FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
DoorDash Inc [ DASH ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/11/2020 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 12/11/2020 | J(1) | 211,355 | D | (1) | 0 | D | |||
Common Stock | 12/11/2020 | J(2) | 494,524(3) | D | (2) | 0 | I | See footnote(4) | ||
Common Stock | 12/11/2020 | J(2) | 3,737,500 | D | (2) | 0 | I | See footnote(5) | ||
Common Stock | 12/11/2020 | J(2) | 6,014,836(6) | D | (2) | 0 | I | See footnote(7) | ||
Class A Common Stock | 12/11/2020 | J(1) | 211,355 | A | (1) | 211,355 | D | |||
Class A Common Stock | 12/11/2020 | J(2) | 494,524 | A | (2) | 494,524 | I | See footnote(4) | ||
Class A Common Stock | 12/11/2020 | J(2) | 3,737,500 | A | (2) | 3,737,500 | I | See footnote(5) | ||
Class A Common Stock | 12/11/2020 | J(2) | 6,014,836 | A | (2) | 6,014,836 | I | See footnote(7) | ||
Class A Common Stock | 12/11/2020 | J(8) | 494,524 | D | (8) | 0 | I | See footnote(4) | ||
Class A Common Stock | 12/11/2020 | J(8) | 3,737,500 | D | (8) | 0 | I | See footnote(5) | ||
Class A Common Stock | 12/11/2020 | J(8) | 6,014,836 | D | (8) | 0 | I | See footnote(7) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class B Common Stock | (9) | 12/11/2020 | J(8) | 494,524 | (9) | (9) | Class A Common Stock | 494,524 | $0.00 | 494,524 | I | See footnote(4) | |||
Class B Common Stock | (9) | 12/11/2020 | J(8) | 3,737,500 | (9) | (9) | Class A Common Stock | 3,737,500 | $0.00 | 3,737,500 | I | See footnote(5) | |||
Class B Common Stock | (9) | 12/11/2020 | J(8) | 6,014,836 | (9) | (9) | Class A Common Stock | 6,014,836 | $0.00 | 6,014,836 | I | See footnote(7) | |||
Stock Option (right to buy) | $0.2 | 12/11/2020 | J(10) | 2,888,390 | (11) | 06/25/2024 | Common Stock | 2,888,390 | $0.00 | 0 | D | ||||
Stock Option (right to buy) | $0.2 | 12/11/2020 | J(10) | 2,888,390 | (11) | 06/25/2024 | Class A Common Stock | 2,888,390 | $0.00 | 2,888,390 | D | ||||
Stock Option (right to buy) | $7.16 | 12/11/2020 | J(10) | 179,425 | (12) | 10/09/2028 | Common Stock | 179,425 | $0.00 | 0 | D | ||||
Stock Option (right to buy) | $7.16 | 12/11/2020 | J(10) | 179,425 | (12) | 10/09/2028 | Class A Common Stock | 179,425 | $0.00 | 179,425 | D |
Explanation of Responses: |
1. The shares are represented by restricted stock units. Immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock, each share of Common Stock was reclassified into one share of Class A Common Stock and each share of Class A Common Stock issued following the vesting and settlement of an RSU may be exchanged at a 1:1 ratio for a share of Class B Common Stock at the election of the holder. |
2. Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. |
3. Excludes 42,976 shares previously reported as held directly by The 2019 Fang Grantor Retained Annuity Trust UTA dated 9/4/19 for which the reporting person serves as the trustee (the "2019 GRAT"), which were re-registered on December 11, 2020 and are now held directly by The AF Living Trust UTA dated 9/4/19 for which the reporting person serves as the trustee (the "Living Trust"). |
4. The shares are held by the 2019 GRAT. |
5. The shares are held by The 2020 Fang Grantor Retained Annuity Trust UTA dated 6/1/2020 for which the reporting person serves as the trustee. |
6. Includes 42,976 shares previously reported as held directly by the 2019 GRAT, which were re-registered on December 11, 2020 and are now held directly by the Living Trust. |
7. The shares are held by the Living Trust. |
8. Following the reclassification of Common Stock into Class A Common Stock, all shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock in a transaction previously approved by the Issuer's board of directors. |
9. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
10. Immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock, each share of Common Stock was reclassified into one share of Class A Common Stock and upon exercise of the option, such shares of Class A Common Stock may be exchanged at a 1:1 ratio for shares of Class B Common Stock at the election of the holder. |
11. The shares underlying the option are fully vested and immediately exercisable. |
12. One-fourth of the shares underlying the option vested on October 1, 2019 and 1/48th of the shares vest monthly thereafter. |
Remarks: |
/s/ Keith Yandell, by power of attorney | 12/15/2020 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |