Sherringham Tia 4

What Happened
Tia Sherringham, DoorDash’s General Counsel and Secretary, exercised options on March 25, 2026, resulting in the acquisition of 1,250 shares at $7.16 per share for a total of $8,950. The Form 4 also reports a simultaneous disposition of 1,250 derivative units at $0.00.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (timely).
• Acquired: 1,250 shares @ $7.16 each = $8,950 (Transaction code M — option exercise).
• Disposed: 1,250 derivative units @ $0.00 = $0 (Transaction code M — derivative).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — some securities are represented by Restricted Stock Units (RSUs). F2 — the shares underlying the option were fully vested and immediately exercisable.
• No 10b5-1 plan or late-filing indication is shown in the provided data.

Context
This filing records an option exercise (a common insider acquisition method). The reported $0.00 disposition is recorded in the filing but not explained; footnotes indicate RSU representation and that the option shares were fully vested. The total value of the acquired shares is relatively small ($8,950), and the filing provides no additional information about any subsequent open-market sale or broader trading plan.