DoorDash CEO Tony Xu Transfers 31,428 Derivative Shares

What Happened
Tony Xu, CEO of DoorDash (DASH), recorded paired "other acquisition/disposition" transactions on 2026-09-03 for 31,428 derivative shares at $0.00. The filing shows a disposition and an acquisition (both code J), indicating these were internal/administrative transfers of derivative securities rather than an open‑market buy or sell. Footnotes state the transfer was from Xu to the Peach Tree Trust in satisfaction of a promissory note, and the shares are held by that trust.

Key Details

• Transaction date: 2026-09-03; filing date: 2026-09-08.
• Transactions: Disposed 31,428 derivative shares @ $0.00 (code J); Acquired 31,428 derivative shares @ $0.00 (code J).
• Security type: Derivative (Class B common stock convertible into Class A at holder’s option — footnote F1).
• Beneficial holder after transfer: Peach Tree Trust holds the transferred shares (footnote F3); footnote F2 states the transfer satisfied a promissory note for which Xu is trustee.
• Filing timeliness: Filed five days after the transaction (9/08 vs 9/03); this appears later than the usual 2-business-day Form 4 reporting deadline.

Context
Code J transactions often reflect transfers, conversions, or administrative movements of securities (not market purchases or sales). Here the action reflects a transfer to a trust (satisfying a promissory note) and does not represent an open-market buy or sell that would indicate immediate insider bullishness or bearishness. The filing lists several trusts holding other shares (see footnotes), but this report covers only the 31,428-share transfer.