DoorDash (NYSE: DASH) director Tang sells $3.5M in stock under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoorDash director Stanley Tang reported selling Class A Common Stock in a mix of direct and trust-related transactions. On April 2, 2026, he sold 1,692 directly held Class A shares at $150.00 per share and 21,433 Class A shares held by The ST Trust at the same price, under a pre-arranged Rule 10b5-1 trading plan.
The filing also records related conversions where Class B Common Stock was converted into Class A shares on a 1:1 basis before being sold. After these transactions, Tang holds 19,279 Class A shares directly and continues to have substantial exposure through Class B shares, including 7,828 Class B shares directly convertible into Class A stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,125 shares ($3,468,750)
Net Sell
5 txns
Insider
Tang Stanley
Role
Director
Sold
23,125 shs ($3.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 21,433 | $0.00 | -- |
| Sale | Class A Common Stock | 1,692 | $150.00 | $254K |
| Other | Class A Common Stock | 21,433 | $0.00 | -- |
| Sale | Class A Common Stock | 21,433 | $150.00 | $3.21M |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,569,289 shares (Indirect, See footnote);
Class A Common Stock — 19,279 shares (Direct);
Class A Common Stock — 21,433 shares (Indirect, See footnote);
Class B Common Stock — 7,828 shares (Direct)
Footnotes (1)
- The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025. Certain of these securities are represented by Restricted Stock Units. 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. 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.
Key Figures
Total shares sold: 23,125 shares
Direct Class A shares sold: 1,692 shares at $150.00
Trust-held Class A shares sold: 21,433 shares at $150.00
+4 more
7 metrics
Total shares sold
23,125 shares
Net shares sold on April 2, 2026
Direct Class A shares sold
1,692 shares at $150.00
Open-market sale, direct holding
Trust-held Class A shares sold
21,433 shares at $150.00
Open-market sale by The ST Trust
Direct Class A holdings after
19,279 shares
Shares owned directly post-transaction
Indirect Class B holdings after J
3,569,289 shares
Class B Common Stock via trust after restructuring
Convertible Class B (direct)
7,828 shares
Direct Class B shares convertible 1:1 into Class A
Net buy/sell direction
23,125 net shares sold
transactionSummary netBuySellShares
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported by the Reporting Person were 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.
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.
Class B Common Stock financial
"Shares of Class B Common Stock were converted at a 1:1 ratio..."
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.
Class A Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
The ST Trust financial
"The shares are held directly by The ST Trust under agreement dated October 2, 2019..."
FAQ
What insider transactions did DoorDash (DASH) director Stanley Tang report?
Stanley Tang reported open-market sales of Class A Common Stock totaling 23,125 shares on April 2, 2026. These included directly held shares and shares held by The ST Trust, with related conversions from Class B to Class A stock before some sales.
What role did The ST Trust play in the DoorDash (DASH) transactions?
Part of the reported activity involved shares held by The ST Trust, for which Tang serves as trustee. The trust sold 21,433 Class A shares after converting Class B stock at a 1:1 ratio, reflecting transactions by the trust associated with Tang.