Grab (NASDAQ: GRAB) CEO sells 400,000 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grab Holdings Ltd Chief Executive Officer Anthony Tan converted 800,000 Class B Ordinary Shares into 800,000 Class A Ordinary Shares, then sold 400,000 Class A shares in an open-market transaction at a weighted average price of $3.5099 per share.
The sale was executed under a pre-arranged Rule 10b5-1(c) trading plan. Following these transactions, Tan holds 425,193 Class A Ordinary Shares and 75,825,133 Class B Ordinary Shares, with each Class B share convertible into one Class A share and having no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 400,000 shares ($1,403,960)
Net Sell
3 txns
Insider
Tan Anthony Ping Yeow
Role
Chief Executive Officer
Sold
400,000 shs ($1.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares | 400,000 | $3.5099 | $1.40M |
| Conversion | Class B Ordinary Shares | 800,000 | $0.00 | -- |
| Conversion | Class A Ordinary Shares | 800,000 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 425,193 shares (Direct, null);
Class B Ordinary Shares — 75,825,133 shares (Direct, null)
Footnotes (1)
- Represents shares sold pursuant to a Rule 10b5-1(c) plan that was adopted by the Reporting Person on November 11, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.50 to $3.54, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price in those transactions. Each Class B Ordinary Share is convertible into one Class A Ordinary Share at the option of the holder and has no expiration date.
Key Figures
Open-market sale: 400,000 shares at $3.5099
Conversion to Class A: 800,000 shares
Class A holdings after: 425,193 shares
+3 more
6 metrics
Open-market sale
400,000 shares at $3.5099
Class A Ordinary Shares sold in open market
Conversion to Class A
800,000 shares
Class B Ordinary Shares converted into Class A Ordinary Shares
Class A holdings after
425,193 shares
Class A Ordinary Shares held after transactions
Class B holdings after
75,825,133 shares
Class B Ordinary Shares held after conversion
Sale price range
$3.50–$3.54
Price range for multiple sale transactions on sale date
Trading plan adoption date
November 11, 2025
Date CEO adopted Rule 10b5-1(c) plan used for sale
Key Terms
Rule 10b5-1(c) plan, weighted average price, Class B Ordinary Share, derivative security
4 terms
Rule 10b5-1(c) plan regulatory
"Represents shares sold pursuant to a Rule 10b5-1(c) plan that was adopted..."
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
derivative security financial
"transaction_code_description": "Conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Grab (GRAB) CEO Anthony Tan report in this Form 4 filing?
Anthony Tan reported converting 800,000 Class B Ordinary Shares into Class A shares, then selling 400,000 Class A Ordinary Shares in the open market. The transactions update his direct equity position in Grab Holdings Ltd.
How does the Form 4 describe the nature of the Grab (GRAB) CEO’s sale?
The Form 4 characterizes the sale as an open-market or private transaction, coded as “S.” It specifies a weighted average sale price and offers to provide detailed trade breakdowns upon request to shareholders or regulators.