DASH insider Form 4 shows stock sales and Class B conversion
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 230,540 | $0.00 | -- |
| Sale | Class A Common Stock | 5,409 | $189.85 | $1.03M |
| Sale | Class A Common Stock | 2 | $191.25 | $382.50 |
| Sale | Class A Common Stock | 282,999 | $196.16 | $55.51M |
| Other | Class A Common Stock | 230,540 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Shares sold to cover tax obligations in connection with the settlement of vested Performance Share Units. 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. The shares are held by The Article 4 Trust under TXX Family Trust for which the Reporting Person serves as a trustee. 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. The shares are held by The Article 2 Trust under TXX Annuity Trust #3 for which the Reporting Person serves as a trustee. The shares are held by The Article 3 Trust under OBX Family Trust for which the Reporting Person serves as a trustee. The shares are held by The Article 3 Trust under TBX Family Trust for which the Reporting Person serves as a trustee. 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. 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. The shares are held by The Article 4 Trust under Library Trust for which the Reporting Person's spouse serves as a trustee.
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 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.
