DoorDash (DASH) director Alfred Lin reports 8.33M-share restructuring via Sequoia funds
Rhea-AI Filing Summary
DoorDash, Inc. director Alfred Lin reported entity-level restructuring transactions in Class A Common Stock tied to Sequoia-managed investment vehicles. On 2026-08-07, Sequoia Capital Fund, LP and Sequoia Capital Fund Parallel, LLC made pro rata in-kind distributions for no consideration to their partners, reducing their indirect holdings while leaving them with 20,540,976 and 2,512,407 shares, respectively. An estate planning vehicle associated with Lin indirectly acquired 301,867 shares, bringing its holdings to 877,117 shares. Additional indirect holdings are 514,047 shares through SC US/E Expansion Fund I Management, L.P., and Lin directly holds 3,150 shares. Footnotes state these distributions were non-cash and that Lin disclaims beneficial ownership of fund-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,725,787 shares
Net Sell
5 txns
Insider
Lin Alfred
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 7,030,715 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 996,939 | $0.00 | $0.00 |
| Other | Class A Common Stock F1 | 301,867 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 20,540,976 shares (Indirect, Sequoia Capital Fund, LP);
Class A Common Stock — 2,512,407 shares (Indirect, Sequoia Capital Fund Parallel, LLC);
Class A Common Stock — 877,117 shares (Indirect, By estate planning vehicle);
Class A Common Stock — 514,047 shares (Indirect, SC US/E Expansion Fund I Management, L.P.);
Class A Common Stock — 3,150 shares (Direct)
Footnotes (2)
- F1. Represents a pro rata in-kind distribution of shares of Common Stock of the Issuer to partners or members for no consideration and includes subsequent pro rata in-kind distributions by general partners or managing members to their respective partners or members for no consideration.
- F2. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC US/E Expansion Fund I Management, L.P. ("EXPI Management") and (ii) 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 EXPI Management, SCF and SCFP. The Reporting Person disclaims beneficial ownership of the shares held by EXPI Management, 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.
Key Figures
Restructuring shares: 8,329,521 shares
SCF holdings after transaction: 20,540,976 shares
SCFP holdings after transaction: 2,512,407 shares
+3 more
6 metrics
Restructuring shares
8,329,521 shares
Total Class A shares involved in code J restructuring transactions on 2026-08-07
SCF holdings after transaction
20,540,976 shares
Class A shares held indirectly via Sequoia Capital Fund, LP after distribution
SCFP holdings after transaction
2,512,407 shares
Class A shares held indirectly via Sequoia Capital Fund Parallel, LLC after distribution
Estate planning vehicle holdings
877,117 shares
Class A shares indirectly held by estate planning vehicle after acquiring 301,867 shares
SC US/E Expansion Mgmt holdings
514,047 shares
Indirect Class A holdings via SC US/E Expansion Fund I Management, L.P.
Direct holdings
3,150 shares
Class A Common Stock held directly by Alfred Lin
Key Terms
pro rata in-kind distribution, estate planning vehicle, pecuniary interest, disclaims beneficial ownership
4 terms
pro rata in-kind distribution financial
"Represents a pro rata in-kind distribution of shares of Common Stock"
estate planning vehicle financial
"nature_of_ownership: By estate planning vehicle"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest"
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares held"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did DoorDash (DASH) director Alfred Lin report on 2026-08-07?
Alfred Lin reported restructuring transactions in DoorDash Class A Common Stock, including pro rata in-kind distributions from Sequoia Capital funds and an acquisition of 301,867 shares by an estate planning vehicle, all recorded as non-cash movements.
What is the role of the pro rata in-kind distribution in the DASH Form 4?
The Form 4 describes a pro rata in-kind distribution where Sequoia entities distributed DoorDash shares to their partners or members for no consideration, followed by similar distributions by general partners or managing members, reflecting internal reallocations rather than open-market trades.