4/A: Stanley Tang of DoorDash Amends Form 4 Filing to Correctly Report Share Conversion and Gifting
SEC Filing
Stanley Tang, a Director at DoorDash, filed an amended Form 4 to correct the number of shares converted and gifted.
Summary
- Stanley Tang, a Director at DoorDash, filed an amended Form 4/A with the SEC.
- The amendment corrects the number of Class B Common Stock shares converted to Class A Common Stock and gifted on February 21, 2025.
- Tang converted 5,125 shares of Class B Common Stock to Class A Common Stock at a 1:1 ratio.
- Following the transaction, Tang directly owns no shares but indirectly owns 5,125 shares of Class A Common Stock and 4,282,090 derivative securities through The ST Trust.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply corrects previously reported information.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders.
Key Dates
| Date | Description |
|---|---|
| October 2, 2019 | Date of the agreement for The ST Trust, which holds the shares indirectly. |
| February 20, 2025 | Date of earliest transaction. |
| February 21, 2025 | Date of the share conversion and gifting transaction. |
| February 24, 2025 | Date of original filing. |
| February 28, 2025 | Date of the amended filing. |
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