A Form 4 filed on August 26, 2026 discloses that Tony Xu, Chief Executive Officer and Director of DoorDash, Inc. (NASDAQ:DASH), exercised stock options and sold Class A Common Stock on August 24 and August 25, 2026 pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Option exercises: Xu exercised stock options covering 29,567 shares on August 24, 2026 and 3,767 shares on August 25, 2026, both at an exercise price of $7.16 per share.
  • Shares sold on August 24: 29,567 shares of Class A Common Stock were disposed of at a weighted average price of $230.004, ranging from $230.00 to $230.07 per share.
  • Shares sold on August 25: 3,767 shares were disposed of at $230.00 per share.
  • Direct ownership after transactions: Xu directly holds 1,500 shares of Class A Common Stock following both sets of transactions.
  • Indirect ownership: An additional 8,159 shares are held indirectly through TXX Investments LLC, whose sole member is The Article 4 Trust under TXX Family Trust, for which Xu serves as a trustee.
  • Remaining options: Xu holds 1,150,805 stock options (right to buy) at $7.16, expiring October 9, 2028, all of which the filing states are fully vested and immediately exercisable.
  • Trading plan: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 9, 2025.

Details of Tony Xu's Option Exercises and Share Sales at DoorDash

According to the filing, Xu exercised stock options on two consecutive days under a pre-established Rule 10b5-1 plan. On August 24, 2026, he exercised options covering 29,567 shares of Class A Common Stock at an exercise price of $7.16 per share, and on August 25, 2026, he exercised options covering an additional 3,767 shares at the same exercise price. The filing notes that the underlying shares of both option grants are "fully vested and immediately exercisable," with an expiration date of October 9, 2028.

Concurrent with each exercise, the filing reports that Xu sold the same number of shares acquired. The August 24 sale of 29,567 shares was executed at a weighted average price of $230.004, with individual sale prices ranging from $230.00 to $230.07 per share. The filing states that full information on the number of shares sold at each separate price will be provided upon request to the Commission staff, the issuer, or a security holder. The August 25 sale of 3,767 shares was transacted at $230.00 per share.

Following both transactions, Xu's direct beneficial ownership stands at 1,500 shares of Class A Common Stock. In addition, the filing discloses indirect ownership of 8,159 shares held by TXX Investments LLC, whose sole member is The Article 4 Trust under TXX Family Trust, for which Xu serves as a trustee. All reported sales were made under a Rule 10b5-1 trading plan that the filing states was adopted on September 9, 2025. The Form 4 was signed by Kimberly Hackman by power of attorney.

What Was Disclosed

DoorDash CEO Tony Xu disclosed the exercise of stock options and sale of Class A Common Stock on August 24 and 25, 2026, carried out under a Rule 10b5-1 plan adopted in September 2025, with 1,500 shares held directly and 8,159 shares held indirectly following the transactions.