Adarkar Prabir 4

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.