---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-021020"
form_type: "8-K"
ticker: "DASH"
cik: "0001792789"
company_name: "DoorDash, Inc."
filed_at: "2025-06-02T23:59:59+00:00"
generated_at: "2026-05-20T03:07:59.616920+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DoorDash closes upsized $2.75B 0% convertible note offering due 2030

## Summary
- Issued $2.75B aggregate principal amount of 0% convertible senior notes due May 15, 2030; upsize includes full exercise of $250M option.
- Initial conversion rate 3.4250 shares per $1,000 principal, conversion price ~$291.97; net proceeds ~$2.72B.
- Used $338.5M for convertible note hedge transactions (offset by warrant proceeds); remainder for general corporate purposes including acquisitions and share repurchases.
- Notes are senior unsecured obligations; coupon 0% with special interest up to 0.50% upon certain events.
- Convertible note hedge and warrant transactions reduce potential dilution and offset cash payments upon conversion.

## SEC filing metadata
- accession: 0001140361-25-021020
- form_type: 8-K
- ticker: DASH
- cik: 0001792789
- company_name: DoorDash, Inc.
- filed_at: 2025-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792789/000114036125021020/0001140361-25-021020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792789/000114036125021020/ef20049988_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-021020
- JSON: https://secwatch.observer/filing/0001140361-25-021020.json
- Plain text: https://secwatch.observer/filing/0001140361-25-021020.txt

## Key facts
- Debt Financings
  DoorDash, Inc. incurred convertible notes of $2,750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 0% convertible maturing May 15, 2030.
  - Instrument: convertible notes
  - Principal: $2,750,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 0% convertible
  - Maturity: May 15, 2030
  - Event: incurrence
  source text: On May 30, 2025, DoorDash, Inc. (the “Company”) issued $2,750,000,000 aggregate principal amount of its 0% convertible senior notes due 2030 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792789/000114036125021020/0001140361-25-021020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.