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

Securities Analyst

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.

Corporate Governance Expert

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.

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

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

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)
09/29/2025

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	09/29/2025		M		30,000	A	$7.16	944,547(1)	D
Class A Common Stock	09/29/2025		S(2)		2,200	D	$268.05(3)	942,347(1)	D
Class A Common Stock	09/29/2025		S(2)		4,800	D	$269.104(4)	937,547(1)	D
Class A Common Stock	09/29/2025		S(2)		8,201	D	$269.921(5)	929,346(1)	D
Class A Common Stock	09/29/2025		S(2)		5,388	D	$271.297(6)	923,958(1)	D
Class A Common Stock	09/29/2025		S(2)		9,411	D	$272.144(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	09/29/2025		M			30,000	(8)	10/09/2028	Class A Common Stock	30,000	$0	158,550	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 $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.

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.

5. 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.

6. 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.

7. 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.

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

	/s/ Kimberly Hackman, by power of attorney	10/01/2025
	** 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.
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FAQ

What transactions did Prabir Adarkar report on the Form 4 for DASH?

The Form 4 reports that on 09/29/2025 Mr. Adarkar exercised 30,000 options at a $7.16 exercise price and sold 30,000 Class A shares under a Rule 10b5-1 plan.

How many DASH shares does the reporting person hold after these transactions?

Following the reported transactions the Form shows 914,547 direct Class A shares beneficially owned and 158,550 derivative securities (options) exercisable through 10/09/2028.

At what prices were the DASH shares sold?

Sales were reported as weighted-average prices in ranges: $267.49–$268.45, $268.55–$269.53, $269.56–$270.41, $270.66–$271.65, and $271.66–$272.59; detailed per-price allocations are available upon request.

Were the sales part of a prearranged plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on June 6, 2024.

Are the option shares immediately exercisable?

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