Grab (NASDAQ: GRAB) officer nets shares and sells 38K under plan
Rhea-AI Filing Summary
Grab Holdings Ltd Chief Org Capability Officer Ong Chin Yin reported option exercises, tax share surrenders, and an open-market sale of Class A ordinary shares. Ong exercised stock options for 5,486 shares at $0.60 and 1,988 shares at $0.48 per share, using net exercise arrangements with the company.
According to the footnotes, Ong received 1,728 and 4,590 Class A ordinary shares from these net exercises and surrendered 260 and 896 shares, respectively, to cover the option exercise price based on a closing stock price of $3.67. Ong also sold 38,000 Class A ordinary shares at a weighted average price of $3.5896 per share under a pre-arranged Rule 10b5-1(c) plan. Following these transactions, Ong directly holds 3,822,988 Class A ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 1,988 | $0.00 | -- |
| Exercise | Stock Option (right to buy) | 5,486 | $0.00 | -- |
| Sale | Class A Ordinary Shares | 38,000 | $3.5896 | $136K |
| Exercise | Class A Ordinary Shares | 1,988 | $0.48 | $954.24 |
| Tax Withholding | Class A Ordinary Shares | 260 | $3.67 | $954.20 |
| Exercise | Class A Ordinary Shares | 5,486 | $0.60 | $3K |
| Tax Withholding | Class A Ordinary Shares | 896 | $3.67 | $3K |
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 $$3.55 to $$3.63, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price in those transactions. This was a net exercise of these options with the Issuer and no market transaction was made. The Reporting Person received 1,728 Class A ordinary shares upon net exercise of these options. The Reporting Person surrendered 260 Class A ordinary shares to cover the option exercise price based on the closing stock price of the Issuer on May 1, 2026, of $3.67. This was a net exercise of these options with the Issuer and no market transaction was made. The Reporting Person received 4,590 Class A ordinary shares upon net exercise of these options. The Reporting Person surrendered 896 Class A ordinary shares to cover the option exercise price based on the closing stock price of the Issuer on May 1, 2026, of $3.67.