DoorDash CEO & other co-founders to offload millions of stock
Tue, Jan 31, 2023 6:37 AM

DoorDash CEO & other co-founders to offload millions of stock

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DoorDash Inc.'s Chief Executive Tony Xu, Chief Technology Officer Andy Fang and Chief Product Officer Stanley Tang have decided to offload millions of shares in the company from February 2023. The three co-founders have unexercised stock options that expire on June 25, 2024, so they will sell up to 6.6 million shares among themselves. Following this, DoorDash shares plunged yesterday.

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