Summary by Moomoo AI
On December 27, 2024, Prabir Adarkar, President and COO of DoorDash, executed a series of transactions involving the company's Class A Common Stock. Adarkar first acquired 20,000 shares at $7.16 per share through the exercise of derivative securities.Subsequently, Adarkar sold a total of 20,000 shares in three separate transactions on the same day. The sales were executed at prices ranging from $167.242 to $169.014 per share, generating total proceeds of approximately $3.37 million. These transactions were completed as open market or private sales.Following these transactions, Adarkar's direct ownership of DoorDash Class A Common Stock stands at 925,222 shares. The simultaneous acquisition and disposal of shares suggest a potential exercise of stock options followed by an immediate sale, a common practice among executives for liquidity or tax planning purposes.
