DoorDash COO Prabir Adarkar sells 21,739 shares for $3.4M across 6 transactions on 2026-05-26 via 10b5-1 plan
Prabir Adarkar, President and COO of DoorDash, executed 6 separate sales totaling 21,739 shares for $3,375,042.38 on 2026-05-26 as part of a pre-arranged 10b5-1 trading plan adopted on 2025-06-03. This scheduled disposition reduced his non-derivative holdings from 980,815 shares to 959,076 shares (a -2.2% reduction), though he retains 43,550 shares in stock option form. The blended average price across the sales was $155.25, below the current price of $157.58, and notably below the 52-week high of $285.50 (current price is -44.8% from that peak). His prior 5 sales at DoorDash on 2026-04-20 showed consistent post-trade depreciation, with 30-day returns ranging from -12.9% to -15.3% and 90-day returns from -16.5% to -18.8%. The company's fundamentals remain solid—latest-quarter revenue of $4,036,000,000.00 and annual revenue growth of +27.9%—though the P/E of 71.95 reflects elevated valuation multiples. As a scheduled 10b5-1 transaction, this sale is discretion-neutral, but the pattern of prior stock weakness post-sale and the significant decline from the 52-week high merit investor attention to broader market sentiment toward the stock.