[Form 4] DoorDash, Inc. Insider Trading Activity
Andy Fang, a director of DoorDash, Inc. (DASH), reported transactions dated 08/07/2025. He converted 50,000 shares of Class B common stock into 50,000 shares of Class A common stock and then sold those 50,000 Class A shares in three tranches under a Rule 10b5-1 trading plan, with reported weighted average sale prices of approximately $275.41, $276.29 and $277.43 per share.
The filing also shows a disposition of 22,545 Class A shares represented by restricted stock units (footnote) and that many shares are held indirectly through The AF Living Trust UTA dated 9/4/19 for which Fang serves as trustee. After the reported transactions the converted Class A shares were reduced to zero indirect holdings for the converted lot, while the Form shows 6,049,604 indirect shares attributable to Class B/related holdings following the reported activity.
Andy Fang, membro del consiglio di amministrazione di DoorDash, Inc. (DASH), ha segnalato operazioni in data 08/07/2025. Ha convertito 50,000 azioni di Classe B in 50,000 azioni di Classe A e poi ha venduto quelle 50,000 azioni di Classe A in tre tranche nell'ambito di un piano di negoziazione ai sensi della Regola 10b5-1, con prezzi medi ponderati di vendita riportati di circa $275.41, $276.29 e $277.43 per azione.
Il deposito mostra inoltre una cessione di 22,545 azioni di Classe A rappresentate da restricted stock units (footnote) e che molte azioni sono detenute indirettamente tramite The AF Living Trust UTA datato 9/4/19, per il quale Fang ricopre la carica di trustee. Dopo le operazioni segnalate, le azioni di Classe A convertite risultano ridotte a zero tra le detenzioni indirette per il lotto convertito, mentre il modulo indica 6,049,604 azioni indirette attribuibili a detenzioni correlate di Classe B a seguito dell'attività riportata.
Andy Fang, miembro del consejo de administración de DoorDash, Inc. (DASH), informó transacciones con fecha 08/07/2025. Convirtió 50,000 acciones ordinarias Clase B en 50,000 acciones Clase A y luego vendió esas 50,000 acciones Clase A en tres tramos bajo un plan de negociación conforme a la Regla 10b5-1, con precios medios ponderados de venta reportados de aproximadamente $275.41, $276.29 y $277.43 por acción.
La presentación también muestra una disposición de 22,545 acciones Clase A representadas por unidades de acciones restringidas (footnote) y que muchas acciones se mantienen indirectamente a través de The AF Living Trust UTA con fecha 9/4/19, del cual Fang es fideicomisario. Tras las transacciones reportadas, las acciones convertidas de Clase A se redujeron a cero participaciones indirectas para el lote convertido, mientras que el formulario muestra 6,049,604 acciones indirectas atribuibles a participaciones de Clase B/relacionadas después de la actividad reportada.
DoorDash, Inc. (DASH)� 이사� Andy Fang은 08/07/2025� 거래� 보고했습니다. 그는 50,000주의 클래� B 보통주를 50,000주의 클래� A 보통주로 전환� � 해당 50,000주의 클래� A 주식� Rule 10b5-1 거래 계획� 따라 � 차례� 걸쳐 매도했으�, 보고� 가� 평균 매도 가격은 주당 � $275.41, $276.29 � $277.43입니�.
해당 서류에는 또한 제한부주식단위(restricted stock units)� 표시� 22,545주의 클래� A 주식 처분(footnote)� 기재되어 있고, 많은 주식� Fang� 수탁자인 The AF Living Trust UTA(날짜 9/4/19)� 통해 간접 보유되고 있는 것으� 나타납니�. 보고� 거래 � 전환� 클래� A 주식은 해당 전환분에 대� 간접 보유가 제로� 감소했으�, 서류상에� 보고� 거래 이후 클래� B/관� 보유� 기인� 6,049,604� 간접 보유가 표시되어 있습니다.
Andy Fang, administrateur de DoorDash, Inc. (DASH), a déclaré des transactions datées du 08/07/2025. Il a converti 50,000 actions ordinaires de catégorie B en 50,000 actions de catégorie A, puis a vendu ces 50,000 actions de catégorie A en trois tranches dans le cadre d’un plan de négociation conforme à la règle 10b5-1, avec des prix de vente moyens pondérés déclarés d’environ $275.41, $276.29 et $277.43 par action.
