Adarkar Prabir 4

What Happened
Prabir Adarkar, President and COO of DoorDash (DASH), reported exercising/ converting derivative securities and selling shares on March 23, 2026. He exercised or converted 10,000 shares at $7.16 (cost $71,600) and also reported a conversion/disposition of 10,000 shares with $0.00 proceeds (derivative). Separately, he sold a total of 10,000 shares in two open-market transactions—5,721 shares at a weighted average of $158.70 (proceeds $907,911) and 4,279 shares at a weighted average of $159.34 (proceeds $681,833)—totaling approximately $1,589,744.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026.
• Sales: 5,721 shares @ $158.70 (weighted avg; range $158.20–$159.19 per F3) = $907,911; 4,279 shares @ $159.34 (weighted avg; range $159.20–$160.00 per F4) = $681,833. Total sales ≈ $1,589,744.
• Exercise/conversion: 10,000 shares acquired @ $7.16 = $71,600; additional derivative disposition of 10,000 shares reported at $0.00.
• Footnotes: some securities are represented by Restricted Stock Units (F1); sales were effected under a Rule 10b5-1 trading plan adopted June 3, 2025 (F2); options underlying the exercise are fully vested and immediately exercisable (F5).
• Shares owned after the transactions: not specified in the Form 4 filing.

Context

• The filing shows both an option exercise/conversion and same-day open-market sales; the sales were executed pursuant to a pre-established 10b5-1 plan (per F2).
• Exercises increase insider ownership (subject to any subsequent sales); routine sales under 10b5-1 plans are commonly scheduled and should not be taken alone as a signal of sentiment.
• The $0.00 derivative disposition likely reflects a non-cash conversion/transfer of derivative securities; the filing does not provide further detail.