THAIN JOHN A 4

What Happened

• John A. Thain, a director of Uber Technologies, had 4,091 restricted stock units (RSUs) that vested on May 3, 2026. The Form 4 records an exercise/conversion (code M) of 4,091 derivative securities and a simultaneous disposition of 4,091 derivative securities at $0.00 — consistent with the RSUs being settled for cash rather than shares.
• On May 5, 2026, Thain was granted 4,045 new RSUs (code A) under Uber’s 2019 Equity Incentive Plan. The grant is reported at $0.00 per share (typical for RSU awards) and is scheduled to vest on the date immediately preceding the 2027 annual meeting, subject to certain conditions.

Key Details

• Transaction dates: May 3, 2026 (vest/settlement) and May 5, 2026 (new RSU grant). Form filed May 5, 2026 (timely).
• Reported prices/values: $0.00 per share reported for the settlement/disposition and for the new RSU grant (reflects derivative/award accounting, not market trades).
• Shares involved: 4,091 RSUs vested/settled; 4,045 RSUs newly granted. The filing does not state Thain’s total common shares owned after these transactions.
• Footnotes: F2 confirms the May 6, 2025 grant of 4,091 RSUs vested immediately before the 2026 annual meeting and are payable in cash or stock at the issuer’s election (explains cash settlement). F3 describes the new 4,045 RSU grant and its vesting schedule.
• Filing timeliness: Not reported as late (transaction date May 3; Form 4 filed May 5).

Context

• These events are derivative/award actions (RSU vesting and grant), not open‑market purchases or sales by the insider. The May 3 entry reflects conversion/settlement of RSUs (cash settlement per footnote), which is routine compensation, while the May 5 entry is a forward‑vesting equity award for future compensation.
• Such grants and cash settlements are common for directors and do not by themselves indicate buying or selling sentiment in the market.