Trust for DoorDash (DASH) director Tang sells 45,410 shares via plan
Rhea-AI Filing Summary
A trust associated with DoorDash director Stanley Tang, The ST Trust for which he serves as trustee, converted 45,410 shares of Class B Common Stock into 45,410 shares of Class A Common Stock on February 2, 2026.
The trust then sold those 45,410 Class A shares in multiple trades pursuant to a Rule 10b5-1 trading plan adopted on November 26, 2024, at weighted average prices ranging from $203.57 to $211.86 per share. After these transactions, Tang continues to beneficially own 3,612,171 shares of Class B Common Stock indirectly through the trust and directly holds 7,828 Class B and 23,554 Class A shares.
Positive
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FAQ
What insider transaction did DoorDash (DASH) report for Stanley Tang?
The filing reports that a trust for DoorDash director Stanley Tang converted 45,410 Class B shares into 45,410 Class A shares, then sold all of those Class A shares in multiple trades under a pre-established Rule 10b5-1 trading plan.
At what prices were the DoorDash (DASH) shares sold in this Form 4?
The 45,410 DoorDash Class A shares were sold in several trades at weighted average prices ranging from $203.57 to $211.86 per share, with detailed price ranges for each trade block disclosed in the footnotes.
Was the DoorDash (DASH) insider sale part of a Rule 10b5-1 plan?
Yes. The sales of 45,410 Class A shares were effected under a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024, indicating the trades were pre-arranged rather than opportunistic.
Who actually holds the DoorDash (DASH) shares involved in this Form 4?
The converted and sold shares were held by The ST Trust under an agreement dated October 2, 2019. Stanley Tang serves as trustee of this trust, so the transactions are reported as indirect beneficial ownership.
How many DoorDash (DASH) shares does Stanley Tang still beneficially own after these trades?
After the reported transactions, Stanley Tang indirectly beneficially owns 3,612,171 shares of Class B Common Stock through the trust and directly holds an additional 7,828 Class B shares and 23,554 Class A shares.
What is the conversion ratio between DoorDash (DASH) Class B and Class A shares?
Each share of DoorDash Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder, and the Class B shares involved in this filing were converted on a 1:1 basis.