Adarkar Prabir 4

What Happened

• Prabir Adarkar, President and COO of DoorDash (DASH), exercised 15,000 option-derived shares at $7.16 per share (cost $107,400) on Jan 20, 2026, and sold 15,000 shares that same day in multiple open-market transactions for total proceeds of about $3.07 million. The transactions are reported as M (exercise/conversion) and S (sales).

Key Details

• Transaction date: January 20, 2026 (Form 4 filed Jan 22, 2026 — filing appears timely).
• Exercise: 15,000 shares at $7.16 each; aggregate exercise cost $107,400. Footnote F10: the option shares were fully vested and immediately exercisable.
• Sales: seven open-market sale lots totaling 15,000 shares with weighted sale prices in ranges from ~$200.48 to ~$207.60 per share (see footnotes F3–F9 for price ranges). Aggregate sale proceeds ≈ $3,068,869.
• Footnotes of note: F2 — sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 3, 2025; F1 — some securities are represented by restricted stock units (RSUs).
• Shares owned after transaction: not provided in the summary data here — see the Form 4 for current holdings.
• Transaction codes: M = exercise/conversion of derivative; S = open-market sale.

Context

• The sequence (exercise of options followed by same-day sales) is effectively an exercise-plus-sell pattern (often used to cover exercise cost/taxes or to monetize vested options); this filing simply reports those actions. The sales were executed under a pre-established 10b5-1 plan (per F2), which is a common mechanism for scheduled insider sales. There is no implication about future company performance from these routine insider transactions — the Form 4 is a disclosure of the insider’s trades.