DoorDash Director Stanley Tang Disposes of $4.3M in Class A Common Stock Under 10b5-1 Plan

Executive Summary

On October 2, 2026, DoorDash, Inc. (NYSE: DASH) Director and co-founder Stanley Tang converted 23,125 shares of Class B Common Stock to Class A Common Stock on a 1:1 basis and subsequently sold all 23,125 Class A shares across multiple tranches for total gross proceeds of approximately $4,305,694.09. The transactions were executed indirectly through The ST Trust pursuant to a Rule 10b5-1 trading plan established on December 3, 2025.

Transaction Breakdown

• Conversion: Converted 23,125 shares of Class B Common Stock into Class A Common Stock (Transaction Code J, Price: $0.00).
• Sales (Tranche Execution):
  • 1,000 shares at a weighted average price of $181.419
  • 1,500 shares at a weighted average price of $182.416
  • 3,500 shares at a weighted average price of $183.499
  • 2,900 shares at a weighted average price of $184.555
  • 1,600 shares at a weighted average price of $185.791
  • 1,800 shares at a weighted average price of $186.624
  • 3,999 shares at a weighted average price of $187.699
  • 6,326 shares at a weighted average price of $188.865
  • 500 shares at a weighted average price of $189.276
• Aggregate Sales Volume: 23,125 shares at a volume-weighted average price of approximately $186.19 per share.

Holdings Context

Following these transactions:

• Indirect Class A Common Stock: 10,361 shares held via The ST Trust.
• Direct Class A Common Stock: 35,887 shares (including restricted stock units).
• Indirect Class B Common Stock: 3,295,760 shares held via The ST Trust.

Because the sales represent a very small fraction of Tang's total economic and voting interest (retaining over 3.29 million Class B shares) and were pre-scheduled under a Rule 10b5-1 plan, this activity carries medium trading significance.