Arora Nikesh 4

What Happened
Nikesh Arora, a director of Uber Technologies, was granted 4,045 restricted stock units (RSUs) on May 5, 2026. The award is reported as a derivative grant (Form 4 code A) at $0.00 per share — a compensation grant, not an open‑market purchase or sale.

Key Details

• Transaction date: May 5, 2026; Form filed the same day (timely).
• Grant: 4,045 RSUs; reported price $0.00 (derivative award).
• Vesting: RSUs are scheduled to vest on the date immediately preceding Uber’s 2027 annual meeting of stockholders, subject to earlier vesting in certain circumstances (per filing).
• Payout mechanics: Upon vesting, the RSUs become payable one‑for‑one in cash or common stock at the issuer’s election, under Uber’s RSU Conversion and Deferral Program for Directors (footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: director compensation grant (routine), not an indicator of a market buy or sell.

Context
RSUs are derivative awards that convert to stock or cash only upon vesting and do not represent immediately tradable shares. Director grants are common as compensation and should be viewed differently from insider purchases or sales; they do not by themselves indicate the insider’s personal buying/selling sentiment.