Inukonda Ravi 4

What Happened

• Ravi Inukonda, DoorDash’s Chief Financial Officer, exercised options for 1,017 shares and sold those 1,017 shares in an open-market transaction on February 18, 2026.
• Exercise details: 1,017 shares exercised at $7.66 per share (cash paid $7,790). Sale details: 1,017 shares sold at $175.00 per share (gross proceeds $177,975).
• The combination of the exercise and same-day sale is effectively a cashless exercise followed by an open-market sale (a sale is usually considered routine, not necessarily a vote of confidence).

Key Details

• Transaction date: February 18, 2026. Filing date: February 20, 2026 (timely).
• Exercise price: $7.66; sale price: $175.00.
• Gross sale proceeds: $177,975; cash paid to exercise: $7,790.
• Filing notes/footnotes:
  • F2: The sale was effected under a Rule 10b5-1 trading plan adopted Sept 2, 2025 (pre-arranged plan).
  • F4: The option shares were fully vested and immediately exercisable.
  • F1/F3: Some securities involved are represented by Restricted Stock Units and some shares are held in The RK Trust (the reporting person and spouse are co‑trustees).
  • The filing also reports a derivative disposition of 1,017 shares at $0; the form does not provide additional detail on that line.
• Shares owned after the transaction: not specified in the filing.

Context

• For option exercises followed by immediate sales, the transaction often covers the exercise cost and tax obligations; here the exercise and sale occurred the same day (cashless-style). Because the sale was under a pre-established 10b5-1 plan, it was likely automated/planned rather than a discretionary trade.