Sec Form 13G Filing - GIC Private Ltd filing for DoorDash Inc. (DASH) - 2023-02-13

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

DoorDash, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

25809K105

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 25809K105    SCHEDULE 13G    Page 2 of 8 Pages

 

  1    

  NAMES OF REPORTING PERSONS

 

  GIC Private Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Republic of Singapore

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  49,525

   6  

  SHARED VOTING POWER

 

  25,145,237

   7  

  SOLE DISPOSITIVE POWER

 

  49,525

   8  

  SHARED DISPOSITIVE POWER

 

  25,145,237

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  25,194,762

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  7.00%(1)

12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(1)

Based on 360,077,866 shares of Class A Common Stock, par value $0.00001 per share (“Class A Common Stock”), of DoorDash, Inc. (the “Issuer”) outstanding as of October 31, 2022, according to Form 10-Q filed by the Issuer with the Securities and Exchange Commission (the “SEC”) on November 4, 2022.


CUSIP No. 25809K105    SCHEDULE 13G    Page 3 of 8 Pages

 

  1    

  NAMES OF REPORTING PERSONS

 

  GIC Special Investments Private Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Republic of Singapore

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  25,114,342

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  25,114,342

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  25,114,342

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  6.97%(1)

12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(1)

Based on 360,077,866 shares of Class A Common Stock outstanding as of October 31, 2022, according to Form 10-Q filed by the Issuer with the SEC on November 4, 2022.


CUSIP No. 25809K105    SCHEDULE 13G    Page 4 of 8 Pages

 

  1    

  NAMES OF REPORTING PERSONS

 

  Greenview Investment Pte Ltd

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Republic of Singapore

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  23,937,526

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  23,937,526

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  23,937,526(1)

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  6.65%(1)

12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(1)

Based on 360,077,866 shares of Class A Common Stock outstanding as of October 31, 2022, according to Form 10-Q filed by the Issuer with the SEC on November 4, 2022.


CUSIP No. 25809K105    SCHEDULE 13G    Page 5 of 8 Pages

 

Item 1(a).

Name of Issuer:

DoorDash, Inc. (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

DoorDash, Inc.

303 2nd Street, South Tower, 8th Floor

San Francisco, California 94107

 

Item 2(a).

Name of Person Filing:

GIC Private Limited

GIC Special Investments Private Limited

Greenview Investments Pte Ltd

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

168 Robinson Road

#37-01 Capital Tower

Singapore 068912

 

Item 2(c).

Citizenship:

GIC Private Limited – Republic of Singapore

GIC Special Investments Private Limited – Republic of Singapore

Greenview Investments Pte Ltd – Republic of Singapore

 

Item 2(d).

Title of Class of Securities:

Class A Common Stock, par value $0.00001 per share

 

Item 2(e).

CUSIP Number:

25809K105.

 

Item 3.

If this Statement is Filed Pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

Not applicable.

 

Item 4.

Ownership.

Ownership information with respect to GIC Private Limited (“GIC PL”), GIC Special Investments Private Limited (“GIC SI”) and Greenview Investment Pte Ltd (“Greenview”) is incorporated by reference to items (5) through (9) and (11) on the cover page for each entity.

Greenview Investments Pte Ltd (“Greenview”) shares the power to vote and the power to dispose of 23,937,526 Class A Common Stock held directly by it with GIC Special Investments Private Limited (“GIC SI”) and GIC PL. GIC SI is wholly owned by GIC PL and is the private equity investment arm of GIC PL.

GIC is a fund manager and only has 2 clients – the Government of Singapore (“GoS”) and the Monetary Authority of Singapore (“MAS”). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 49,525 securities beneficially owned by it. GIC shares power to vote and dispose of 30,895 securities beneficially owned by it with MAS.


CUSIP No. 25809K105    SCHEDULE 13G    Page 6 of 8 Pages

 

GIC PL is wholly owned by the GoS and was set up with the sole purpose of managing Singapore’s foreign reserves. The GoS disclaims beneficial ownership of these shares.

 

Item 5.

Ownership of Five Percent or Less of Class.

Not applicable.

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certifications.

Not applicable.


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as dated.

 

GIC PRIVATE LIMITED
By:  

/s/ Diane Liang Weishan

Name: Diane Liang Weishan
Title: Senior Vice President
Date: February 9, 2023
By:  

/s/ Toh Tze Meng

Name: Toh Tze Meng
Title: Senior Vice President
Date: February 9, 2023
GIC SPECIAL INVESTMENTS PRIVATE LIMITED
By:  

/s/ Chan Hoe Yin

Name: Chan Hoe Yin
Title: Managing Director
Date: February 9, 2023
GREENVIEW INVESTMENT PTE. LTD.
By:  

/s/ Arthur Chen

Name: Arthur Chen
Title: Director
Date: February 9, 2023


LIST OF EXHIBITS

 

Exhibit

  

Description

A    Joint Filing Agreement, dated February 12, 2021, entered into by GIC Private Ltd, GIC Special Investments Pte Ltd and Greenview Investment Pte Ltd (incorporated by reference to Exhibit A to the Schedule 13G filed by those persons on February 12, 2021 (SEC File No. 005-92183)).