DoorDash Director Andy Fang Sells 15,000 Shares

What Happened
Andy Fang, a director of DoorDash (DASH), sold 15,000 shares of Class A common stock on August 6, 2026 at $215.00 per share, for total proceeds of $3,225,000. The filing also reports a 1:1 conversion of 15,000 Class B shares into Class A shares (acquisition at $0.00) and a separate derivative disposition of 15,000 shares (reported as “other”/J code). The sale was executed pursuant to a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: Aug 6, 2026 — sale of 15,000 shares at $215.00 ($3,225,000).
• Conversion: 15,000 Class B shares converted 1:1 to Class A shares (footnotes F1, F5).
• Derivative entry: a J-coded disposition of 15,000 shares reported (related to RSUs per F4).
• 10b5-1 plan: the sale was effected under a trading plan adopted March 6, 2026 (F3).
• Holdings/trusts: some shares are held in The AF Living Trust (dated 9/4/19) and AF 2025 GRAT, for which Fang serves as trustee (F2, F6).
• Filing date: Form 4 was filed Aug 10, 2026 reporting the Aug 6 transactions. Shares owned after the transactions are not specified in the excerpt provided.

Context

• Conversion note: Each Class B share is convertible into one Class A share at the holder’s option (1:1), which explains the $0.00 acquisition entries.
• Derivatives/RSUs: The J code and footnote indicate some securities involved are restricted stock units (RSUs) or other derivative securities that were converted or settled; those underlying shares can then be sold.
• 10b5-1 plans: Sales under a 10b5-1 plan are pre-planned and are generally viewed as routine — they do not necessarily indicate the insider’s current view of the company’s prospects.