[Form 4] Schneider National, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Uber Technologies, Inc. (UBER) has filed a Form 4 revealing that director Nikesh Arora was granted 55 restricted stock units (RSUs) on 10 July 2025 under the company’s RSU Conversion and Deferral Program for Directors. These RSUs were 100% vested at grant and carry a $0.00 exercise price; they will settle on a one-for-one basis in either cash or common stock when Arora’s board service ends, at Uber’s discretion. No open-market transactions, purchases, or sales occurred, and Arora’s direct beneficial ownership now stands at 55 derivative securities representing common shares. The award is part of routine director compensation and is immaterial to Uber’s share count or earnings, implying a neutral effect on near-term investor considerations.

Insights

Corporate Governance Analyst

TL;DR: Routine 55-RSU grant to director; negligible financial impact and neutral governance signal.

The Form 4 discloses a standard equity award to board member Nikesh Arora. With only 55 RSUs issued, the monetary value is de minimis relative to Uber’s multi-billion-share float, resulting in no dilution or earnings implications. The grant is fully vested, which aligns with many director compensation structures aimed at ensuring board alignment without long-term vesting schedules. Because settlement occurs at termination of service, it neither signals insider sentiment nor alters current supply-demand dynamics for UBER stock. Overall, investors should view the filing as a compliance event rather than a catalyst.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GIERTZ JAMES R

(Last) (First) (Middle)

3101 SOUTH PACKERLAND DRIVE

(Street)

GREEN BAY WI 54313

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Schneider National, Inc. [ SNDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	07/10/2025		A		15.07(1)	A	$26.92	61,698.27	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These deferred stock units were acquired pursuant to a previously available dividend reinvestment feature of the Schneider National, Inc. Director Deferred Compensation Program. The units will be settled in shares of Class B common stock in accordance with the terms of the Program.

Remarks:

	Thomas Jackson by POA for James Giertz	07/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Uber (UBER) shares did Nikesh Arora acquire?

He received 55 restricted stock units, convertible one-for-one into common stock or cash.

When were the RSUs granted to Nikesh Arora?

The RSUs were granted on July 10, 2025.

Are the granted RSUs vested?

Yes, the RSUs were 100% vested at the date of grant.

Did the Form 4 report any open-market purchases or sales?

No. The filing only reports the RSU grant; no shares were bought or sold.

When will the RSUs be paid out?

They become payable in cash or common stock upon the director’s termination of service, at Uber’s election.