UBER Insider Report: CMO Hazelbaker Sees RSU Vesting and Tax Withholding
Rhea-AI Filing Summary
Jill Hazelbaker, Chief Marketing Officer and SVP, Public Affairs at Uber Technologies, Inc. (UBER), reported multiple vesting events and related share transactions on August 16, 2025. The Form 4 shows conversion of restricted stock units (RSUs) into common stock on a one-for-one basis across grants from 2022, 2023, 2024 and 2025. Several tranches vested on August 16, 2025, resulting in acquisitions of common shares and simultaneous withholding of shares to satisfy tax liabilities at $92.60 per share. After the reported transactions, Hazelbaker beneficially owned 10,454 shares directly and held additional shares indirectly through the Franks 2021 Irrevocable Trust for immediate family members. The filing was signed by a power of attorney on August 19, 2025.
Positive
- RSU vesting aligns executive incentives: Multiple RSU grants from 2022–2025 converted to common stock, preserving long-term alignment with shareholders.
- Transparent disclosure: Filing identifies direct and indirect ownership, and notes trust-held shares for immediate family, supporting governance transparency.
Negative
- Shares withheld for taxes: Portions of vested RSUs were withheld at $92.60 per share, reducing the reporting person's net increase in outstanding shares following vesting.
Insights
TL;DR: Routine RSU vesting converted to stock and some shares withheld for taxes, reflecting standard executive compensation delivery.
The Form 4 documents scheduled vesting of multiple RSU grants (2022 through 2025) that converted into common stock on a one-for-one basis. The transactions include both acquisitions upon vesting and share withholding to satisfy tax obligations at a reported withholding price of $92.60 per share. These actions are consistent with ongoing time-based compensation vesting and do not indicate opportunistic trading or new option exercises. The aggregate vesting activity reduces immediate free-floating shares for the reporting person due to tax withholding but preserves long-term alignment between the executive and shareholder interests through continued ownership of vested shares and trust-held shares.
TL;DR: Disclosure is timely and standard, showing director/officer holdings and family-trust indirect ownership.
The filing clearly identifies Hazelbaker's role and relationship to the issuer and discloses indirect holdings via the Franks 2021 Irrevocable Trust for immediate family beneficiaries. The use of a power of attorney to sign the form is properly noted. There are no indications of unusual related-party transfers, accelerated vesting, or disposals beyond tax-withholding. From a governance standpoint, the report provides required transparency about insider compensation realization and current beneficial ownership levels.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,465 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,494 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,546 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,688 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,465 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,494 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,546 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,688 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 734 | $92.60 | $68K |
| Exercise Price or Tax Liability | Common Stock | 749 | $92.60 | $69K |
| Exercise Price or Tax Liability | Common Stock | 1,327 | $92.60 | $123K |
| Exercise Price or Tax Liability | Common Stock | 1,465 | $92.60 | $136K |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
- F2. Shares withheld to satisfy tax liability upon vesting of RSUs on August 16, 2025.
- F3. Shares are held by the Franks 2021 Irrevocable Trust of which the beneficiaries are members of Ms. Hazelbaker's immediate family.
- F4. The reporting person was granted 70,323 RSUs on March 3, 2025. The vesting schedule is as follows: 1/48 of the total RSUs vest on April 16, 2025 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- F5. The reporting person was granted 71,674 RSUs on March 1, 2024. The vesting schedule is as follows: 1/48 of the total RSUs vest on April 16, 2024 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- F6. The reporting person was granted 122,235 RSUs on March 1, 2023. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2023 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- F7. The reporting person was granted 129,056 RSUs on March 1, 2022. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2022 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
