Adarkar Prabir 4

What Happened

• Prabir Adarkar, President and COO of DoorDash (DASH), sold 17,126 shares on May 20, 2026. The shares were sold at $155.59 per share for a total of $2,664,600. The Form 4 reports the sale as an open market/private sale (code S) and indicates the sale was to cover tax obligations tied to RSU vesting.

Key Details

• Transaction date: May 20, 2026; filing date: May 22, 2026 (appears timely under Form 4 rules).
• Price per share: $155.59; total proceeds: $2,664,600.
• Transaction type/code: Sale (S) — reported as open market or private sale.
• Footnotes: F1 — shares sold to cover tax obligations in connection with RSU vesting; F2 — certain securities represented by RSUs.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This sale was executed to satisfy tax withholding related to restricted stock units (RSUs), which is a common administrative/compensation-driven transaction rather than an overt vote of confidence or concern about the company’s outlook. Such tax-withholding sales are routine for executives receiving equity compensation.