DoorDash (DASH) president sells 21,739 shares under 10b5-1 plan
Rhea-AI Filing Summary
DoorDash, Inc. president and COO Prabir Adarkar reported a mix of stock sales and an option exercise. On May 26, 2026, he sold a total of 21,739 shares of Class A common stock in multiple open-market transactions at prices generally between about $153.92 and $161.05 per share. He also exercised stock options covering 10,000 shares at an exercise price of $7.16 per share, increasing his direct holdings. After these transactions, he directly held 980,815 shares of Class A common stock and 43,550 stock options. The company notes the sales were effected under a Rule 10b5-1 trading plan adopted on June 3, 2025, indicating they were pre-scheduled rather than discretionary.
Positive
- None.
Negative
- None.
Insights
Routine 10b5-1 option exercise and net share sale with sizable stake retained.
DoorDash’s president and COO, Prabir Adarkar, exercised options for 10,000 shares at an exercise price of $7.16 and sold 21,739 shares of Class A common stock in open-market trades on May 26, 2026. All reported trades are coded as sales or derivative exercises.
The filing states the sales were made under a Rule 10b5-1 trading plan adopted on June 3, 2025, suggesting a pre-arranged schedule rather than opportunistic timing. After these moves, he still holds 980,815 shares directly, plus 43,550 stock options, indicating a substantial continuing equity position.
This combination fits a common pattern where executives periodically exercise vested options and sell a portion of shares for liquidity while maintaining large ongoing exposure. The filing does not provide comparisons to prior holdings or any change in role or company outlook, so the informational impact is limited.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 10,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,000 | $7.16 | $72K |
| Sale | Class A Common Stock | 6,428 | $153.917 | $989K |
| Sale | Class A Common Stock | 9,210 | $155.255 | $1.43M |
| Sale | Class A Common Stock | 3,900 | $156.102 | $609K |
| Sale | Class A Common Stock | 900 | $157.023 | $141K |
| Sale | Class A Common Stock | 1,300 | $158.066 | $205K |
| Sale | Class A Common Stock | 1 | $161.05 | $161.05 |
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 3, 2025. This sale price represents the weighted average sale price of the shares sold ranging from $153.52 to $154.44 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 $154.63 to $155.61 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 $155.63 to $156.55 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 $156.63 to $157.60 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 $157.68 to $158.39 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.