A Form 4 filed on September 3, 2026 with the SEC reports that Andy Fang, a director of DoorDash, Inc. (NASDAQ:DASH), disposed of 15,000 shares of Class A Common Stock on September 1, 2026 under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Andy Fang, identified as a director of DoorDash, Inc.
  • Conversion: 15,000 shares of Class B Common Stock were converted into 15,000 shares of Class A Common Stock at a 1:1 ratio at the election of the reporting person, at $0 per share.
  • Total shares sold: 15,000 shares of Class A Common Stock were disposed of across eight transactions on September 1, 2026, at weighted average prices ranging from $225.754 to $232.231 per share.
  • Trading plan: All sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2026.
  • Indirect holding after transactions: 0 shares of Class A Common Stock held indirectly through The AF Living Trust UTA dated 9/4/19, plus 42,598 shares held directly (some represented by Restricted Stock Units).
  • Derivative securities remaining: 5,649,604 shares of Class B Common Stock (convertible 1:1 into Class A) held indirectly through The AF Living Trust, plus 144,000 shares held indirectly through the AF 2025 GRAT, and 50,285 shares held directly.

Andy Fang's September 2026 Share Conversion and Sale at DoorDash

According to the filing, Andy Fang first converted 15,000 shares of Class B Common Stock into 15,000 shares of Class A Common Stock at a 1:1 ratio (transaction code J), at a price of $0, through The AF Living Trust UTA dated 9/4/19, for which Fang serves as trustee. The filing notes that each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

Following the conversion, the filing discloses eight separate open-market sale transactions (transaction code S) totaling 15,000 shares of Class A Common Stock, all executed on September 1, 2026. The weighted average prices per transaction were $225.754, $226.746, $227.919, $228.818, $230.035, $230.823, and $232.231, covering share count lots of 2,721, 1,927, 2,552, 3,900, 1,983, 1,417, and 500, respectively. Each reported price represents a weighted average, with the underlying per-share prices spanning ranges disclosed in the footnotes. The filing states that full detail on shares sold at each separate price within each range will be provided upon request by the Commission staff, the issuer, or a security holder.

After all reported transactions, the indirect Class A holdings through The AF Living Trust stand at 0 shares. The filing also reports that Fang directly holds 42,598 shares of Class A Common Stock, certain of which are represented by Restricted Stock Units, and indirectly holds Class B shares convertible into 5,649,604 Class A shares through the trust, 144,000 shares through the AF 2025 GRAT, and 50,285 shares directly. The filing was signed by Kimberly Hackman by power of attorney on September 3, 2026.

What Was Disclosed

The filing discloses a director-level conversion of 15,000 Class B shares to Class A shares and the subsequent sale of those 15,000 Class A shares across eight transactions at weighted average prices between $225.754 and $232.231, all under a Rule 10b5-1 plan adopted March 6, 2026.