Uber (UBER) Director John A. Thain Converts 349 RSUs

What Happened
John A. Thain, a director of Uber Technologies, converted 349 restricted stock units (RSUs) on July 16, 2026 (reported on a Form 4 filed July 20, 2026). The filing shows an exercise/conversion (derivative code M) acquiring 349 shares (price N/A) and a simultaneous disposition of 349 derivative units at $0.00. The RSUs were granted July 10, 2026 and were 100% vested as of grant.

Key Details

• Transaction date: July 16, 2026; Form 4 filed: July 20, 2026.
• Acquired: 349 shares (conversion of RSUs) — price listed as N/A.
• Disposed: 349 derivative units at $0.00 (per filing line).
• Footnotes: F1 — RSUs convert to common stock 1:1. F2 — 349 RSUs granted July 10, 2026 under the Uber RSU Conversion and Deferral Program; RSUs were fully vested and became payable in cash or stock at the issuer’s election on July 16, 2026.
• Shares owned after the transaction: not specified in the excerpt provided.
• Filing timeliness: Form filed four days after the transaction; no late-filing flag noted in the provided excerpt (consult the full filing for any timeliness notation).

Context
This was a routine RSU conversion/settlement rather than an open-market buy or voluntary sale. Paired acquisition and disposition lines often reflect settlement mechanics (conversion, cash/stock election, or withholding for taxes); the footnote indicates the company could pay in cash or stock. For retail investors, purchases can be a more direct bullish signal; RSU settlements are typically compensation events and do not by themselves indicate insider trading intent.