Le dépôt indique également une cession de 22,545 actions de catégorie A représentées par des restricted stock units (footnote) et que de nombreuses actions sont détenues indirectement via The AF Living Trust UTA daté du 9/4/19, dont Fang est le fiduciaire. Après les transactions déclarées, les actions de catégorie A converties sont passées à zéro en détention indirecte pour la tranche convertie, tandis que le formulaire montre 6,049,604 actions indirectes attribuables aux positions liées à la catégorie B suite à l’activité signalée.
Andy Fang, ein Direktor von DoorDash, Inc. (DASH), meldete Transaktionen datiert 08/07/2025. Er wandelte 50,000 Aktien der Klasse B in 50,000 Aktien der Klasse A um und verkaufte anschließend diese 50,000 Klasse-A-Aktien in drei Tranchen im Rahmen eines Rule-10b5-1-Handelsplans, mit gemeldeten gewichteten durchschnittlichen Verkaufspreisen von etwa $275.41, $276.29 und $277.43 pro Aktie.
Die Einreichung zeigt außerdem eine Veräußerung von 22,545 Klasse-A-Aktien, dargestellt durch Restricted Stock Units (footnote) und dass viele Aktien indirekt über The AF Living Trust UTA vom 9/4/19 gehalten werden, für die Fang als Treuhänder fungiert. Nach den gemeldeten Transaktionen wurden die umgewandelten Klasse-A-Aktien für das umgewandelte Los auf null indirekte Bestände reduziert, während das Formular nach der gemeldeten Aktivität 6,049,604 indirekte Aktien ausweist, die auf Klasse-B-/verbundene Bestände entfallen.
- Use of a Rule 10b5-1 trading plan (adopted March 6, 2025) which documents pre-arranged sales and reduces potential concerns about opportunistic insider timing
- Full disclosure of conversion of 50,000 Class B shares into Class A and staged sales with weighted-average prices provided
- Identification of indirect holdings through The AF Living Trust UTA dated 9/4/19 and explicit footnotes clarifying RSU representation
- Insider dispositions totaling 50,000 Class A shares sold in three tranches on 08/07/2025 at weighted average prices of approximately $275.414, $276.292 and $277.425
- Disposition of 22,545 Class A shares represented by restricted stock units is reported (footnote 7), reducing the reporting person’s direct/indirect holdings in those lots
Insights
TL;DR: Director converted 50,000 Class B to A, sold those 50,000 shares via a 10b5-1 plan at ~$275�$277; substantial indirect holdings remain.
The filing documents a routine, pre-arranged insider sale rather than an opportunistic block trade: a 1:1 conversion of 50,000 Class B shares into Class A followed by three dispositions totaling 50,000 shares at weighted average prices of $275.414, $276.292 and $277.425. Sales were effected pursuant to a Rule 10b5-1 plan adopted March 6, 2025, which reduces likelihood of opportunistic timing. The report also indicates a separate disposition of 22,545 shares represented by restricted stock units and continued indirect exposure through The AF Living Trust, which holds a large aggregate stake (6,049,604 shares reported under derivative/indirect holdings).
TL;DR: Disclosure follows standard insider reporting: conversion, 10b5-1 sales, trust holdings disclosed; transparent but notable insider selling activity.
The Form 4 provides clear disclosure of the mechanic of the transactions: conversion of Class B into Class A, sequential sales that fully disposed of the converted lot, and use of a documented 10b5-1 plan (adopted March 6, 2025). The report identifies The AF Living Trust UTA dated 9/4/19 as the indirect holder where the reporting person serves as trustee, and includes footnotes clarifying restricted stock unit representation. From a governance perspective, the filing is complete and includes weighted-average sale-price ranges and willingness to provide granular price-by-price data upon request, supporting regulatory transparency.
Andy Fang, membro del consiglio di amministrazione di DoorDash, Inc. (DASH), ha segnalato operazioni in data 08/07/2025. Ha convertito 50,000 azioni di Classe B in 50,000 azioni di Classe A e poi ha venduto quelle 50,000 azioni di Classe A in tre tranche nell'ambito di un piano di negoziazione ai sensi della Regola 10b5-1, con prezzi medi ponderati di vendita riportati di circa $275.41, $276.29 e $277.43 per azione.
