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  4. [Form 4] DoorDash, Inc. Insider Trading Activity

DASH insider: 45,410 Class B converted; multiple sales reported

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

Rhea-AI Filing Summary

DoorDash, Inc. (DASH) disclosed insider activity by a director on 11/03/2025. The reporting person converted 45,410 shares of Class B common stock into Class A on a 1:1 basis at $0 cost, then executed multiple open‑market sales the same day. The transactions were made under a Rule 10b5-1 trading plan adopted on 11/26/2024.

Sales were reported in tranches via The ST Trust (indirect ownership) at weighted‑average prices ranging from $241.735 to $256.189 per share, reducing the indirect Class A holdings from the conversion to 0. Following these transactions, the filing lists 24,807 Class A shares held directly; a footnote notes certain of these securities are represented by restricted stock units.

Positive

  • None.

Negative

  • None.
Insider Tang Stanley
Role Director
Sold 45,410 shs ($11.10M)
Type Security Shares Price Value
Other Class B Common Stock 45,410 $0.00 --
Other Class A Common Stock 45,410 $0.00 --
Sale Class A Common Stock 11,576 $241.735 $2.80M
Sale Class A Common Stock 7,222 $242.558 $1.75M
Sale Class A Common Stock 7,773 $243.532 $1.89M
Sale Class A Common Stock 5,365 $244.579 $1.31M
Sale Class A Common Stock 3,855 $245.533 $947K
Sale Class A Common Stock 4,313 $246.436 $1.06M
Sale Class A Common Stock 400 $247.52 $99K
Sale Class A Common Stock 840 $248.674 $209K
Sale Class A Common Stock 1,305 $249.603 $326K
Sale Class A Common Stock 401 $250.556 $100K
Sale Class A Common Stock 360 $251.551 $91K
Sale Class A Common Stock 520 $252.949 $132K
Sale Class A Common Stock 600 $253.662 $152K
Sale Class A Common Stock 600 $254.906 $153K
Sale Class A Common Stock 280 $256.189 $72K
holding Class B Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 3,763,401 shares (Indirect, See footnote); Class A Common Stock — 45,410 shares (Indirect, See footnote); Class B Common Stock — 7,828 shares (Direct); Class A Common Stock — 24,807 shares (Direct)
Footnotes (1)
  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. The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 26, 2024. This sale price represents the weighted average sale price of the shares sold ranging from $241.02 to $242.01 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. This sale price represents the weighted average sale price of the shares sold ranging from $242.02 to $243.01 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. This sale price represents the weighted average sale price of the shares sold ranging from $243.02 to $244.01 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. This sale price represents the weighted average sale price of the shares sold ranging from $244.02 to $245.00 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. This sale price represents the weighted average sale price of the shares sold ranging from $245.02 to $246.01 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. This sale price represents the weighted average sale price of the shares sold ranging from $246.02 to $246.98 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. This sale price represents the weighted average sale price of the shares sold ranging from $247.03 to $248.00 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. This sale price represents the weighted average sale price of the shares sold ranging from $248.11 to $249.09 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. This sale price represents the weighted average sale price of the shares sold ranging from $249.11 to $250.03 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. This sale price represents the weighted average sale price of the shares sold ranging from $250.12 to $251.10 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. This sale price represents the weighted average sale price of the shares sold ranging from $251.12 to $251.79 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. This sale price represents the weighted average sale price of the shares sold ranging from $252.53 to $253.19 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. This sale price represents the weighted average sale price of the shares sold ranging from $253.55 to $253.89 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. This sale price represents the weighted average sale price of the shares sold ranging from $254.62 to $255.05 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. This sale price represents the weighted average sale price of the shares sold ranging from $256.05 to $257.02 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. Certain of these securities are represented by Restricted Stock Units. 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.
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Form 4 Insider Transactions: What Each Field Means →
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
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*
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)
11/03/2025
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 11/03/2025 J(1) 45,410 A $0 45,410 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 11,576 D $241.735(4) 33,834 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 7,222 D $242.558(5) 26,612 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 7,773 D $243.532(6) 18,839 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 5,365 D $244.579(7) 13,474 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 3,855 D $245.533(8) 9,619 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 4,313 D $246.436(9) 5,306 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 400 D $247.52(10) 4,906 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 840 D $248.674(11) 4,066 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 1,305 D $249.603(12) 2,761 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 401 D $250.556(13) 2,360 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 360 D $251.551(14) 2,000 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 520 D $252.949(15) 1,480 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 600 D $253.662(16) 880 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 600 D $254.906(17) 280 I See footnote(2)
Class A Common Stock 11/03/2025 S(3) 280 D $256.189(18) 0 I See footnote(2)
Class A Common Stock 24,807(19) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (20) 11/03/2025 J(1) 45,410 (20) (20) Class A Common Stock 45,410 $0 3,763,401 I See footnote(2)
Class B Common Stock (20) (20) (20) Class A Common Stock 7,828 7,828 D
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 directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
3. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 26, 2024.
4. This sale price represents the weighted average sale price of the shares sold ranging from $241.02 to $242.01 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 $242.02 to $243.01 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 $243.02 to $244.01 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 $244.02 to $245.00 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 $245.02 to $246.01 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 $246.02 to $246.98 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 $247.03 to $248.00 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 $248.11 to $249.09 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.
12. This sale price represents the weighted average sale price of the shares sold ranging from $249.11 to $250.03 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 $250.12 to $251.10 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 $251.12 to $251.79 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 $252.53 to $253.19 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. This sale price represents the weighted average sale price of the shares sold ranging from $253.55 to $253.89 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.
17. This sale price represents the weighted average sale price of the shares sold ranging from $254.62 to $255.05 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.
18. This sale price represents the weighted average sale price of the shares sold ranging from $256.05 to $257.02 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.
19. Certain of these securities are represented by Restricted Stock Units.
20. 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/ Christina Whittaker, by power of attorney 11/05/2025
** 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).
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did DoorDash (DASH) disclose in this Form 4?

A director converted 45,410 Class B shares to Class A at $0 and sold shares in multiple trades on 11/03/2025 under a Rule 10b5-1 plan.

What was the conversion ratio from Class B to Class A for DASH?

Each Class B share converted into one Class A share; the filing states a 1:1 ratio and no expiration.

Were the DASH insider sales under a 10b5-1 plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 11/26/2024.

At what prices were the DASH shares sold?

Weighted‑average sale prices ranged from $241.735 to $256.189 per share across multiple tranches on 11/03/2025.

How many DASH shares does the reporting person hold after the trades?

The filing shows 0 Class A shares held indirectly by the trust after the sales and lists 24,807 Class A shares held directly.

Who held the indirectly owned DASH shares?

The indirectly held shares were in The ST Trust, for which the reporting person serves as trustee.

Do the reported DASH holdings include RSUs?

A footnote states that certain of the listed securities are represented by restricted stock units.