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Director Sells 15,000 DoorDash Shares via 10b5-1 Plan
11 Aug
Summary
- Director Andy Fang sold 15,000 DoorDash shares on August 6, 2026.
- The sale was executed through a pre-arranged 10b5-1 trading plan.
- Fang retains direct and indirect holdings in DoorDash post-sale.
On August 6, 2026, DoorDash Director Andy Fang executed a sale of 15,000 shares of Class A Common Stock, as detailed in an SEC Form 4 filing. The transaction's value was approximately $3.2 million, based on a weighted average sale price of $215.00 per share. This disposal was part of a non-discretionary execution under a Rule 10b5-1 plan, initiated five months earlier to ensure compliance with regulations regarding material non-public information.
The sale involved the conversion of Class B Common Stock to Class A Common Stock and the immediate sale of 15,000 exercised options. Despite this disposal, Andy Fang retains a significant stake in the company. He directly holds 44,189 shares and also maintains an indirect position through AF 2025 GRAT, which includes derivative securities. The stock's performance showed a 20% decline over the 12 months preceding the sale date.
