DoorDash Director Andy Fang Sells $918K in Class A Common Stock Under 10b5-1 Plan

Overview

On October 5, 2026, DoorDash, Inc. ($DASH) director and co-founder Andy Fang filed a Form 4 disclosing the sale of 5,000 shares of Class A Common Stock on October 1, 2026.

Transaction Breakdown

• Conversion (Code J): 5,000 shares of Class B Common Stock were converted on a 1:1 basis into Class A Common Stock by The AF Living Trust UTA dated 9/4/19.
• Sale (Code S): The resulting 5,000 Class A shares were sold at a price of $183.69 per share, generating gross proceeds of $918,450.00.
• Trading Plan: The disposition was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan established on March 6, 2026.

Ownership Post-Transaction

Following the transactions:

• Class A Common Stock: 0 shares held indirectly via The AF Living Trust; 42,598 shares held directly (including RSUs).
• Class B Common Stock: 5,644,604 shares held indirectly by The AF Living Trust, 144,000 shares held indirectly via AF 2025 GRAT, and 50,285 shares held directly.

Significance Assessment

The market impact and signaling significance of this filing are Low. The disposition represents less than 0.1% of Andy Fang's total equity holdings in DoorDash and was executed under a standard, pre-scheduled Rule 10b5-1 trading plan.