Director Stanley Tang sold 23,125 shares for $3,646,189.45 (blended avg $157.67) on 2026-06-02 under 10b5-1 plan
Stanley Tang, as a Director, executed 6 separate sales totaling 23,125 shares for $3,646,189.45 on a single date (2026-06-02), with transaction prices ranging from $155.69 to $160.28. This sale is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-03, meaning the transaction is scheduled and non-discretionary. Tang retains substantial derivative holdings of 3,523,039 Class B Common Stock shares post-transaction, so this represents a divestment of his non-derivative position only. The stock's current price of $160.07 sits 43.9% below the 52-week high of $285.50 and has declined 10.7% over the past 90 days, though his prior sales at DASH on 2026-04-02 were followed by positive 30-day (+17.2%) and 90-day (+3.0%) returns. DoorDash's fundamentals remain solid with $4.0B quarterly revenue, +27.9% annual growth, and $184.0M net income, though the P/E of 73.09 reflects elevated valuation expectations.