Uber (NYSE: UBER) CEO converts RSUs to stock as shares withheld for taxes
Rhea-AI Filing Summary
Uber Technologies, Inc. reported that Chief Executive Officer Dara Khosrowshahi had multiple restricted stock unit (RSU) awards vest on March 16, 2026, which were converted into shares of common stock on a one-for-one basis. These transactions are coded as derivative exercises on the Form 4.
In total, 496,958 RSUs were exercised into common shares, increasing his equity position, while 253,700 common shares were automatically withheld at a price of $74.66 per share to cover tax obligations tied to the vesting. After these compensation-related and tax-withholding entries, Khosrowshahi directly holds 1,225,802 shares of Uber common stock, with no remaining RSUs from this group shown in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,026 | $0.00 | -- |
| Exercise | Restricted Stock Units | 18,898 | $0.00 | -- |
| Exercise | Restricted Stock Units | 33,560 | $0.00 | -- |
| Exercise | Restricted Stock Units | 35,433 | $0.00 | -- |
| Exercise | Restricted Stock Units | 389,041 | $0.00 | -- |
| Exercise | Common Stock | 20,026 | $0.00 | -- |
| Exercise | Common Stock | 18,898 | $0.00 | -- |
| Exercise | Common Stock | 33,560 | $0.00 | -- |
| Exercise | Common Stock | 35,433 | $0.00 | -- |
| Exercise | Common Stock | 389,041 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,224 | $74.66 | $763K |
| Tax Withholding | Common Stock | 9,648 | $74.66 | $720K |
| Tax Withholding | Common Stock | 17,133 | $74.66 | $1.28M |
| Tax Withholding | Common Stock | 18,089 | $74.66 | $1.35M |
| Tax Withholding | Common Stock | 198,606 | $74.66 | $14.83M |
Footnotes (1)
- Restricted stock units (RSUs) convert into common stock on a one-for-one basis. Shares withheld to satisfy tax liability upon vesting of RSUs on March 16, 2026. The reporting person was granted 80,102 RSUs on March 3, 2025. The vesting schedule is as follows: 1/4 of the total RSUs vest on March 16, 2026 and 1/4 of the total RSUs vest on each anniversary thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer. The reporting person was granted 75,594 RSUs on March 1, 2024. The vesting schedule is as follows: 1/4 of the total RSUs vest on March 16, 2025 and 1/4 of the total RSUs vest on each anniversary thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer. The reporting person was granted 134,240 RSUs on March 1, 2023. The vesting schedule is as follows: 1/4 of the total RSUs vest on March 16, 2024 and 1/4 of the total RSUs vest each anniversary thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer. The reporting person was granted 141,731 RSUs on March 1, 2022. The vesting schedule is as follows: 1/4 of the total RSUs on March 16, 2023 and 1/4 of the total RSUs each annual anniversary thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer. Consists of 389,041 RSUs granted to the reporting person on March 1, 2023 pursuant to Uber's 2019 Equity Incentive Plan, for which certain performance conditions have been satisfied and for which the time-based condition was satisfied on March 16, 2026. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer.
FAQ
What did Uber (UBER) CEO Dara Khosrowshahi report in this Form 4?
Dara Khosrowshahi reported the vesting and conversion of multiple RSU awards into Uber common stock. These are compensation-related transactions, not open-market trades, and reflect stock-based pay becoming actual shares under previously granted equity awards.
How many Uber RSUs did Dara Khosrowshahi exercise in this filing?
The filing shows exercises of 496,958 RSUs into Uber common stock. Each restricted stock unit converts into one share, so the RSU vesting directly increased his common share holdings by the same number before any tax-related withholdings.
How do Dara Khosrowshahi’s Uber RSUs convert into common stock?
According to the footnotes, each restricted stock unit converts into one share of Uber common stock when vesting conditions are met. Upon vesting, the award becomes payable in cash or shares on a one-for-one basis at Uber’s election.