DoorDash insider trims stake, secures 1,164 RSUs in June moves

Rhea-AI Filing Summary

DoorDash (NYSE:DASH) Form 4 shows Director Ashley Still sold 2,495 Class A shares on 06/23/2025 at $225 each (≈ $0.56 M) under a pre-arranged Rule 10b5-1 plan, trimming about 32 % of her pre-sale holdings. On 06/24/2025 she received 1,164 RSUs that vest within a year, lifting direct ownership to 2,729 shares. She also holds 3,849 shares indirectly via a family trust, bringing total beneficial ownership to 6,578 shares. No derivative transactions were reported.

The net effect is a ~17 % reduction in her overall stake.

Positive

• None.

Negative

• Director Ashley Still sold 2,495 shares (~32 % of prior holdings) for ≈ $0.56 M, reducing her net stake by ~17 %.

Insights

Portfolio Manager

Sizeable director sale offsets RSU grant; sentiment slightly negative.

The 2,495-share sale at $225 raises ≈ $561 k and cuts direct exposure by more than 60 %. Even after adding 1,164 RSUs, Still’s total interest falls ~17 %. While 10b5-1 plans mute information-timing concerns, a >30 % disposal of total holdings is often viewed as bearish. Combined stake now equals about $1.5 M at the sale price—still meaningful but smaller. Track follow-on filings to see whether this is a one-off diversification move or start of a broader exit.

Corporate Governance Expert

Pre-planned sale within governance norms; monitor pattern.

The November 2024 Rule 10b5-1 plan satisfies updated SEC safe-harbor rules, limiting misuse of non-public data. Still retains 6,578 shares—adequate alignment with shareholders—while the fresh RSU award vests within the standard one-year director cycle. No red flags surface, yet the >5 % reduction in beneficial ownership is significant enough to merit future scrutiny, particularly if additional disposals follow.

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^*

Still Ashley

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		S(1)		2,495	D	$225	1,565(2)	D
Class A Common Stock	06/24/2025		A		1,164(3)	A	$0	2,729(2)	D
Class A Common Stock								3,849	I	See footnote(4)

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

Explanation of Responses:

1. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan that was adopted on November 25, 2024.

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

3. Each share is represented by a restricted stock unit ("RSU"). The RSUs will vest on the earlier of (i) the one year anniversary of the grant date, or (ii) the day prior to the date of the Issuer's next annual meeting of shareholders, in each case subject to the Reporting Person continuing to be a service provider through the applicable vesting date.

4. The shares are held by The Still Family Trust U/A DTD 08/18/2008 for which the Reporting Person serves as co-trustee.

	/s/ Kimberly Hackman, by power of attorney	06/25/2025
	** 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.

FAQ

How many DoorDash [[**DASH**]] shares did director Ashley Still sell on June 23 2025?

She sold 2,495 Class A shares.

What was the sale price of Ashley Still’s DoorDash shares?

The shares were sold at $225 per share.

How many DoorDash shares does Ashley Still own after the transactions?

She now holds 2,729 direct and 3,849 indirect shares, totaling 6,578.

Were the DoorDash share sales executed under a Rule 10b5-1 plan?

Yes. The filing states the sales were made under a Rule 10b5-1 plan adopted on 11/25/2024.

What new RSUs did DoorDash grant Ashley Still on June 24 2025?

She received 1,164 RSUs that vest on the earlier of one year from grant or the next annual shareholder meeting.