DASHDoorDash
Our mission is to grow and empower local economies. 10-K, Item 1
Deals between DASH and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-04-20 reports that the one filed 2025-04-29 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-29.
Nothing new: every deal in this year's section was reported last year too.
The whole section 5 paragraphs, proxy filed 2026-04-20
Certain Relationships, Related Party and Other Transactions“In addition to the compensation arrangements, including employment, termination of employment, and change in control arrangements, discussed in the sections titled “Board of Directors and Corporate Governance - Director Compensation” and “Executive Compensation,” the following is a description of each transaction and series of similar transactions, since the beginning of our last fiscal year, to which we were a party or will be a party, in which:”
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Certain Relationships, Related Party and Other Transactions“the amounts involved exceeded or will exceed $120,000; and • any of our directors, nominees for director, executive officers or beneficial holders of more than 5% of any class of our outstanding capital stock, or any immediate family member of, or person sharing the household with, any of these individuals or entities, had or will have a direct or indirect material interest.”
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Investors’ Rights Agreement“Our Seventh Amended and Restated Investors’ Rights Agreement, dated June 17, 2020, provided, among other things, that certain holders of our capital stock, including entities affiliated with Kleiner and Sequoia Capital, had the right to demand that we file a registration statement or request that their shares of our capital stock be covered by a registration statement that we are otherwise filing. This agreement terminated in accordance with its terms in December 2025. L. John Doerr and Alfred Lin, members of our board of directors, are or have been affiliated with Kleiner and Sequoia Capital, respectively.”
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POLICIES AND PROCEDURES FOR RELATED PERSON TRANSACTIONS“Our audit committee has the primary responsibility for reviewing and approving or disapproving “related person transactions,” which are transactions between us and related persons in which the aggregate amount involved exceeds or may be expected to exceed $120,000 and in which a related person has or will have a direct or indirect material interest. Our policy regarding transactions between us and related persons defines a related person as (i) any person who is or was since the beginning of the most recently completed year, a director, executive officer, nominee for director, (ii) a beneficial owner of more than 5% of any class of our voting securities, and (iii) any immediate family members of the foregoing persons. Our audit committee charter provides that our audit committee shall (i) review and oversee any related person transactions and (ii) develop and maintain policies and procedures for the audit committee's review, approval, and/or ratification of such transactions.”
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POLICIES AND PROCEDURES FOR RELATED PERSON TRANSACTIONS“Under our related person transactions policy, all related person transactions may be consummated or continued only if approved or ratified by our audit committee. In determining whether to approve or ratify any such proposal, our audit committee will take into account, among other factors it deems appropriate, (i) whether the transaction is on terms no less favorable than terms generally available to an unaffiliated third party under the same or similar circumstances, (ii) the extent of the related person’s interest in the transaction, and (iii) whether the transaction would affect the independence of any director. The policy grants standing pre-approval of certain transactions, including (i) executive compensation governed by our standard compensation and benefits policies, (ii) director compensation arrangements governed by our standard director compensation policies, (iii) transactions with another company at which a related person’s only relationship is as an employee (other than an executive officer), director, or beneficial owner of less than 10% equity interest of that company, (iv) charitable contributions, grants or endowments or pledges by us to a charitable organization, foundation or university where a related person’s only relationship is as an employee (other than an executive officer) or a director, if the aggregate amount involved does not exceed the lesser of $1,000,000 or 2% of the charitable organization’s total annual receipts, (v) any transaction available to all U.S. employees generally, (vi) transactions where a related person’s interest arises solely from the ownership of our common stock and all holders of our common stock received the same benefit on a pro rata basis, and (vii) any other transaction where disclosure of such transaction would not be required pursuant to Item 404 of Regulation S-K under the Exchange Act.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
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