DoorDash Director Andy Fang Sells $3.42M in Class A Common Stock via Rule 10b5-1 Plan

Insider Transaction Analysis: DoorDash, Inc. ($DASH)

Summary

On September 1, 2026, DoorDash Director Andy Fang executed transactions involving the conversion and sale of 15,000 shares of Class A Common Stock. The shares were converted on a 1:1 basis from Class B Common Stock and subsequently sold across multiple open-market tranches for total gross proceeds of approximately $3,423,455.57 at weighted average prices ranging between $225.75 and $232.23.

Key Details

• Reporting Owner: Andy Fang (Director)
• Conversion: 15,000 shares of Class B Common Stock converted to 15,000 shares of Class A Common Stock (Code: J).
• Open Market Sales: 15,000 shares sold in seven tranches (Code: S):
  • 2,721 shares at ~$225.754
  • 1,927 shares at ~$226.746
  • 2,552 shares at ~$227.919
  • 3,900 shares at ~$228.818
  • 1,983 shares at ~$230.035
  • 1,417 shares at ~$230.823
  • 500 shares at ~$232.231
• Ownership Nature: Indirect through The AF Living Trust UTA dated 9/4/19.
• Trading Plan: Executed under a pre-arranged Rule 10b5-1 trading plan established on March 6, 2026.

Post-Transaction Holdings

• The AF Living Trust: 5,649,604 shares of Class B Common Stock.
• AF 2025 GRAT: 144,000 shares of Class B Common Stock.
• Direct Holdings: 42,598 shares of Class A Common Stock (including RSUs) and 50,285 shares of Class B Common Stock.

Significance

This transaction represents routine liquidity generation under a Rule 10b5-1 plan. The 15,000 shares sold represent a minor fraction (under 0.3%) of Andy Fang's total holdings across all direct and trust accounts.