Fang Andy 4
4 · DoorDash, Inc. · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
DoorDash (DASH) Director Andy Fang Sells 5,000 Shares
What Happened
Andy Fang, a DoorDash director, sold 5,000 shares of Class A common stock in an open‑market transaction on June 24, 2026 at $180.00 per share, generating proceeds of $900,000. The same filing also reports a 1:1 conversion of 5,000 Class B shares into Class A shares (reported as an acquisition at $0) and a related disposition of 5,000 derivative/RSU‑linked shares (reported at $0).
Key Details
- Transaction date: 2026-06-24 (Form 4 filed 2026-06-26).
- Sale: 5,000 shares sold @ $180.00 = $900,000 (code S — open market sale).
- Conversions/derivative entries: two J‑coded entries for 5,000 shares acquired (conversion of Class B to Class A at 1:1) and 5,000 shares disposed (derivative/RSU related) reported at $0.
- 10b5‑1 plan: the sale was effected pursuant to a Rule 10b5‑1 trading plan adopted March 6, 2026 (footnote F3).
- Holdings/vehicles: some shares held in The AF Living Trust UTA dated 9/4/19 and AF 2025 GRAT, for which Fang is trustee (footnotes F2, F6). Some securities are represented by Restricted Stock Units (F4).
- Shares owned after the reported transactions: not specified in the Form 4 filing.
- Timeliness: filing appears timely (trade 6/24; filed 6/26).
Context
Sales executed under a prearranged 10b5‑1 plan are typically scheduled in advance and do not necessarily reflect a director’s short‑term view of the company. Conversions of Class B to Class A stock and RSU/derivative items are reporting mechanics that can accompany transfers or settlements and are not the same as open‑market purchases.
Insider Transaction Report
- Other
Class A Common Stock
[F1][F2]2026-06-24+5,000→ 5,000 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F2]2026-06-24$180.00/sh−5,000$900,000→ 0 total(indirect: See footnote) - Other
Class B Common Stock
[F5][F1][F2]2026-06-24−5,000→ 5,704,604 total(indirect: See footnote)→ Class A Common Stock (5,000 underlying)
- 44,189
Class A Common Stock
[F4] - 50,285
Class B Common Stock
[F5]→ Class A Common Stock (50,285 underlying) - 144,000(indirect: See footnote)
Class B Common Stock
[F5][F6]→ Class A Common Stock (144,000 underlying)
Footnotes (6)
- [F1]Shares of Class B Common Stock were converted at a 1:1 ratio for a share of Class A Common Stock at the election of the Reporting Person.
- [F2]The shares are held by The AF Living Trust UTA dated 9/4/19 for which the Reporting Person serves as the trustee.
- [F3]The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 6, 2026.
- [F4]Certain of these securities are represented by Restricted Stock Units.
- [F5]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- [F6]The shares are held by AF 2025 GRAT for which the Reporting Person serves as trustee.