DoorDash Director Stanley Tang Sells $6.97M in Class A Common Stock Under 10b5-1 Plan

Insider Transaction Summary

• Reporting Insider: Stanley Tang (Director / Co-Founder)
• Issuer: DoorDash, Inc. ($DASH)
• Transaction Date: September 2, 2026
• Filing Date: September 4, 2026

Transaction Breakdown

• Conversion (Code J): Converted 30,835 shares of Class B Common Stock into Class A Common Stock at a 1:1 ratio at $0.00.
• Sales (Code S): Executed 5 tranches of sales under a pre-established Rule 10b5-1 trading plan (adopted December 3, 2025) totaling 30,835 shares of Class A Common Stock for an aggregate amount of $6,968,110.60 (weighted average price of ~$225.98 per share):
  • 2,500 shares @ $223.601
  • 2,265 shares @ $224.512
  • 8,277 shares @ $225.747
  • 15,522 shares @ $226.520
  • 2,271 shares @ $227.229

Post-Transaction Holdings

• Indirect Class A Common Stock (via The ST Trust): 10,361 shares
• Direct Class A Common Stock: 35,887 shares (including RSUs)
• Indirect Class B Common Stock (via The ST Trust): 3,318,885 shares

Analysis & Context

The transaction represents a standard execution under a Rule 10b5-1 scheduled trading plan. The sale monetized less than 1% of Stanley Tang's total holdings across direct and indirect trust vehicles, maintaining substantial long-term ownership via over 3.3 million shares of high-voting Class B stock.