DASH Form 144: Insider proposes $17.8M sale after option exercise and RSU vesting

Rhea-AI Filing Summary

Form 144 filed for DoorDash, Inc. (DASH) reports a proposed sale of Class A common shares by Prabir Adarkar. The filing shows 71,881 shares offered through Morgan Stanley Smith Barney LLC on 08/25/2025 with an aggregate market value of $17,777,608.92 and the shares outstanding cited as 402,361,247. The securities were acquired most recently via exercise of stock options (60,000 shares on 08/25/2025) and restricted stock units (11,881 shares on 08/20/2025). The filing also lists sales by the same person in the past three months: 16,126 shares sold 08/20/2025 for $3,840,997.29 and two 10b5-1 plan sales of 30,000 shares each on 07/24/2025 and 06/27/2025 for $7,290,720.50 and $7,213,961.00 respectively. The filer attests there is no undisclosed material adverse information and notes the 10b5-1 plan sales where applicable.

Positive

• Prior 10b5-1 sales are disclosed (07/24/2025 and 06/27/2025), indicating structured, pre-planned dispositions
• Acquisitions are disclosed as exercise of stock options and restricted stock units, showing proceeds are from compensation vesting

Negative

• Large proposed sale of 71,881 shares valued at $17,777,608.92 could increase share supply in the market
• Multiple recent sales in the past three months totaling 76,126 shares were executed, indicating ongoing insider liquidity events

Insights

Securities Analyst

TL;DR: An insider proposes a sizable immediate sale after recent option exercise and RSU vesting; past 10b5-1 sales suggest planned dispositions.

The filing documents a proposed disposition of 71,881 Class A shares valued at $17.78 million through Morgan Stanley. The shares were acquired via option exercise and RSU vesting in late August 2025, indicating realization of compensation. Recent executed sales totaling 76,126 shares across June–August 2025 (including two 10b5-1 plan sales) show ongoing liquidity events by the same person. For investors, this is a factual disclosure of insider selling activity; its materiality depends on context relative to total outstanding shares and market liquidity.

Corporate Governance Expert

TL;DR: Insider sale follows standard compliance steps with 10b5-1 notation and the required attestation; disclosure is routine.

The form includes the standard attestation that no undisclosed material adverse information exists and identifies prior 10b5-1 sales, which demonstrates use of structured trading plans for some transactions. The filing records acquisition method (options and RSUs) and sale logistics (broker, exchange), meeting regulatory disclosure expectations. From a governance perspective this is a routine insider filing documenting compensation realization and subsequent planned sales.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	71881	17777608.92	402361247	08/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	08/25/2025	Exercise of Stock Options	Issuer			60000	08/25/2025	Cash
Class A Common	08/20/2025	Restricted Stock Units	Issuer			11881	08/20/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
PRABIR ADARKAR 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Common	08/20/2025	16126	3840997.29
10b5-1 Sales for PRABIR ADARKAR 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	07/24/2025	30000	7290720.50
10b5-1 Sales for PRABIR ADARKAR 303 2nd Street, South Tower, 8th Floor San Francisco CA 94107	Class A Common	06/27/2025	30000	7213961.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

Who is proposing to sell shares in this Form 144 for DoorDash (DASH)?

The filing identifies Prabir Adarkar as the person for whose account the securities are to be sold.

How many DoorDash (DASH) shares are proposed for sale and what is their value?

The proposed sale is 71,881 Class A shares with an aggregate market value of $17,777,608.92.

How were the shares being sold acquired?

The filing shows acquisition by exercise of stock options (60,000 shares on 08/25/2025) and restricted stock units (11,881 shares on 08/20/2025).

Were there any sales by the same person in the past three months?

Yes: 16,126 shares sold on 08/20/2025 for $3,840,997.29, and two 10b5-1 sales of 30,000 shares on 07/24/2025 and 06/27/2025 for $7,290,720.50 and $7,213,961.00 respectively.

Which broker and exchange are being used for the proposed sale?

The broker is Morgan Stanley Smith Barney LLC and the sale is to occur on NASDAQ.