Tang Stanley 4

What Happened

• Stanley Tang, a DoorDash director (and trustee of The ST Trust), reported converting 45,410 Class B shares into Class A shares (1:1) and selling the same 45,410 shares in open-market transactions on February 2, 2026. The sales generated approximately $9,491,257 in total proceeds. Individual blocks were sold at weighted-average prices in the roughly $203.6–$211.9 per-share range.

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (appears timely).
• Sales: 560 @ $204.05; 1,000 @ $207.17; 16,766 @ $207.97; 11,800 @ $208.89; 6,919 @ $209.99; 6,514 @ $210.85; 1,851 @ $211.57 — total proceeds ≈ $9.49M.
• Conversion: 45,410 Class B → 45,410 Class A reported as non-cash (footnotes indicate 1:1 conversion and a corresponding derivative entry).
• Plan/holdings notes: Sales were effected pursuant to a Rule 10b5-1 trading plan (adopted Nov 26, 2024). Some securities reported are Restricted Stock Units (RSUs). Shares are held (directly) by The ST Trust for which Tang serves as trustee.
• Shares owned after the transactions: not specified in the information provided in this summary.
• Weighted-average sale price ranges for blocks are reported in footnotes; detailed per-price breakdowns are available upon request to the SEC/issuer.

Context

• These actions are routine insider sales executed under a pre-established 10b5-1 plan and included a conversion of Class B shares to Class A (a non-cash corporate share conversion). For retail investors, such planned sales are generally considered routine liquidity events rather than a directional signal about company prospects.