DASH Form 4: CFO Sells Shares Under 10b5-1 Plan, Exercises Options

Rhea-AI Filing Summary

DoorDash CFO Inukonda Ravi reported multiple securities transactions on 08/26/2025. The filing shows the acquisition of 800 shares via option exercise at an exercise price of $7.66 and several open-market sales executed under a Rule 10b5-1 trading plan adopted August 16, 2024. The reported sales were 3,325; 4,107; 2,421; 3,724; and 314 shares at weighted average prices ranging across $245.23–$249.52 per share, and the Form 4 reports 215,397 shares owned directly after the transactions and 113,882 shares held indirectly in The RK Trust U/A DTD 03/11/2024, for which the reporting person and spouse are co-trustees. The filing also discloses 15,400 derivative securities (stock options) owned directly, with the newly acquired 800 options fully vested and exercisable.

Positive

• Sales were executed under a Rule 10b5-1 plan, which establishes pre-arranged trading and reduces appearance of opportunistic insider timing
• Detailed footnotes provide weighted-average price ranges and identify trust holdings, improving transparency
• Option shares acquired are fully vested and exercisable, and derivative holdings are disclosed (15,400)

Negative

• Insider sold multiple tranches at prices between $245.23 and $249.52, reducing direct shareholdings
• Form shows significant reliance on a trust for indirect holdings, which may complicate immediate voting/ownership clarity

Insights

Securities Analyst

TL;DR: Routine insider sales under a 10b5-1 plan with a small option exercise; overall disclosure is standard and non-material on its face.

The Form 4 details a series of open-market sales executed pursuant to a pre-established Rule 10b5-1 plan and the acquisition/exercise of 800 option-related shares at $7.66. The filing provides precise weighted-average price ranges for the sale tranches and discloses both direct and indirect holdings, including shares held in a trust. For investors assessing insider activity, the key points are the existence of a 10b5-1 plan, the disclosed post-transaction direct ownership of 215,397 shares, and indirect holdings of 113,882 shares. The entry shows no unusual accelerations or extraordinary transactions beyond routine sales and a small vested option exercise.

Corporate Governance Expert

TL;DR: Governance disclosure is complete and includes footnotes clarifying pricing ranges and trust ownership; filings appear compliant.

The Form 4 includes required footnote detail: that several sales reflect weighted-average prices across specified ranges, that sales were effected under a 10b5-1 plan adopted August 16, 2024, and that certain shares are held by a named trust for which the reporting person is co-trustee. The option-related disclosure states the 800 shares are fully vested and exercisable. The signature via power of attorney is noted. From a governance disclosure perspective, the form supplies the customary explanations and ownership breakdowns expected in Section 16 filings.

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^*

Inukonda Ravi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		M		800	A	$7.66	229,288(1)	D
Class A Common Stock	08/26/2025		S(2)		3,325	D	$245.777(3)	225,963(1)	D
Class A Common Stock	08/26/2025		S(2)		4,107	D	$246.655(4)	221,856(1)	D
Class A Common Stock	08/26/2025		S(2)		2,421	D	$247.608(5)	219,435(1)	D
Class A Common Stock	08/26/2025		S(2)		3,724	D	$248.709(6)	215,711(1)	D
Class A Common Stock	08/26/2025		S(2)		314	D	$249.447(7)	215,397(1)	D
Class A Common Stock								113,882	I	See footnote(8)

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
Stock Option (right to buy)	$7.66	08/26/2025		M			800	(9)	12/17/2028	Class A Common Stock	800	$0	15,400	D

Explanation of Responses:

1. Certain of these securities are represented by restricted stock units.

2. The sale reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan adopted on August 16, 2024.

3. This sale price represents the weighted average sale price of the shares sold ranging from $245.23 to $246.22 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.

4. This sale price represents the weighted average sale price of the shares sold ranging from $246.26 to $247.25 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 $247.27 to $248.26 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 $248.27 to $249.06 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 $249.40 to $249.52 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.

8. The shares are held by The RK Trust U/A DTD 03/11/2024 for which the Reporting Person and his spouse serve as co-trustees.

9. The shares underlying the option are fully vested and immediately exercisable.

	/s/ Kimberly Hackman, by power of attorney	08/28/2025
	** 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.
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FAQ

What transactions did DoorDash (DASH) CFO Inukonda Ravi report on 08/26/2025?

The reporting person acquired 800 shares/options at an exercise price of $7.66 and sold multiple tranches of Class A common stock (3,325; 4,107; 2,421; 3,724; 314) under a Rule 10b5-1 plan.

Were the sales by the DoorDash CFO part of a pre-arranged plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on August 16, 2024.

How many shares does the reporting person own after these transactions?

The Form 4 reports 215,397 shares owned directly following the reported transactions and 113,882 shares held indirectly in The RK Trust U/A DTD 03/11/2024.

Are there any vested options disclosed in the Form 4?

Yes. The filing discloses 15,400 derivative securities (stock options) owned directly, and specifies that the 800 option-related shares reported are fully vested and immediately exercisable.

What price ranges were reported for the shares sold by the CFO?

Footnotes report weighted-average sale price ranges across tranches: $245.23–$246.22, $246.26–$247.25, $247.27–$248.26, $248.27–$249.06, and $249.40–$249.52.