Jeffrey Blackburn

About Jeffrey Blackburn

Jeffrey Blackburn (age 55) is an independent Class II director of DoorDash, appointed in May 2024. He is Managing Partner at Cresta Ventures (since Feb 2024), and previously spent two decades at Amazon, including roles as SVP of Global Media & Entertainment and SVP of Worldwide Business Development, Advertising & Entertainment; he also served briefly as a general partner at Bessemer Venture Partners and earlier worked in investment banking at Morgan Stanley and Deutsche Bank. He holds an A.B. in Economics from Dartmouth and an M.B.A. from Stanford. He is nominated for re‑election to a term ending at the 2028 annual meeting.

Past Roles

Organization	Role	Tenure	Committees/Impact
Amazon.com, Inc.	SVP, Global Media & Entertainment; previously SVP, Worldwide Business Development, Advertising & Entertainment	May 2021–Feb 2023; Nov 2012–Feb 2020	Senior leadership in content, media, BD and M&A; over a decade on senior leadership team
Bessemer Venture Partners	General Partner; Management Committee member	Mar 2021–May 2021	Investment leadership; brief tenure between Amazon stints
Morgan Stanley; Deutsche Bank	Investment banker	1995–1998	Financing/M&A experience

External Roles

Organization	Role	Tenure	Notes
Cresta Ventures, LLC	Managing Partner	Feb 2024–present	Venture capital leadership
Roku, Inc.	Director (public company)	Since Jun 2023	TV streaming platform company
StubHub Holdings, Inc.	Expected Director	Upon effectiveness of registration statement	Anticipated board seat at IPO effectiveness
Private company (undisclosed)	Director	N/A	Serves on another private company board

Board Governance

Independence: The Board determined Blackburn is independent under Nasdaq rules.
Board structure: Classified board; Blackburn is Class II. Term expiring 2025; nominee for term through 2028. Majority voting standard with resignation policy on failure to receive a majority.
Committee assignments (2024): Member, Leadership Development, Inclusion & Compensation Committee (chair: Alfred Lin). The committee held 4 meetings in 2024. Blackburn also appears on the Compensation Committee Report signature line (with Lin and Still).
Attendance: In 2024, the Board met 4 times; each director attended at least 75% of Board and applicable committee meetings during their service period. All directors attended the 2024 annual meeting. Compensation Committee met 4 times; Audit 5; Nominating & Corporate Governance 3.
Lead Independent Director: Shona L. Brown.

Fixed Compensation

Item	Amount	Period/Effective date	Notes
Annual cash retainer (policy)	$60,000	Current policy	Paid quarterly, no per‑meeting fees.
Chair adders (policy)	$40,000 (Chair); $40,000 (Lead Independent Director); $20,000 (Audit Chair); $15,000 (Comp Chair); $5,000 (Nominating Chair)	Effective Jun 20, 2024 changes approved	Blackburn is not a chair.
Fees Earned (Blackburn)	$35,833	FY2024	Pro‑rated for service starting May 2024.

Performance Compensation

Award	Grant date	Shares/Units	Grant-date fair value	Vesting	Notes
Initial RSU (New Director Award)	6/20/2024	1,869	Included in 2024 total $545,760	1/48 immediately; remainder monthly over 48 months beginning 7/1/2024, service-based	Time-based only; no performance metrics.
Pro‑rated Annual RSU	6/20/2024	2,495	Included in 2024 total $545,760	100% on earlier of 6/20/2025 or day prior to 2025 annual meeting, service-based	Time-based only.
Pro‑rated Annual RSU (additional small lot)	6/20/2024	275	Included in 2024 total $545,760	Same as above	Time-based only.
Total Stock Awards (Blackburn)	—	—	$545,760 (FY2024)	—	Aggregate grant-date fair value under ASC 718.
Annual RSU policy	Annual Meeting date	Value-based $275,000	Policy	Vests one year or until next annual meeting (earlier).
Initial RSU policy	First trading day on/after 20th day of following month	$250,000 + pro-rated portion of $275,000	Policy	New Director Award monthly over 48 months; pro-rated Annual Award one year or until next annual meeting (earlier).
Options	—	—	—	None granted	Company indicates no option grants to execs since 2018; directors receive RSUs per policy.

No performance-vesting metrics apply to non-employee director equity; all awards are time-based under the director policy.

Other Directorships & Interlocks

Topic	Detail
Current public boards	Roku, Inc. (since Jun 2023).
Expected boards	StubHub Holdings, Inc., upon registration effectiveness.
Compensation Committee interlocks	None: no member of the Compensation Committee has been an officer/employee; no executive officer served on another company’s board/compensation committee where an executive serves on DoorDash’s board/committee.

Expertise & Qualifications

Senior leadership at Amazon across media, entertainment, advertising, and global business development; extensive M&A and corporate development expertise.
Investment experience (venture capital at Cresta Ventures and Bessemer) and prior investment banking background.
Education: A.B. Economics (Dartmouth), M.B.A. (Stanford).

Equity Ownership

Metric	Amount	As-of date	Notes
Beneficial ownership (Class A shares)	491	Mar 1, 2025	Less than 1% of outstanding; no Class B reported.
Ownership % of Class A	<1%	Mar 1, 2025	Denoted “*” in proxy as <1%.
Unvested RSUs outstanding	1,869 (monthly vesting)	Dec 31, 2024	Initial award; 1/48th immediate then monthly over 48 months from 7/1/2024.
Unvested RSUs outstanding	2,495 + 275 (annual pro‑rated)	Dec 31, 2024	100% vest on earlier of 6/20/2025 or day prior to 2025 annual meeting.
Options (exercisable/unexercisable)	None disclosed	Dec 31, 2024	No option awards in director table.
Ownership guidelines	4x annual cash retainer	Policy	Calculated using 90‑day VWAP at year-end; directors have until later of Dec 8, 2025 or fifth anniversary to comply.
Guideline status	Within permitted time to attain	Dec 31, 2024	Newer directors have time; those subject are compliant, others within grace period.
Hedging/Pledging	Prohibited for directors (no hedging or pledging)	Policy	Insider Trading Policy and governance practices prohibit these activities.

Governance Assessment

Committee role and independence: Blackburn is an independent director and active member of the Compensation Committee, which met four times in 2024 and retains an independent advisor (Semler Brossy) that provides no other services—supportive of compensation governance quality.
Attendance and engagement: Met the company’s expectation (≥75%) for Board/committee attendance during 2024 service period; attended the 2024 annual meeting—adequate engagement signal.
Alignment and incentives: Director pay is predominantly equity-based (2024: $545,760 stock awards vs. $35,833 cash, time‑based RSUs), reinforcing ownership alignment though as a new director his beneficial holdings remain small pending vesting and within policy grace period.
Shareholder protections: Majority voting with mandatory resignation if a nominee fails to receive a majority, and a prohibition on director hedging/pledging, are positive governance features.
Related-party/conflict review: Audit Committee oversees related-person transactions; the 2025 proxy’s related-party section does not disclose any transactions involving Blackburn, and the Board’s independence determination considered any such relationships.

RED FLAGS

None disclosed specific to Blackburn: no attendance shortfalls, no related‑party transactions, no hedging/pledging exceptions reported. Monitoring point: as a relatively new director (joined May 2024), equity ownership is still ramping toward guideline levels within the allowed timeframe.