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DoorDash, Inc.·4

May 28, 4:15 PM ET

Adarkar Prabir 4

4 · DoorDash, Inc. · Filed May 28, 2026

Research Summary

AI-generated summary of this filing

Updated

DoorDash COO Prabir Adarkar Sells Shares, Exercises Options

What Happened
Prabir Adarkar, President & COO of DoorDash (DASH), executed option/derivative transactions and multiple open-market sales on May 26, 2026. The filing shows he acquired 10,000 shares by exercising/ converting a derivative at $7.16 per share (cost $71,600). On the same date he sold roughly 21,739 shares in several blocks (sales ranged across different price bands) for a combined proceeds of about $3.375 million. The activity combines option exercise(s) and same-day sales rather than a straight purchase as a bullish signal.

Key Details

  • Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (timely filing).
  • Acquisitions: 10,000 shares by exercise/conversion at $7.16; total cost $71,600.
  • Dispositions (sales): 6,428 @ $153.92 ($989,378); 9,210 @ $155.25 ($1,429,899); 3,900 @ $156.10 ($608,798); 900 @ $157.02 ($141,321); 1,300 @ $158.07 ($205,486); 1 @ $161.05 ($161). Total ≈ 21,739 shares for ≈ $3.375M.
  • There is an additional derivative entry showing 10,000 shares "disposed" at $0 in the filing (reported as a conversion/exercise line). Footnote F8 notes the option shares were fully vested and immediately exercisable. Footnote F1 indicates some securities are represented by Restricted Stock Units.
  • Sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 3, 2025 (F2). Several sale lines report weighted-average price ranges (F3–F7); the reporting person will provide a price-by-price breakdown on request.
  • Filing status: appears timely (filed two days after the transactions); no late filing flag reported.

Context

  • The filing shows options/derivatives were exercised and shares were sold the same day. That pattern is commonly consistent with a cashless exercise or an immediate disposition to cover exercise cost/taxes, but the Form 4 does not specify the exact mechanics.
  • Transaction codes: M = option exercise/conversion; S = sale. Purchases are generally more informative of insider bullishness; this filing mainly reports exercised/converted shares followed by sales under a pre-established 10b5-1 plan.

Insider Transaction Report

Form 4
Period: 2026-05-26
DoorDash, Inc.DASH
Adarkar Prabir
PRESIDENT AND COO
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-05-26$7.16/sh+10,000$71,600→ 980,815 total
  • Sale

    Class A Common Stock

    [F2][F3][F1]
    2026-05-26$153.92/sh−6,428$989,378→ 974,387 total
  • Sale

    Class A Common Stock

    [F2][F4][F1]
    2026-05-26$155.25/sh−9,210$1,429,899→ 965,177 total
  • Sale

    Class A Common Stock

    [F2][F5][F1]
    2026-05-26$156.10/sh−3,900$608,798→ 961,277 total
  • Sale

    Class A Common Stock

    [F2][F6][F1]
    2026-05-26$157.02/sh−900$141,321→ 960,377 total
  • Sale

    Class A Common Stock

    [F2][F7][F1]
    2026-05-26$158.07/sh−1,300$205,486→ 959,077 total
  • Sale

    Class A Common Stock

    [F2][F1]
    2026-05-26$161.05/sh−1$161→ 959,076 total
  • Exercise/Conversion

    Stock Option (right to buy)

    [F8]
    2026-05-26−10,000→ 43,550 total
    Exercise: $7.16Exp: 2028-10-09→ Class A Common Stock (10,000 underlying)
Footnotes (8)
  • [F1]Certain of these securities are represented by Restricted Stock Units.
  • [F2]The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025.
  • [F3]This sale price represents the weighted average sale price of the shares sold ranging from $153.52 to $154.44 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  • [F4]This sale price represents the weighted average sale price of the shares sold ranging from $154.63 to $155.61 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  • [F5]This sale price represents the weighted average sale price of the shares sold ranging from $155.63 to $156.55 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  • [F6]This sale price represents the weighted average sale price of the shares sold ranging from $156.63 to $157.60 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  • [F7]This sale price represents the weighted average sale price of the shares sold ranging from $157.68 to $158.39 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
  • [F8]The shares underlying the option are fully vested and immediately exercisable.
Signature
/s/ Christina Whittaker, by power of attorney|2026-05-28

Documents

1 file
  • 4
    form4-05282026_040510.xmlPrimary