Adarkar Prabir 4

What Happened
Prabir Adarkar, DoorDash’s President and COO, completed an options exercise and multiple open-market sales on February 24, 2026. The filing shows he exercised/converted 10,000 derivative shares at $7.16 (cost ~$71,600). On the same day he sold 24,760 shares in multiple open-market transactions for aggregate proceeds of about $4,099,214. The Form 4 also reports a disposition of 10,000 derivative shares at $0.00 (reported as a derivative transaction).

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (filed two days after the trades).
• Open-market sales (selected blocks reported):
  • 560 sh @ $161.80 = $90,610
  • 650 sh @ $162.94 = $105,909
  • 4,930 sh @ $164.40 = $810,477
  • 8,853 sh @ $165.31 = $1,463,516
  • 7,578 sh @ $166.10 = $1,258,713
  • plus smaller blocks totaling 24,760 shares and ~$4.10M in proceeds.
• Option exercise/acquisition: 10,000 sh @ $7.16 = $71,600 (code M).
• Derivative disposition: 10,000 sh @ $0.00 reported (code M).
• Footnotes of note:
  • F2: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 3, 2025.
  • F1: Some shares are represented by Restricted Stock Units.
  • F3–F12/F10–F12: Several sale prices are shown as weighted-average ranges; detailed per-price breakdowns are available upon request to the SEC staff.
  • F13: Shares underlying the option are fully vested and immediately exercisable.
• Shares owned after transaction: Not specified in the excerpt provided.

Context

• These trades are mostly sales executed under a pre-established 10b5-1 plan (common for routine insider sales). Purchases are generally more indicative of a bullish signal; this filing is primarily disposals.
• For derivative activity: the filing shows an option exercise to acquire shares and a separate derivative disposition at $0.00; the Form 4 does not explain the mechanics (e.g., withholding or share surrender) beyond what is reported.
• No late-filing flag appears in the provided data; the Form 4 was filed two days after the reported transactions.

If you want, I can (a) calculate net change in beneficial ownership if you provide the pre-trade holdings from the Form 4, or (b) pull the full per-price breakdown referenced in the footnotes.