DASH Form 4: President/COO exercises options at $7.16 and executes 10b5-1 sales
Rhea-AI Filing Summary
Reporting person: Prabir Adarkar, President and COO of DoorDash (DASH). On 09/29/2025 he exercised a stock option to acquire 30,000 Class A shares at a $7.16 exercise price and simultaneously sold 30,000 Class A shares under a Rule 10b5-1 plan.
The sales were reported as weighted-average prices in several ranges from $267.49 up to $272.59 per share; specific per-price quantities are available on request to the SEC staff. After these transactions the reporting person is shown as beneficially owning 914,547 Class A shares directly and holding 158,550 derivative securities (options) exercisable through 10/09/2028.
Positive
- Option exercise and sale fully disclosed: The Form 4 reports both the exercise (30,000 shares at $7.16) and the matching sales (30,000 shares) on the same date.
- Sales executed under a 10b5-1 plan: The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted June 6, 2024, indicating prearranged trading.
- Substantial remaining holdings: After these transactions the reporting person retains 914,547 direct Class A shares and 158,550 derivative securities.
Negative
- Insider sold 30,000 shares: The reporting person disposed of 30,000 Class A shares on 09/29/2025, which investors may view as liquidity-taking.
- Aggregate sale prices reported as ranges: Individual per-price allocations are not listed in the Form and are only available on request, limiting immediate granularity of sale timing and pricing.
Insights
TL;DR: Insider exercised low-strike options and sold an equal number of shares under a prearranged 10b5-1 plan; overall holdings remain substantial.
The Form 4 shows an option exercise of 30,000 shares at a $7.16 strike and contemporaneous sales of 30,000 Class A shares through a Rule 10b5-1 plan across several price ranges averaging approximately $267–$272. The equal size of exercise and sales implies a cashing of option value rather than a net change in share count from these events. The reporting person still holds 914,547 direct Class A shares and 158,550 options exercisable through October 9, 2028, representing continued significant insider exposure to DoorDash equity.
TL;DR: Transactions follow a documented trading plan; disclosure aligns with Section 16 requirements and includes granular sale-price ranges.
The filing discloses that the sales were effected pursuant to a 10b5-1 trading plan adopted June 6, 2024, which provides pre-clearance and timing rules for insider sales. The Form includes weighted-average sale price ranges and offers to provide per-price allocations on request, which supports transparency. Signature is provided via power of attorney, consistent with routine insider reporting practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 30,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 30,000 | $7.16 | $215K |
| Sale | Class A Common Stock | 2,200 | $268.05 | $590K |
| Sale | Class A Common Stock | 4,800 | $269.104 | $1.29M |
| Sale | Class A Common Stock | 8,201 | $269.921 | $2.21M |
| Sale | Class A Common Stock | 5,388 | $271.297 | $1.46M |
| Sale | Class A Common Stock | 9,411 | $272.144 | $2.56M |
Footnotes (1)
- Certain of these securities are represented by Restricted Stock Units. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on June 6, 2024. This sale price represents the weighted average sale price of the shares sold ranging from $267.49 to $268.45 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. This sale price represents the weighted average sale price of the shares sold ranging from $268.55 to $269.53 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. This sale price represents the weighted average sale price of the shares sold ranging from $269.56 to $270.41 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. This sale price represents the weighted average sale price of the shares sold ranging from $270.66 to $271.65 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. This sale price represents the weighted average sale price of the shares sold ranging from $271.66 to $272.59 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. The shares underlying the option are fully vested and immediately exercisable.
