Tang Stanley 4
4 · DoorDash, Inc. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
DoorDash (DASH) Director Stanley Tang Sells Shares
What Happened
- Stanley Tang, a DoorDash director, sold a total of 23,125 shares in multiple open-market transactions on May 4, 2026, generating approximately $4.02 million in proceeds. The individual blocks reported were:
- 4,759 shares at $172.72 — $821,984
- 10,571 shares at $173.79 — $1,837,113
- 4,638 shares at $174.46 — $809,164
- 2,757 shares at $175.64 — $484,234
- 400 shares at $176.32 — $70,529
- On the same date he recorded an "other acquisition" of 23,125 shares at $0.00 and an associated derivative disposition of 23,125 shares (code J). Footnotes indicate these reflect conversion of Class B common stock into Class A common stock on a 1:1 basis.
Key Details
- Transaction date: May 4, 2026 (filed May 6, 2026) — filing appears timely.
- Total shares sold: 23,125; total net proceeds from reported open-market sales: ~$4,023,024.
- Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Tang on December 3, 2025 (footnote F3).
- Shares converted were held directly by The ST Trust for which Tang serves as trustee (footnote F2).
- Each Class B share converts to one Class A share at the holder’s option with no expiration (footnotes F1, F10).
- Some securities reported may be represented by Restricted Stock Units (RSUs) (footnote F9).
- The filing does not disclose the reporting person’s total shares owned after these transactions in the provided excerpt.
Context
- These sales were executed under a pre-arranged Rule 10b5-1 plan, which is commonly used to automate sales and reduce concerns about timing or insider knowledge. Converting Class B to Class A at a 1:1 rate is a non-cash reclassification; the reported open-market sales converted shares into cash.
Insider Transaction Report
Form 4
DoorDash, Inc.DASH
Tang Stanley
Director
Transactions
- Other
Class A Common Stock
[F1][F2]2026-05-04+23,125→ 23,125 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F4][F2]2026-05-04$172.72/sh−4,759$821,984→ 18,366 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F5][F2]2026-05-04$173.79/sh−10,571$1,837,113→ 7,795 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F6][F2]2026-05-04$174.46/sh−4,638$809,164→ 3,157 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F7][F2]2026-05-04$175.64/sh−2,757$484,234→ 400 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F8][F2]2026-05-04$176.32/sh−400$70,529→ 0 total(indirect: See footnote) - Other
Class B Common Stock
[F10][F1][F2]2026-05-04−23,125→ 3,546,164 total(indirect: See footnote)→ Class A Common Stock (23,125 underlying)
Holdings
- 43,481
Class A Common Stock
[F9] - 7,828
Class B Common Stock
[F10]→ Class A Common Stock (7,828 underlying)
Footnotes (10)
- [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.
- [F10]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.
- [F2]The shares are held directly by The ST Trust under agreement dated October 2, 2019, for which the Reporting Person serves as trustee.
- [F3]The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025.
- [F4]This sale price represents the weighted average sale price of the shares sold ranging from $172.19 to $173.18 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F5]This sale price represents the weighted average sale price of the shares sold ranging from $173.19 to $174.18 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F6]This sale price represents the weighted average sale price of the shares sold ranging from $174.19 to $175.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F7]This sale price represents the weighted average sale price of the shares sold ranging from $175.20 to $176.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F8]This sale price represents the weighted average sale price of the shares sold ranging from $176.21 to $176.40 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F9]Certain of these securities are represented by Restricted Stock Units.
Signature
/s/ Kimberly Hackman, by power of attorney|2026-05-06