DoorDash Co-Founder Restructures Equity Using Trust, Sells Shares Worth Approximately 1.2 Billion Won

DoorDash, Inc. (DASH) insider and co-founder Andy Fang disclosed on June 24 that he internally transferred 5,000 Class A common shares to a trust and then sold the same number of Class A shares at approximately $180 per share, realizing about $900,000 (roughly KRW 1.2 billion) in cash.

At the same time, Fang converted 5,000 Class B common shares into Class A shares on a one-for-one basis, restructuring his direct and indirect holdings (including those held in trust). Even after the transaction, he continues to hold millions of Class B voting shares indirectly.

On June 22, Chief Business Officer Keith Yandle was granted new restricted stock units (RSUs) combining a four-year vesting schedule with a one-year cliff. Subject to future service requirements, his Class A shareholdings will vest progressively over time.

In its Q1 2026 earnings release, DoorDash reported revenue growth of more than 30% year over year and issued strong guidance for Gross Order Value. The company is expanding platform capabilities, piloting AI-driven ordering features and a road-safety enhancement program. ()

Founded in 2013, DoorDash operates an order and delivery platform connecting consumers with restaurants and retailers in the U.S. and internationally. In addition to its DoorDash and DashMart marketplaces, the company diversifies revenue through membership programs, advertising, and white-label delivery services. ()