DoorDash Director Stanley Tang Receives 10,361 Shares

What Happened
Stanley Tang, a director of DoorDash (DASH), was reported to have acquired 10,361 shares on August 7, 2026. The Form 4 lists the transaction as an "other acquisition or disposition" (code J) at $0.00 per share (total $0), indicating the shares were received in‑kind rather than purchased on the open market.

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11. The filing appears to have been submitted three business days after the transaction (Form 4s are generally due within two business days).
• Reported price: $0.00 per share; reported total value: $0.
• Shares acquired: 10,361. Shares owned after transaction: not disclosed in this filing.
• Footnotes on the filing:
  • F1: Shares were received as part of a Sequoia Capital fund pro‑rata in‑kind distribution to partners of investment funds in which the reporting person’s estate‑planning vehicles are partners.
  • F2: The shares are held directly by The ST Trust (reporting person serves as trustee).
  • F3: Certain of these securities are represented by Restricted Stock Units (RSUs).
• Transaction code: J (other acquisition/disposition), consistent with an in‑kind transfer rather than a market trade.

Context
This was an in‑kind distribution from a venture/investment fund, not a cash purchase or sale. Such transfers reflect fund-level allocations to partners’ vehicles and do not necessarily indicate the insider bought shares on personal conviction or sold holdings; some of the shares are restricted (RSUs) and are held in a trust. The apparent late filing is procedural and may be noted by compliance teams or regulators, but the filing itself provides the key disclosure of the transfer.