Insider Sale: DoorDash Officer Disposes of 5,288 Shares at ~$244–$247
Rhea-AI Filing Summary
DoorDash insider sales by Chief Business Officer
Keith Yandell, DoorDash Chief Business Officer, reported four separate sales of Class A common stock on 08/25/2025 effected under a Rule 10b5-1 trading plan. The filings disclose aggregate disposals of 5,288 shares across four transactions with weighted average sale prices reported in ranges from $243.38 to $247.39 per share. The Form 4 shows the reporter held 98,554, 96,966, 94,701 and 93,466 shares following each respective sale line, and the form was signed by power of attorney on 08/27/2025.
Positive
- Transactions executed under a Rule 10b5-1 plan, which typically reduces concerns about opportunistic timing.
- Filing discloses weighted-average price ranges and notes restricted stock units, providing clarity on the nature of shares sold.
Negative
- Insider sold 5,288 Class A shares on 08/25/2025, reducing reported beneficial ownership to 93,466 shares in the final line.
- Sales include shares represented by restricted stock units, which may indicate vesting-driven disposals rather than cash purchases of newly issued shares.
Insights
TL;DR: Officer sold 5,288 DASH shares under a pre-established 10b5-1 plan; transaction size is modest relative to typical insider holdings.
The Form 4 documents routine insider sales executed under a Rule 10b5-1 plan adopted September 6, 2024. The reported sales total 5,288 Class A shares across four transactions on 08/25/2025, with weighted-average price ranges between $243.38 and $247.39. Such preplanned disposals generally reduce signaling risk compared with ad hoc sales, and the incremental reduction in reported beneficial ownership (from 98,554 to 93,466 across the entries) appears limited in absolute share counts disclosed on the form.
TL;DR: Sales were executed under a documented 10b5-1 plan, aligning with standard insider-program governance practices.
The filing explicitly states the trades were made pursuant to a 10b5-1 trading plan adopted on September 6, 2024, which provides an affirmative defense under Rule 10b5-1(c). The explanation sections supply weighted-average price ranges and note some shares were represented by restricted stock units. The presence of a power-of-attorney signature is disclosed on the Form 4, which is a routine administrative detail for insider reporting.