DoorDash (DASH) President & COO Prabir Adarkar Sells 8,738 Shares

What Happened

• Prabir Adarkar, DoorDash’s President and COO, sold a total of 8,738 shares in open-market/private sales on September 28, 2026, generating roughly $1,580,252 in proceeds. The sale was reported on Form 4 filed September 30, 2026.
• Individual reported lots:
  • 1,638 shares @ $178.54 = $292,445
  • 1,900 shares @ $179.44 = $340,928
  • 1,500 shares @ $180.68 = $271,016
  • 1,900 shares @ $181.61 = $345,059
  • 1,200 shares @ $182.77 = $219,328
  • 300 shares @ $183.65 = $55,094
  • 100 shares @ $184.49 = $18,449
  • 100 shares @ $188.95 = $18,895
  • 100 shares @ $190.38 = $19,038
• These are sales (S) — not purchases or option exercises — and thus are typically routine dispositions rather than new equity purchases.

Key Details

• Transaction date: 2026-09-28; Form 4 filed: 2026-09-30 (timely filing—within the usual 2 business-day window).
• Total shares sold: 8,738; approximate proceeds: $1,580,252.
• Footnotes: F1 — sales effected under a Rule 10b5-1 trading plan adopted May 21, 2026. F3 — some securities sold were represented by Restricted Stock Units (RSUs). F2, F4–F8 — several lots report weighted‑average sale price ranges; the filer says a full breakdown by price is available on request.
• Shares owned after transaction: not specified in the excerpt provided (see the full Form 4 for post-transaction beneficial ownership).
• Filing timeliness: Not reported as late.

Context

• Sales under a pre-established 10b5-1 plan are commonly used by insiders to systematically sell shares and are considered routine; they do not necessarily indicate the insider’s current view of the company. For retail investors, purchases typically carry more positive informational weight than routine insider sales.