[Form 4] DoorDash, Inc. Insider Trading Activity

Rhea-AI Filing Summary

DoorDash insider activity by President & COO Prabir Adarkar: The reporting person exercised stock options and sold a block of Class A common stock on 08/25/2025. He acquired 30,000 shares via exercise of options with a $7.16 exercise price and immediately received 30,000 underlying shares; those options are fully vested. On the same date he sold a total of 41,881 Class A shares in multiple transactions executed under a Rule 10b5-1 trading plan adopted June 6, 2024, at weighted average prices ranging roughly from $243.07 to $247.50. Beneficial ownership declined from 956,428 shares to 914,547 shares following these transactions. Derivative holdings reported total 188,550 (options).

Positive

• 30,000 shares acquired by exercise of fully vested options at a $7.16 exercise price, increasing share ownership through exercised equity
• Sales executed under a Rule 10b5-1 trading plan, adopted June 6, 2024, indicating pre-planned, Rule-compliant disposition rather than ad-hoc insider selling
• Filing discloses weighted-average sale price ranges and offers to provide per-price allocation to Commission staff or shareholders, supporting transparency

Negative

• Total shares sold: 41,881 Class A shares on 08/25/2025, reducing beneficial ownership from 956,428 to 914,547 shares
• Significant realized sales at market prices (weighted averages approximately $243.07–$247.50), representing notable insider liquidity during the period

Insights

Financial Analyst

TL;DR: Routine option exercise paired with planned 10b5-1 sales reduced beneficial holdings by 41,881 shares; activity appears administrative, not strategic.

The filing shows an in-the-money exercise of 30,000 options at $7.16, which increases immediately exercisable share exposure while realizing intrinsic value given market prices above $240. Concurrent sales of 41,881 Class A shares executed under a pre-established Rule 10b5-1 plan generated proceeds at weighted average prices between about $243 and $247. Sales reduced reported beneficial ownership from 956,428 to 914,547 shares. For investors, this is a creditable disclosure of routine executive liquidity rather than an operational signal because the sales were executed under a documented trading plan.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 norms; use of 10b5-1 plan and POA signature are standard governance practices.

The Form 4 indicates the reporting person used a Rule 10b5-1 plan adopted on June 6, 2024, and the form is signed by a power of attorney, consistent with common insider-reporting procedures. The filing explicitly notes the option shares are fully vested and exercisable, and provides weighted-average sale price ranges with offer to provide per-price details on request. From a governance perspective, the filing contains required specificity and transparency about the timing, method, and pricing of transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Adarkar Prabir

(Last) (First) (Middle)

303 2ND STREET, SOUTH TOWER

8TH FLOOR

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DoorDash, Inc. [ DASH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND COO

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/25/2025		M		30,000	A	$7.16	956,428(1)	D
Class A Common Stock	08/25/2025		S(2)		1,600	D	$243.462(3)	954,828(1)	D
Class A Common Stock	08/25/2025		S(2)		10,894	D	$244.95(4)	943,934(1)	D
Class A Common Stock	08/25/2025		S(2)		13,649	D	$245.821(5)	930,285(1)	D
Class A Common Stock	08/25/2025		S(2)		15,238	D	$246.648(6)	915,047(1)	D
Class A Common Stock	08/25/2025		S(2)		500	D	$247.372(7)	914,547(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$7.16	08/25/2025		M			30,000	(8)	10/09/2028	Class A Common Stock	30,000	$0	188,550	D

Explanation of Responses:

1. Certain of these securities are represented by restricted stock units.

2. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on June 6, 2024.

3. This sale price represents the weighted average sale price of the shares sold ranging from $243.07 to $243.97 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

4. This sale price represents the weighted average sale price of the shares sold ranging from $244.29 to $245.28 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

5. This sale price represents the weighted average sale price of the shares sold ranging from $245.29 to $246.26 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

6. This sale price represents the weighted average sale price of the shares sold ranging from $246.30 to $247.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

7. This sale price represents the weighted average sale price of the shares sold ranging from $247.34 to $247.50 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

8. The shares underlying the option are fully vested and immediately exercisable.

	/s/ Kimberly Hackman, by power of attorney	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did DoorDash (DASH) insider Prabir Adarkar report on 08/25/2025?

The filing reports exercise of options to acquire 30,000 shares at a $7.16 exercise price and the sale of 41,881 Class A shares in multiple transactions on 08/25/2025.

Were the sales by the reporting person pre-planned?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on June 6, 2024, as stated in the Form 4.

How did these transactions change the insider's ownership of DASH?

Beneficial ownership declined from 956,428 shares to 914,547 shares following the reported transactions.

What prices were the shares sold at?

The Form 4 reports weighted-average sale price ranges for the transactions approximately between $243.07 and $247.50 and provides to the Commission or shareholders per-price allocations on request.

Are the exercised options vested and exercisable?

Yes. The filing states the shares underlying the option are fully vested and immediately exercisable.