[Form 4] Uber Technologies, Inc Insider Trading Activity

Rhea-AI Filing Summary

Dara Khosrowshahi, Uber Technologies (UBER) Chief Executive Officer and Director, reported planned sales of 300,000 shares executed on 09/12/2025 under an existing Rule 10b5-1 plan originally adopted 11/07/2024 and modified 06/13/2025. The sales occurred in multiple tranches: 22,376 shares at a weighted average price of $94.342, 171,729 shares at $95.1655, and 105,895 shares at $95.9158. The reported transactions reduced his beneficial ownership sequentially to 1,410,168 shares, then 1,238,439 shares, and finally 1,132,544 shares. Footnotes note inclusion of 391 ESPP shares and provide price ranges for the multiple trades.

Positive

• Sales executed under a documented Rule 10b5-1 plan, including adoption (11/07/2024) and modification (06/13/2025) dates
• Full disclosure of weighted-average prices and price ranges with an offer to provide per-price breakdowns on request
• Reported inclusion of 391 shares from the ESPP clarifies components of beneficial ownership

Negative

• CEO sold a total of 300,000 shares on 09/12/2025, which is a sizable insider disposition
• Beneficial ownership declined to 1,132,544 shares after the reported transactions, reducing insider stake

Insights

Securities Analyst

TL;DR: CEO executed a planned 300,000-share sale via a 10b5-1 program; disclosed weighted-average prices and ending holdings.

The filing details a routine, pre-scheduled insider disposition rather than an ad hoc sale. Total shares sold equal 300,000 across three reported trade blocks with weighted-average prices from $94.34 to $95.92. The documentation of the 10b5-1 plan adoption and modification dates supports the affirmative defense against allegations of trading on material nonpublic information. For investors, the change in beneficial ownership is material in absolute terms but should be viewed in context of a remaining stake of 1,132,544 shares held by the CEO.

Corporate Governance Expert

TL;DR: Proper 10b5-1 disclosures and detailed footnotes indicate compliance, though sizable insider selling merits investor attention.

The Form 4 clearly states the sales were made pursuant to a documented 10b5-1 trading plan, including adoption and modification dates and explicit price ranges for trade tranches. The filing provides transparency by offering to disclose per-price breakdowns on request and noting ESPP purchases. While compliance reduces governance concerns about opportunistic trading, the magnitude—300,000 shares—is significant and changes the CEOs reported beneficial ownership materially.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

KHOSROWSHAHI DARA

(Last) (First) (Middle)

1725 3RD STREET

(Street)

SAN FRANCISCO CA 94158

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Uber Technologies, Inc [ UBER ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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
Common Stock	09/12/2025		S(1)		22,376	D	$94.342(2)	1,410,168(3)	D
Common Stock	09/12/2025		S(1)		171,729	D	$95.1655(4)	1,238,439	D
Common Stock	09/12/2025		S(1)		105,895	D	$95.9158(5)	1,132,544	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. This transaction was made pursuant to Mr. Khosrowshahi's existing Rule 10b5-1 plan, originally adopted on November 7, 2024 and modified on June13, 2025.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.74 to $94.73, inclusive.The reporting person undertakes to provide to Uber Technologies, Inc., any security holder of Uber Technologies, Inc., or the staff of the Securities andExchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth infootnotes (2), (4), and (5) to this Form 4.

3. Includes 391 shares acquired under Uber's 2019 Employee Stock Purchase Plan on May 20, 2025.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.74 to $95.735, inclusive.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.74 to $96.25, inclusive.

	/s/ Carolyn Mo by Power of Attorney for Dara Khosrowshahi	09/16/2025
	** 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

What transactions did Dara Khosrowshahi report on Form 4 for UBER?

He reported sales totaling 300,000 shares on 09/12/2025 in three tranches (22,376; 171,729; 105,895 shares) with weighted-average prices shown.

Were the sales part of a Rule 10b5-1 trading plan?

Yes. The filing states the transactions were made pursuant to a 10b5-1 plan adopted on 11/07/2024 and modified on 06/13/2025.

What were the weighted-average prices reported for the sales?

$94.342, $95.1655, and $95.9158 for the three reported sale blocks respectively.

How did these transactions change Khosrowshahi's beneficial ownership?

Beneficial ownership was reported as 1,410,168, then 1,238,439, and finally 1,132,544 shares following each reported sale block.

Does the filing disclose any ESPP activity?

Yes. Footnote notes inclusion of 391 shares acquired under Uber's 2019 Employee Stock Purchase Plan on 05/20/2025.