DoorDash CEO Sells Portion of Shares Worth 200 Billion Won

DoorDash, Inc. (NASDAQ: DASH) President and COO Praveer Adharkar exercised 10,000 stock options under a pre-established Rule 10b5-1 plan on April 20, acquiring an equal number of Class A common shares and immediately selling them at approximately $182–$191 per share, generating about $1.9 million (roughly KRW 2.8 billion). On the same day, he was granted an additional 144,263 RSU-based Class A common shares, which will vest quarterly over the next four years. Previously, on March 23, he had exercised another 10,000 stock options at the same strike price and sold those shares at about $159 each; even after these transactions, his remaining stake is valued at approximately $134.5 million (around KRW 180 billion).

Co-founder and Chief Product Officer Stanley Tang also received roughly 24,000 Class A common shares in the form of RSUs on April 20, bringing his direct holdings to about 43,000 shares. A portion of these shares will vest quarterly over two- and four-year periods.

Recently, DoorDash has expanded its payments and fintech experimentation—such as proposing to pay delivery partners in stablecoins to accelerate settlements—and in Q4 2025 recorded year-over-year growth of about 30% in both order count and revenue, maintaining double-digit expansion.

Founded in 2013 in the United States, DoorDash began as an on-demand food delivery platform and has since broadened its services to include groceries and retail, growing into a global delivery and commerce group active in more than 40 countries. Praveer Adharkar serves as President and COO, overseeing daily operations, while Stanley Tang, as co-founder and Chief Product Officer, leads platform management and product strategy across new business initiatives.