Ceremony Glen 4

What Happened
Ceremony Glen, Uber’s Chief Accounting Officer and Global Corporate Controller, had restricted stock units (RSUs) convert into common stock on February 16, 2026 (conversion/derivative exercises) and had shares withheld to cover the tax liability. A total of 4,342 shares were converted (686 + 700 + 1,515 + 1,441). Of those, 1,504 shares were withheld for taxes (238 + 243 + 499 + 524) at $69.99 per share, totaling $105,266. On February 17, 2026 Glen was granted 23,952 new RSUs (no cash exchanged).

Key Details

• Filing date: February 18, 2026; Period of report: February 16, 2026 (timely filing).
• Feb 16, 2026: Conversion/exercise of derivatives (code M) — 686, 700, 1,515, 1,441 shares (total 4,342).
• Feb 16, 2026: Shares withheld for tax (code F) — 238, 243, 499, 524 shares (total 1,504) at $69.99/share; total tax withholding ~$105,266.
• Feb 17, 2026: Grant (code A) — 23,952 RSUs awarded at $0.00 (derivative).
• Shares owned after the reported transactions are not specified in this Form 4.
• Relevant footnotes: F1–F2 clarify RSUs convert one-for-one to common stock and that shares were withheld to satisfy tax liability; F3 describes the 23,952-RSU grant and its vesting schedule (1/8 vests May 16, 2026, then quarterly). Several prior RSU grants (2022–2025) and their vesting schedules are also noted (F4–F7).

Context
This was routine equity compensation activity: RSUs converted to common shares and a portion withheld to cover taxes (not an open-market sale). The new RSU grant vests over time (first tranche 1/8 on May 16, 2026, then quarterly), and RSUs may be settled in cash or stock at the issuer’s election. Such withholding-to-cover transactions are common for payroll tax obligations and do not, by themselves, signal a buy or sell decision.