Il deposito mostra inoltre una cessione di 22,545 azioni di Classe A rappresentate da restricted stock units (footnote) e che molte azioni sono detenute indirettamente tramite The AF Living Trust UTA datato 9/4/19, per il quale Fang ricopre la carica di trustee. Dopo le operazioni segnalate, le azioni di Classe A convertite risultano ridotte a zero tra le detenzioni indirette per il lotto convertito, mentre il modulo indica 6,049,604 azioni indirette attribuibili a detenzioni correlate di Classe B a seguito dell'attività riportata.
Andy Fang, miembro del consejo de administración de DoorDash, Inc. (DASH), informó transacciones con fecha 08/07/2025. Convirtió 50,000 acciones ordinarias Clase B en 50,000 acciones Clase A y luego vendió esas 50,000 acciones Clase A en tres tramos bajo un plan de negociación conforme a la Regla 10b5-1, con precios medios ponderados de venta reportados de aproximadamente $275.41, $276.29 y $277.43 por acción.
La presentación también muestra una disposición de 22,545 acciones Clase A representadas por unidades de acciones restringidas (footnote) y que muchas acciones se mantienen indirectamente a través de The AF Living Trust UTA con fecha 9/4/19, del cual Fang es fideicomisario. Tras las transacciones reportadas, las acciones convertidas de Clase A se redujeron a cero participaciones indirectas para el lote convertido, mientras que el formulario muestra 6,049,604 acciones indirectas atribuibles a participaciones de Clase B/relacionadas después de la actividad reportada.
DoorDash, Inc. (DASH)� 이사� Andy Fang은 08/07/2025� 거래� 보고했습니다. 그는 50,000주의 클래� B 보통주를 50,000주의 클래� A 보통주로 전환� � 해당 50,000주의 클래� A 주식� Rule 10b5-1 거래 계획� 따라 � 차례� 걸쳐 매도했으�, 보고� 가� 평균 매도 가격은 주당 � $275.41, $276.29 � $277.43입니�.
해당 서류에는 또한 제한부주식단위(restricted stock units)� 표시� 22,545주의 클래� A 주식 처분(footnote)� 기재되어 있고, 많은 주식� Fang� 수탁자인 The AF Living Trust UTA(날짜 9/4/19)� 통해 간접 보유되고 있는 것으� 나타납니�. 보고� 거래 � 전환� 클래� A 주식은 해당 전환분에 대� 간접 보유가 제로� 감소했으�, 서류상에� 보고� 거래 이후 클래� B/관� 보유� 기인� 6,049,604� 간접 보유가 표시되어 있습니다.
Andy Fang, administrateur de DoorDash, Inc. (DASH), a déclaré des transactions datées du 08/07/2025. Il a converti 50,000 actions ordinaires de catégorie B en 50,000 actions de catégorie A, puis a vendu ces 50,000 actions de catégorie A en trois tranches dans le cadre d’un plan de négociation conforme à la règle 10b5-1, avec des prix de vente moyens pondérés déclarés d’environ $275.41, $276.29 et $277.43 par action.
Le dépôt indique également une cession de 22,545 actions de catégorie A représentées par des restricted stock units (footnote) et que de nombreuses actions sont détenues indirectement via The AF Living Trust UTA daté du 9/4/19, dont Fang est le fiduciaire. Après les transactions déclarées, les actions de catégorie A converties sont passées à zéro en détention indirecte pour la tranche convertie, tandis que le formulaire montre 6,049,604 actions indirectes attribuables aux positions liées à la catégorie B suite à l’activité signalée.
Andy Fang, ein Direktor von DoorDash, Inc. (DASH), meldete Transaktionen datiert 08/07/2025. Er wandelte 50,000 Aktien der Klasse B in 50,000 Aktien der Klasse A um und verkaufte anschließend diese 50,000 Klasse-A-Aktien in drei Tranchen im Rahmen eines Rule-10b5-1-Handelsplans, mit gemeldeten gewichteten durchschnittlichen Verkaufspreisen von etwa $275.41, $276.29 und $277.43 pro Aktie.
Die Einreichung zeigt außerdem eine Veräußerung von 22,545 Klasse-A-Aktien, dargestellt durch Restricted Stock Units (footnote) und dass viele Aktien indirekt über The AF Living Trust UTA vom 9/4/19 gehalten werden, für die Fang als Treuhänder fungiert. Nach den gemeldeten Transaktionen wurden die umgewandelten Klasse-A-Aktien für das umgewandelte Los auf null indirekte Bestände reduziert, während das Formular nach der gemeldeten Aktivität 6,049,604 indirekte Aktien ausweist, die auf Klasse-B-/verbundene Bestände entfallen.