DoorDash CEO Tony Xu Executes 10b5-1 Option Exercise and Sale Worth $3.83M

Executive Summary

On September 1, 2026, Tony Xu, Chief Executive Officer, Director, and 10% Owner of DoorDash, Inc. ($DASH), executed a routine option exercise and stock sale under a Rule 10b5-1 trading plan. Xu exercised stock options to acquire 16,667 Class A Common shares at an exercise price of $7.16 per share and subsequently sold all 16,667 shares at a weighted average price of $230.002 per share, generating gross proceeds of approximately $3.83 million.

Transaction Breakdown

• Option Exercise: 16,667 shares exercised at $7.16 per share.
• Open Market Sale: 16,667 shares sold at $230.002 per share (ranging from $230.00 to $230.05).
• Net Cash Generated: ~$3.71M after option exercise costs.
• Pre-Arranged Plan: Sales were executed pursuant to a Rule 10b5-1 trading plan adopted on September 9, 2025.

Post-Transaction Holdings

• Direct Ownership (Common Stock): 1,500 shares
• Indirect Ownership (Common Stock): 8,159 shares held via TXX Investments LLC
• Derivative Holdings: 1,134,138 vested stock options remaining (expiration: October 9, 2028)

Market & Governance Context

Because this transaction was executed pursuant to a pre-scheduled Rule 10b5-1 trading plan and represents standard option monetisation without significant change to overall underlying equity exposure, it carries low market significance.