[Form 4] DoorDash, Inc. Insider Trading Activity

Rhea-AI Filing Summary

DoorDash, Inc. (DASH) Chief Executive Officer and 10% owner reported several November 20, 2025 transactions in Class A and Class B common stock. The reporting person sold 5,409, 2, and 282,999 shares of Class A Common Stock at prices of $189.85, $191.25, and $196.16, respectively, with a footnote stating that shares were sold to cover tax obligations related to vested Performance Share Units.

The report also shows that 230,540 shares of Class A Common Stock were transferred at a price of $0 in a transaction coded "J," corresponding to a 1:1 exchange of Class A for Class B Common Stock at the reporting person’s election. Following these transactions, the person directly holds 1,500 shares of Class A Common Stock and 3,616,623 derivative securities linked to Class B Common Stock, plus additional indirect holdings through multiple family and annuity trusts, each convertible into Class A Common Stock on a one-for-one basis with no expiration date.

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
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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).

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^*

Xu Tony

(Last) (First) (Middle)

C/O DOORDASH, INC.

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		S(1)		5,409	D	$189.85	515,041	D
Class A Common Stock	11/20/2025		S(1)		2	D	$191.25	515,039	D
Class A Common Stock	11/20/2025		S(1)		282,999	D	$196.16	232,040	D
Class A Common Stock	11/20/2025		J(2)		230,540	D	$0	1,500	D
Class A Common Stock								83	I	See footnote(3)

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	(4)	11/20/2025		J(2)		230,540		(4)	(4)	Class A Common Stock	230,540	$0	3,616,623	D
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	1,643,690		1,643,690	I	See footnote(5)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	305,425		305,425	I	See footnote(6)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	305,425		305,425	I	See footnote(7)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	1,744,157		1,744,157	I	See footnote(8)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	2,113,302		2,113,302	I	See footnote(9)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	288,650		288,650	I	See footnote(10)

Explanation of Responses:

1. Shares sold to cover tax obligations in connection with the settlement of vested Performance Share Units.

2. Shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock at the election of the Reporting Person.

3. The shares are held by The Article 4 Trust under TXX Family Trust for which the Reporting Person serves as a trustee.

4. 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.

5. The shares are held by The Article 2 Trust under TXX Annuity Trust #3 for which the Reporting Person serves as a trustee.

6. The shares are held by The Article 3 Trust under OBX Family Trust for which the Reporting Person serves as a trustee.

7. The shares are held by The Article 3 Trust under TBX Family Trust for which the Reporting Person serves as a trustee.

8. The shares are held by The Article 3 Trust under TXX Annuity Trust #1 for which the Reporting Person's spouse serves as a trustee.

9. The shares are held by The Article 3 Trust under TXX Annuity Trust #2 for which the Reporting Person's spouse serves as a trustee.

10. The shares are held by The Article 4 Trust under Library Trust for which the Reporting Person's spouse serves as a trustee.

	/s/ Kimberly Hackman, by power of attorney	11/24/2025
	** 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 insider transaction did DoorDash (DASH) report on November 20, 2025?

The Chief Executive Officer of DoorDash (DASH), who is also a 10% owner and director, reported multiple transactions dated 11/20/2025 involving sales of Class A Common Stock and an exchange between Class A and Class B Common Stock.

How many DoorDash (DASH) shares did the CEO sell in this Form 4?

The CEO sold 5,409, 2, and 282,999 shares of Class A Common Stock at prices of $189.85, $191.25, and $196.16, respectively, as reported in Table I.

Why were some of the DoorDash (DASH) shares sold by the reporting person?

According to a footnote, certain shares of Class A Common Stock were sold to cover tax obligations in connection with the settlement of vested Performance Share Units.

What is the reported exchange between DoorDash Class A and Class B shares?

The filing notes that 230,540 shares were involved in a transaction coded "J," where shares of Class A Common Stock were exchanged at a 1:1 ratio for Class B Common Stock at the reporting person’s election.

What DoorDash (DASH) shareholdings does the CEO report after these transactions?

After the reported transactions, the CEO directly holds 1,500 shares of Class A Common Stock and 3,616,623 derivative securities linked to Class B Common Stock, along with additional indirect holdings through various family and annuity trusts.

How are DoorDash Class B Common Stock holdings treated in this Form 4?

The explanation states that 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.

What indirect DoorDash (DASH) holdings are disclosed for the CEO and spouse?

Several blocks of shares are held by Article 2, 3, and 4 Trusts under various family and annuity trusts for which the CEO or the CEO’s spouse serves as trustee, as detailed in the explanatory footnotes.