Fang Andy 4

What Happened

• Andy Fang, a director of DoorDash, reported multiple transactions dated July 1, 2026. He sold a total of 4,999 shares in open-market trades at weighted average prices, generating aggregate proceeds of about $925,096. The sales broke down as: 627 shares ($115,006), 544 shares ($100,439), 3,729 shares ($690,730), and 100 shares ($18,921).
• The filing also shows two “other acquisition/disposition (J)” entries for 5,000 shares each at $0.00 (one listed as an acquisition and one as a disposition / derivative). Footnotes indicate Class B common stock is convertible 1:1 into Class A shares and some securities are represented by RSUs, so these zero-dollar entries reflect internal conversions/derivative settlements rather than cash purchases/sales.

Key Details

• Transaction date: July 1, 2026; filing date: July 6, 2026 (filed 5 days after the trades).
• Sale proceeds (open-market): approximately $925,096 total. Reported weighted-average price ranges: $182.98–$183.96, $184.08–$185.07, and $185.09–$185.69 (per footnotes); one block sold at $189.21.
• Sales were effected under a Rule 10b5-1 trading plan adopted March 6, 2026 (footnote F3).
• Shares are held in trusts for which Fang serves as trustee (The AF Living Trust UTA dated 9/4/19 and AF 2025 GRAT) and some holdings are RSU‑represented (F2, F7, F9).
• Shares owned after the transaction are not listed in the information you provided.
• Timing note: Form 4 is generally due within two business days of the transaction; this was filed five days after the trade date and thus appears later than typical filing timing.

Context

• These were sales executed under a pre-established 10b5-1 plan, which is a common way for insiders to sell shares without active trading decisions at the time of sale. That typically indicates routine disposition rather than a spontaneous market signal.
• The zero-dollar “J” entries reflect conversions/derivative actions (e.g., Class B → Class A conversion or RSU settlement) rather than cash purchases; such internal corporate mechanics don’t directly signal buying interest.