Summary
DoorDash, Inc. (NASDAQ: DASH) President and Chief Operating Officer Prabir Adarkar sold 15,692 shares of Class A common stock on February 20, 2026. The shares fetched $175.496 apiece, producing proceeds of approximately $2.75 million. According to the Form 4 disclosure, the disposition was carried out to satisfy tax obligations arising from the vesting of restricted stock units.
The sale took place while DoorDash shares were trading near a 52-week low of $155.40 and the stock was down roughly 27% year-to-date. The Form 4 was signed on behalf of Adarkar by Christina Whittaker, acting under power of attorney, on February 24, 2026.
After the transaction, the filing shows Adarkar directly holds 858,438 shares of DoorDash common stock, a figure that includes shares represented by restricted stock units.
Context from company results and analyst reactions
DoorDash reported fourth-quarter results that marginally exceeded expectations, with both gross order value and adjusted EBITDA coming in about 1% above estimates. The modest beat triggered a variety of analyst price-target adjustments, reflecting differing views on valuation and growth prospects.
- DA Davidson trimmed its price target to $224 and maintained a Neutral rating, citing valuation concerns.
- Citizens reduced its target to $250 while keeping a Market Outperform rating, pointing to long-term investment potential and growth drivers.
- Benchmark lifted its target to $285, highlighting DoorDash's expansion into local commerce beyond delivery services.
- Truist Securities raised its target to $340, attributing the increase to solid fourth-quarter results and constructive guidance for the first quarter of 2026.
- Piper Sandler lowered its target to $220 on concerns about competition and execution risk, while acknowledging strong performance in the U.S. restaurant marketplace.
Collectively, these revisions present a mixed but generally optimistic analyst landscape following the quarterly report.
Valuation note
InvestingPro analysis, cited in the disclosure, indicates DoorDash appears undervalued according to its Fair Value assessment. The company’s Pro Research Report is noted as available for deeper insights, with InvestingPro providing coverage across more than 1,400 U.S. equities.
Implications for investors
The insider sale was explicitly linked to tax obligations stemming from RSU vesting rather than an open-market decision unrelated to compensation taxes. The filing and the timing of the sale coincide with a period in which the stock is trading well below its 52-week high and has declined meaningfully year-to-date.
No additional motivations, future actions, or corporate developments were disclosed in the filing beyond the details noted above.