DoorDash CEO Tony Xu Files Intent to Sell $6.6M in Company Stock

Tony Xu, the CEO, Director, and a 10% stockholder of DoorDash, Inc. (DASH), has filed a Form 144 to signal the proposed sale of 29,567 shares of Class A Common Stock. The total market value of these shares is approximately $6.61 million. The sale is intended to take place on or around August 24, 2026. This transaction is being conducted under a Rule 10b5-1 trading plan, which was adopted on September 9, 2025. Such plans allow insiders to sell shares over a designated period without being accused of trading on inside information. The shares involved were acquired through the exercise of stock options on the same day as the proposed sale, a common method for executives to realize compensation and diversify their holdings.