Tang Stanley 4
4 · DoorDash, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
DoorDash (DASH) Director Stanley Tang Sells 23,125 Shares
What Happened
Stanley Tang, a Director of DoorDash (DASH), converted 23,125 Class B shares into Class A shares and sold those 23,125 Class A shares in multiple open-market transactions on June 2, 2026. The sales were executed under a Rule 10b5-1 trading plan and generated aggregate proceeds of approximately $3,646,189. Individual sale lots reported: 4,795 @ $155.69 ($746,548); 5,530 @ $156.63 ($866,147); 2,900 @ $157.53 ($456,825); 3,300 @ $158.59 ($523,334); 6,400 @ $159.57 ($1,021,280); and 200 @ $160.28 ($32,055). The conversion/acquisition entries are reported at $0 reflecting a 1:1 conversion of Class B to Class A.
Key Details
- Transaction date: June 2, 2026 (Form 4 filed June 4, 2026) — filing appears timely.
- Sales: total 23,125 shares sold for ~$3.65 million across six tranches at prices roughly $155.69–$160.28.
- Conversion: 23,125 Class B → 23,125 Class A at a 1:1 ratio (reported as $0 acquisition/disposition).
- Plan/holding notes: Sales effected pursuant to a Rule 10b5-1 trading plan adopted Dec 3, 2025 (F3). Some securities referenced are Restricted Stock Units (F10). Shares are held directly by The ST Trust (Reporting Person serves as trustee) (F2).
- Amount owned after transaction: not specified in the information provided.
- Transaction code J (other acquisition/disposition) was used for the conversion and derivative reporting; no cash consideration was reported for those entries.
Context
- This was a routine insider sale under a pre-arranged trading plan rather than an ad-hoc sale; 10b5-1 plans are commonly used to avoid timing concerns.
- The filing is informational; conversions of Class B to Class A and RSU-related entries do not by themselves signal a change in company fundamentals.
Insider Transaction Report
Form 4
DoorDash, Inc.DASH
Tang Stanley
Director
Transactions
- Other
Class A Common Stock
[F1][F2]2026-06-02+23,125→ 23,125 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F4][F2]2026-06-02$155.69/sh−4,795$746,548→ 18,330 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F5][F2]2026-06-02$156.63/sh−5,530$866,147→ 12,800 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F6][F2]2026-06-02$157.53/sh−2,900$456,825→ 9,900 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F7][F2]2026-06-02$158.59/sh−3,300$523,334→ 6,600 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F8][F2]2026-06-02$159.57/sh−6,400$1,021,280→ 200 total(indirect: See footnote) - Sale
Class A Common Stock
[F3][F9][F2]2026-06-02$160.28/sh−200$32,055→ 0 total(indirect: See footnote) - Other
Class B Common Stock
[F11][F1][F2]2026-06-02−23,125→ 3,523,039 total(indirect: See footnote)→ Class A Common Stock (23,125 underlying)
Holdings
- 41,889
Class A Common Stock
[F10] - 7,828
Class B Common Stock
[F11]→ Class A Common Stock (7,828 underlying)
Footnotes (11)
- [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]Certain of these securities are represented by Restricted Stock Units.
- [F11]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 $155.09 to $156.08 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 $156.10 to $157.09 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 $157.15 to $158.12 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 $158.20 to $159.14 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 $159.22 to $160.14 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.
- [F9]This sale price represents the weighted average sale price of the shares sold ranging from $160.27 to $160.28 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.
Signature
/s/ Kimberly Hackman, by power of attorney|2026-06-04