Form 4: DoorDash CAO Sells Shares for Tax Obligations

DoorDash's Chief Accounting Officer, Gordon S. Lee, reported the sale of Class A Common Stock on November 20, 2025, to cover tax obligations related to restricted stock unit vesting.

Summary

• Gordon S. Lee, Chief Accounting Officer of DoorDash, Inc. (DASH), reported two transactions involving the sale of Class A Common Stock.
• The transactions occurred on November 20, 2025, and were made pursuant to a Rule 10b5-1 trading plan.
• A total of 51 shares were sold at a price of $189.85 per share.
• An additional 2,654 shares were sold at a price of $196.16 per share.
• These sales were conducted to cover tax obligations associated with the vesting of restricted stock units (RSUs).
• Following these transactions, Gordon S. Lee beneficially owns 90,391 shares of Class A Common Stock, some of which are represented by RSUs.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (sale to cover taxes on RSU vesting) under a 10b5-1 plan, which is neutral in sentiment and does not indicate any positive or negative developments for the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing represents a routine insider transaction, common for executives who receive equity compensation in the form of restricted stock units. The sale to cover tax obligations upon RSU vesting is a standard practice and does not typically reflect a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, pre-planned transaction for tax purposes and not indicative of a change in company fundamentals or insider sentiment.
• Employees: No direct impact mentioned.

Key Dates

Keywords

DoorDash, DASH, Form 4, Insider Transaction, Stock Sale, RSU, Tax Obligations, Gordon S. Lee, Chief Accounting Officer, 10b5-1 Plan