DoorDash Director Alfred Lin's Massive 31M Share Control Reveals Sequoia Ties

Rhea-AI Filing Summary

DoorDash (DASH) director Alfred Lin reported multiple securities transactions in a Form 4 filing dated June 28, 2025. The key transactions and holdings include:

• Acquisition of 1,164 restricted stock units (RSUs) on June 24, 2025, at $0 cost
• Direct ownership of 7,083 Class A Common Stock shares following the transaction
• Indirect ownership through affiliated entities: - 27.66 million shares via Sequoia Capital Fund - 3.54 million shares via Sequoia Capital Fund Parallel - 556,536 shares through estate planning vehicle

The newly acquired RSUs will vest on either the one-year grant anniversary or the day before the next annual shareholder meeting, whichever comes first. Lin serves as a director and stockholder of SC US (TTGP), Ltd., which has controlling interests in the Sequoia Capital entities holding significant DASH shares.

Positive

• Director Alfred Lin received 1,164 RSUs as standard board compensation, while maintaining substantial indirect ownership of over 31 million shares through Sequoia Capital entities, demonstrating strong long-term alignment with shareholders

Negative

• None.

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^*

Lin Alfred

(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)
06/24/2025

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	06/24/2025		A		1,164(1)	A	$0	7,083	D
Class A Common Stock								27,663,231	I	Sequoia Capital Fund, LP(2)
Class A Common Stock								3,535,142	I	Sequoia Capital Fund Parallel, LLC(2)
Class A Common Stock								556,536	I	By estate planning vehicle

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. 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.

2. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of Sequoia Capital Fund, LP ("SCF") and the managing member of Sequoia Capital Fund Parallel, LLC ("SCFP"). As a result, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares held by SCF and SCFP. The Reporting Person disclaims beneficial ownership of the shares held by SCF and SCFP except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

	/s/ Jung Yeon Son, 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.
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FAQ

How many DoorDash (DASH) shares did Director Alfred Lin acquire on June 24, 2025?

Director Alfred Lin acquired 1,164 restricted stock units (RSUs) of DASH Class A Common Stock on June 24, 2025. These RSUs were granted at a price of $0.

When will Alfred Lin's newly acquired DASH RSUs vest?

The RSUs will vest on either (i) the one-year anniversary of the grant date, or (ii) the day before DoorDash's next annual shareholder meeting, whichever comes first. This is subject to Lin continuing to be a service provider through the vesting date.

How many DASH shares does Alfred Lin indirectly control through Sequoia Capital?

Alfred Lin indirectly controls 31,198,373 DASH shares through Sequoia Capital entities, with 27,663,231 shares through Sequoia Capital Fund, LP and 3,535,142 shares through Sequoia Capital Fund Parallel, LLC.

What is Alfred Lin's total DASH stock ownership position after the June 24, 2025 transaction?

After the transaction, Alfred Lin's total beneficial ownership of DASH stock includes 7,083 shares held directly, 31,198,373 shares controlled through Sequoia Capital entities, and 556,536 shares held through an estate planning vehicle, totaling approximately 31,761,992 shares.