DoorDash Director Alfred Lin's Massive 31M Share Control Reveals Sequoia Ties
Filing Impact
Filing Sentiment
Form Type
4
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.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lin Alfred
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,164 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 7,083 shares (Direct);
Class A Common Stock — 27,663,231 shares (Indirect, Sequoia Capital Fund, LP)
Footnotes (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. 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.
FAQ
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.
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.