Uber (UBER) Director David Trujillo Converts 5,415 RSUs (Cash‑Settled)

What Happened
David Trujillo, a director of Uber Technologies, converted/exercised a series of restricted stock units (RSUs) on May 4, 2026. The filing shows conversions of 305, 267, 235, 249, 4,091 and 268 RSUs (total 5,415 RSUs). Per the footnotes, these RSUs were vested and became payable in cash or common stock at the issuer’s election on the date of the reporting person’s termination of service; the company elected cash settlement, so no net common shares were acquired. The Form 4 was filed on May 5, 2026 (timely).

Key Details

• Transaction date: May 4, 2026 (Filed May 5, 2026).
• Reported actions: Exercise/conversion of derivatives (Form 4 transaction code M) for 305, 267, 235, 249, 4,091 and 268 RSUs (total 5,415).
• Reported prices/values: Acquired prices listed as N/A; disposed entries show $0 in the filing (consistent with cash settlement per the footnotes). No cash amount paid to the reporting person is reported on the Form 4 itself.
• Shares owned after transaction: Not specified in the provided filing data.
• Relevant footnotes: RSUs convert one‑for‑one to common stock but “became payable in cash or common stock at the election of the Issuer on the date of the reporting person’s termination of service” (footnotes F1–F7). Several of the RSU grants were fully vested as of their grant dates.
• Timeliness: Filed the next day (appears timely).

Context

• Code M indicates exercise/conversion of a derivative. Here, vested RSUs were converted but the company elected to settle in cash rather than issue shares, so this is not a purchase and does not add shares to Trujillo’s holdings.
• Cash settlements of vested RSUs (or shares withheld for taxes) are routine for departing directors and do not necessarily indicate any trading opinion by the insider.