CHIEF EXECUTIVE OFFICER Xu Tony exercised 536,034 shares at a strike of $0.23 and sold $3,732,255 worth of shares (17,084 units at $218.46), increasing direct ownership by 34,597% to 520,450 units (SEC Form 4)
$DASH
Business Services
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
DoorDash, Inc. [ DASH ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/08/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 06/08/2025 | M(1) | 518,950 | A | $0 | 520,450 | D | |||
| Class A Common Stock | 06/09/2025 | M | 17,084 | A | $7.16 | 537,534 | D | |||
| Class A Common Stock | 06/09/2025 | S(2) | 5,090 | D | $217.691(3) | 532,444 | D | |||
| Class A Common Stock | 06/09/2025 | S(2) | 10,209 | D | $218.705(4) | 522,235 | D | |||
| Class A Common Stock | 06/09/2025 | S(2) | 1,785 | D | $219.299(5) | 520,450 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Share Units | (6) | 06/08/2025 | M(1) | 518,950 | (7) | (7) | Class A Common Stock | 518,950 | $0 | 9,860,050 | D | ||||
| Stock Option (right to buy) | $7.16 | 06/09/2025 | M | 17,084 | (8) | 10/09/2028 | Class A Common Stock | 17,084 | $0 | 1,627,056 | D | ||||
| Explanation of Responses: |
| 1. Performance Share Units ("PSUs") vested upon satisfaction of certain stock price performance conditions and continued employment of the Reporting Person through such date. Settlement of the vested PSUs is deferred pursuant to the terms of the applicable award agreement until the next company vesting date, which is expected to be on or about August 20, 2025. |
| 2. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 8, 2025. |
| 3. This sale price represents the weighted average sale price of the shares sold ranging from $217.09 to $218.07 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| 4. This sale price represents the weighted average sale price of the shares sold ranging from $218.09 to $219.085 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| 5. This sale price represents the weighted average sale price of the shares sold ranging from $219.09 to $219.83 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| 6. Each PSU represents a contingent right to receive one share of Issuer Class A Common Stock. |
| 7. The PSUs vest based on the Issuer's stock price performance over a performance period beginning on the first trading day one and one-half years following the day after the Issuer's initial public offering of Class A Common Stock and ending on November 23, 2027, subject to satisfying certain service-based conditions. |
| 8. The shares underlying the option are fully vested and immediately exercisable. |
| /s/ Kimberly Hackman, by power of attorney | 06/10/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||