Tang Stanley 4

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.