Form 4: DoorDash GC Sells Shares Under 10b5-1 Plan

DoorDash General Counsel Tia Sherringham sold 5,013 shares of Class A Common Stock for $165.5 per share on February 24, 2026, as part of a pre-arranged trading plan.

Summary

• Tia Sherringham, DoorDash, Inc.'s General Counsel and Secretary, reported a sale of company stock.
• On February 24, 2026, Sherringham disposed of 5,013 shares of DoorDash Class A Common Stock.
• The shares were sold at a price of $165.5 per share.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the Reporting Person on March 7, 2025.
• Following this transaction, Sherringham directly beneficially owns 85,659 shares of Class A Common Stock.
• Certain of the beneficially owned securities are represented by Restricted Stock Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was executed under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new information.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 trading plan are pre-scheduled and do not necessarily reflect a change in management's immediate outlook on the company's prospects, distinguishing them from discretionary sales. Such plans are common among executives for personal financial planning.

Key Dates

Keywords

DoorDash, DASH, Tia Sherringham, insider trading, Form 4, stock sale, 10b5-1 plan, General Counsel