Fang Andy 4

What Happened

• Andy Fang, a DoorDash (DASH) director, executed open-market sales of 10,000 Class A shares on February 2, 2026, generating total proceeds of approximately $2,090,303. Individual sale tranches and proceeds included: 40 @ $204.04 ($8,162); 80 @ $205.06 ($16,405); 200 @ $207.10 ($41,420); 3,796 @ $207.97 ($789,443); 2,524 @ $208.93 ($527,342); 1,446 @ $209.99 ($303,647); 1,554 @ $210.88 ($327,706); and 360 @ $211.61 ($76,178). The Form 4 also shows two “other” (code J) entries recording a 10,000-share acquisition and a 10,000-share disposition at $0, which the filing footnotes identify as conversions/derivative actions tied to Class B → Class A shares and other holdings.

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (timely).
• Total open-market shares sold: 10,000; total proceeds ≈ $2,090,303.
• Sale execution: Reported as effected pursuant to a Rule 10b5-1 trading plan adopted March 6, 2025 (Footnote F3).
• Conversion/derivative entries: Footnotes state Class B shares convert 1:1 to Class A (F1, F11); some securities are RSUs (F10); certain shares are held in AF 2025 GRAT and AF Living Trust for which Fang is trustee (F12, F2).
• Sale price ranges (by tranche weighted averages) span roughly $206.43 to $211.83 per share (see footnotes F4–F9 for detailed ranges).
• Shares owned after the transactions are not specified in the excerpt provided.

Context

• These are sales (often viewed as routine), and the filing notes the trades were carried out under a pre-established 10b5-1 plan, which is commonly used to insulate scheduled trades from contemporaneous insider information. The Form also records conversions between share classes and derivative-related entries; such administrative actions do not by themselves indicate a change in sentiment.