[Form 4] Uber Technologies, Inc Insider Trading Activity
Rhea-AI Filing Summary
Uber Technologies, Inc., a more than 10% owner of Neutron Holdings, Inc. (LIME), reported a series of ownership changes including a large open-market purchase and multiple debt and preferred conversions into common stock.
On July 2, 2026, Uber bought 800,000 shares of Common Stock at $25.00 per share in an open-market transaction and held 14,859,661 common shares directly following the trade. Around the closing of Neutron’s IPO, Uber’s $85 million 2020 convertible notes and $50 million 2021 convertible notes, plus accrued interest, automatically converted into common shares, and its convertible preferred stock also converted into common stock, together adding 10,665,348 shares through derivative conversions.
Positive
- None.
Negative
- None.
Insights
Uber increased its direct stake in Neutron while converting prior financings into equity.
Uber Technologies reported an open-market purchase of 800,000 Neutron common shares at $25.00 per share. Alongside this, multiple derivative positions—convertible notes and preferred stock—automatically converted into a total of 10,665,348 common shares, simplifying Uber’s exposure from debt and preferred into straight equity.
The filing shows Uber holding 14,859,661 common shares directly after the July 2, 2026 trade, indicating a sizable continuing position. The note footnotes describe fixed interest terms for the 2020 and 2021 notes and automatic conversion mechanisms tied to Neutron’s IPO process, framing most of the share increase as contractual rather than discretionary.
From an investor’s perspective, the key takeaway is that a major strategic holder has both converted prior financing arrangements into equity and added shares in the open market. The overall pattern looks like a consolidation of Uber’s position in common stock rather than a reduction or exit, though the filing does not address any broader strategic intentions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series C Preferred Stock | 1,063,742 | $0.00 | -- |
| Conversion | Common Stock | 1,063,742 | $0.00 | -- |
| Purchase | Common Stock | 800,000 | $25.00 | $20.00M |
| Conversion | Convertible Notes | 6,329,623 | $0.00 | -- |
| Conversion | Convertible Notes | 3,271,983 | $0.00 | -- |
| Conversion | Common Stock | 6,329,623 | $0.00 | -- |
| Conversion | Common Stock | 3,271,983 | $0.00 | -- |
Footnotes (1)
- On May 7, 2020, the Issuer issued to the Reporting Person convertible notes in the aggregate principal amount of approximately $85 million (the "2020 Notes"). The 2020 Notes accrue non-compounding interest at a rate of 4.0% per annum and mature seven years following the date of issuance, unless earlier converted pursuant to their terms. At the execution of the underwriting agreement in connection with the IPO, the aggregate outstanding principal balance of the 2020 Notes plus any accrued and unpaid interest automatically converted into shares of Common Stock at a ratio based on a conversion price equal to $340.0 million plus any consideration paid by each noteholder for the 2020 Notes divided by the Issuer's fully-diluted capitalization on August 5, 2020. On October 29, 2021, the Issuer issued to the Reporting Person convertible notes in the aggregate principal amount of approximately $50 million (the "2021 Notes"). The 2021 Notes initially accrued interest at a rate of 4.0% per annum, which increased by 0.5% in April 2023, and thereafter increasing by 1.0% at every successive six month interval, up to a maximum rate of 8.0%. The 2021 Notes mature on October 29, 2026, unless earlier converted pursuant to their terms. At the execution of the underwriting agreement in connection with the IPO, the aggregate outstanding principal balance of the 2021 Notes plus any accrued and unpaid interest automatically converted into shares of Common Stock based on a conversion price equal to the lesser of (i) 80% of the IPO price per share of Common Stock and (ii) a specified valuation cap of $1.5 billion divided by the aggregate amount of fully diluted shares of Common Stock on the applicable conversion date as set forth in the 2021 Notes. Each share of the Issuer's convertible preferred stock automatically converted into one share of Common Stock upon the closing of the Issuer's initial public offering (the "IPO"). Prior to the closing of the IPO, the Reporting Person distributed all of its shares to SMB Holding Corporation, a wholly-owned subsidiary, in a transaction exempt from reporting pursuant to Rule 16a-13.
Key Figures
Key Terms
convertible notes financial
non-compounding interest financial
fully-diluted capitalization financial
initial public offering (the "IPO") financial
valuation cap financial
