Uber Insider Files Sale of 93,750 Shares After Option Exercise

Rhea-AI Filing Summary

Uber Technologies, Inc. reported a Form 144 notice for a proposed sale of common stock. The filing shows 93,750 shares to be sold through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $9,235,312.50. The filer indicates these shares were acquired on 09/22/2025 by exercise of stock options and paid for in cash on the same date.

The filing also discloses recent Rule 10b5-1 sales by the same beneficial owner: 3,125 shares on 09/18/2025 (gross proceeds $293,562.50) and 3,125 shares on 08/26/2025 (gross proceeds $296,875.00). The document includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Securities were acquired by exercise of stock options and paid in cash, indicating clear provenance of the shares
• Broker and exchange are identified (Morgan Stanley Smith Barney LLC; NYSE), supporting orderly disposition

Negative

• Proposed sale of 93,750 common shares with an aggregate market value of $9,235,312.50 could be viewed negatively by some investors
• Recent 10b5-1 sales (3,125 shares on 09/18/2025 and 3,125 shares on 08/26/2025) show ongoing insider selling activity

Insights

Securities Analyst

TL;DR: Insider exercised options and filed to sell 93,750 Uber shares valued at $9.24M; recent 10b5-1 sales are small and routine.

The filing documents a routine post-exercise disposition: the beneficial owner exercised stock options and intends to sell the resulting shares through a broker on the NYSE. The size and timing suggest liquidity management rather than a corporate event. Prior 10b5-1 sales in August and September are disclosed, showing an established trading pattern. This filing alone provides limited information on company fundamentals.

Corporate Governance Expert

TL;DR: The disclosure meets Rule 144 requirements; the seller affirms no undisclosed material adverse information and cites a 10b5-1 trading history.

The notice properly identifies acquisition by option exercise and an intent to sell under Rule 144, with broker details and market value. The representation about material information and the recording of 10b5-1 sales indicate compliance with insider-trading procedures. From a governance perspective, the filing is a standard transparency disclosure without new governance concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	93750	9235312.50	2085418676	09/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/22/2025	Exercise of Stock Options	Issuer			93750	09/22/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for DEREK ANTHONY WEST 1725 3rd Street San Francisco CA 94158	Common	09/18/2025	3125	293562.50
10b5-1 Sales for DEREK ANTHONY WEST 1725 3rd Street San Francisco CA 94158	Common	08/26/2025	3125	296875.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Uber's (UBER) Form 144 disclose about the proposed sale?

The Form 144 reports a proposed sale of 93,750 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $9,235,312.50.

How were the shares acquired that are being proposed for sale?

The shares were acquired on 09/22/2025 by exercise of stock options and paid for in cash on the same date.

Did the filer make any recent sales of Uber shares?

Yes. The filing discloses Rule 10b5-1 sales by the same beneficial owner: 3,125 shares on 09/18/2025 (gross proceeds $293,562.50) and 3,125 shares on 08/26/2025 (gross proceeds $296,875.00).

Which broker will handle the proposed sale of UBER shares?

The broker named in the filing is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY.

Does the filing state whether the seller knows of undisclosed material information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.