,000ISee footnote(2)
Class A Common Stock09/01/2026S(3)2,721D$225.754(4)12,279ISee footnote(2)
Class A Common Stock09/01/2026S(3)1,927D$226.746(5)10,352ISee footnote(2)
Class A Common Stock09/01/2026S(3)2,552D$227.919(6)7,800ISee footnote(2)
Class A Common Stock09/01/2026S(3)3,900D$228.818(7)3,900ISee footnote(2)
Class A Common Stock09/01/2026S(3)1,983D$230.035(8)1,917ISee footnote(2)
Class A Common Stock09/01/2026S(3)1,417D$230.823(9)500ISee footnote(2)
Class A Common Stock09/01/2026S(3)500D$232.231(10)0ISee footnote(2)
Class A Common Stock42,598(11)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(12)09/01/2026J(1)15,000 (12) (12)Class A Common Stock15,000$05,649,604ISee footnote(2)
Class B Common Stock(12) (12) (12)Class A Common Stock144,000144,000ISee footnote(13)
Class B Common Stock(12) (12) (12)Class A Common Stock50,28550,285D
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 by The AF Living Trust UTA dated 9/4/19 for which the Reporting Person serves as the trustee.
3. The sale reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 6, 2026.
4. This sale price represents the weighted average sale price of the shares sold ranging from $225.35 to $226.34 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 $226.35 to $227.09 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 $227.36 to $228.23 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 $228.42 to $229.24 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 $229.52 to $230.51 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 $230.52 to $231.36 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. This sale price represents the weighted average sale price of the shares sold ranging from $232.01 to $232.35 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. Certain of these securities are represented by Restricted Stock Units.
12. 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.
13. The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee.
/s/ Kimberly Hackman, by power of attorney09/03/2026
** 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