Stanley Tang - 09 May 2023 Form 4 Insider Report for DoorDash, Inc. (DASH)

Role
Director
Signature
/s/ Kylee Rast, by power of attorney
Issuer symbol
DASH
Transactions as of
09 May 2023
Net transactions value
-$12,465,662
Form type
4
Filing time
11 May 2023, 16:07:31 UTC
Previous filing
24 Apr 2023
Next filing
24 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DASH Class A Common Stock Options Exercise $18,600 +93,000 +179% $0.2000* 144,998 09 May 2023 Direct F1, F2
transaction DASH Class A Common Stock Sale $656,009 -9,881 -6.8% $66.39 135,117 09 May 2023 Direct F2, F3, F4
transaction DASH Class A Common Stock Sale $5,580,277 -83,119 -62% $67.14 51,998 09 May 2023 Direct F2, F3, F5
transaction DASH Class A Common Stock Options Exercise $18,600 +93,000 +179% $0.2000* 144,998 10 May 2023 Direct F1, F2
transaction DASH Class A Common Stock Sale $4,049,921 -60,370 -42% $67.08 84,628 10 May 2023 Direct F2, F3, F6
transaction DASH Class A Common Stock Sale $2,216,654 -32,630 -39% $67.93 51,998 10 May 2023 Direct F2, F3, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DASH Stock Option (right to buy) Options Exercise $0 -93,000 -5.1% $0.000000 1,747,390 09 May 2023 Class A Common Stock 93,000 $0.2000 Direct F1, F8
transaction DASH Stock Option (right to buy) Options Exercise $0 -93,000 -5.3% $0.000000 1,654,390 10 May 2023 Class A Common Stock 93,000 $0.2000 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Relates to the exercise of an option to purchase shares of the Issuer's Class A common stock pursuant to a Rule 10b5-1 trading plan in advance of such option's expiration on June 25, 2024.
F2 Certain of these securities are represented by restricted stock units.
F3 The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person that became effective on February 27, 2023.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $65.90 to $66.89 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.
F5 This sale price represents the weighted average sale price of the shares sold ranging from $66.90 to $67.39 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.
F6 This sale price represents the weighted average sale price of the shares sold ranging from $66.48 to $67.47 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.
F7 This sale price represents the weighted average sale price of the shares sold ranging from $67.48 to $68.26 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.
F8 The shares underlying the option are fully vested and immediately exercisable.