Tony Xu, Chief Executive Officer at DoorDash (NASDAQ:DASH), reported a large exercise of company stock options on October 12, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Xu, Chief Executive Officer at DoorDash, a company in the Consumer Discretionary sector, just exercised stock options worth 132,300 shares of DASH stock with an exercise price of $0.2.
DoorDash shares are trading down 2.8% at $77.86 at the time of this writing on Friday morning. Since the current price is $77.86, this makes Xu's 132,300 shares worth $10,300,878.
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