DoorDash board authorizes $400M stock repurchase program to offset RSU dilution

DoorDash, Inc.

Board authorized up to $400M in repurchases of Class A common stock.
Program aims to offset dilution from restricted stock units issued to employees.
Repurchases may be made via open market or private transactions under Rule 10b-18 and 10b5-1.
Program does not obligate company to acquire any specific amount; can be suspended anytime.
Board will assess future programs based on balance sheet, free cash flow, and investment opportunities.

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