DoorDash CEO Tony Xu Files Form 144 for $3.86M Share Sale Under 10b5-1 Plan

Executive Summary

On September 1, 2026, Tony Xu (Director, Officer, and 10% Stockholder of DoorDash, Inc.) filed Form 144 indicating a proposed sale of 16,667 Class A Common shares with an estimated aggregate market value of $3,862,410.58.

Transaction Details

• Securities to be Sold: 16,667 shares of Class A Common stock.
• Aggregate Market Value: $3,862,410.58 (approx. $231.74 per share).
• Nature of Acquisition: Acquired via exercise of stock options on September 1, 2026, paid in cash.
• Trading Plan: The proposed sale is executed pursuant to a Rule 10b5-1 trading plan adopted on September 9, 2025.
• Recent Prior Sales (Past 3 Months):
  • August 25, 2026: 3,767 shares for gross proceeds of $866,410.00.
  • August 24, 2026: 29,567 shares for gross proceeds of $6,800,513.20.

Market & Insider Impact

Because the proposed disposition is being conducted under a pre-established Rule 10b5-1 trading plan established almost a year prior, it represents routine planned liquidity/option exercises rather than an opportunistic discretionary market signal.