Form 4: DoorDash Chief Accounting Officer Gordon Lee Reports Stock Sales to Cover Tax Obligations

DoorDash's Chief Accounting Officer, Gordon Lee, sold shares of Class A Common Stock on February 20, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• On February 20, 2025, Gordon Lee, the Chief Accounting Officer of DoorDash, sold shares of Class A Common Stock.
• The sales were executed in two transactions at prices of $202.25 and $203.49 per share.
• A total of 91 shares were sold at $202.25 and 2,553 shares were sold at $203.49.
• These sales were made to cover tax obligations related to the vesting of restricted stock units (RSUs).
• Following the reported transactions, Lee beneficially owns 89,795 shares of Class A Common Stock, some of which are represented by RSUs.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations.

Industry Context

This is a routine Form 4 filing, indicating insider transactions related to equity compensation. It's common for executives to sell shares to cover tax obligations when RSUs vest.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on stakeholders as they are related to tax obligations and represent a small portion of the outstanding shares.

Key Dates

Keywords

Form 4, DoorDash, DASH, Gordon Lee, Chief Accounting Officer, Stock Sale, Restricted Stock Units, RSUs, Beneficial Ownership, Securities Exchange Act