Ceremony Glen 4

What Happened

• Ceremony Glen, Chief Accounting Officer and Global Corporate Controller at Uber (UBER), had 4,342 restricted stock units (RSUs) convert into common stock on March 16, 2026 (reported as derivative "exercise/conversion" transactions). To satisfy tax withholding obligations, 2,154 of those shares were withheld (reported as "payment of exercise price or tax liability") at a reported value of $74.66 per share, totaling $160,817. After withholding, Glen received a net ~2,188 shares. These transactions are compensation-related vesting events, not open-market purchases or discretionary insider sales.

Key Details

• Transaction date: March 16, 2026
• RSUs vested/converted: 4,342 shares (687 + 699 + 1,516 + 1,440)
• Shares withheld for taxes: 2,154 shares (341 + 347 + 752 + 714)
• Withholding valuation: $74.66 per share; total tax withholding value reported = $160,817
• Net shares issued to insider: 2,188 shares (4,342 − 2,154)
• Shares owned after transaction: not specified in this filing
• Relevant codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (shares withheld)
• Footnotes: RSUs convert one-for-one to common stock; grants cited from 2022–2025 vest monthly (1/48 per month after initial 4/16 yearly vest date); issuer may pay vested RSUs in cash or stock at its election
• Filing timeliness: no late-filing indicator noted in the disclosed data

Context

• This is a routine compensation event (vesting and statutory tax withholding). The withheld shares represent tax payment, not a discretionary sale of shares by the insider; such withholding is common and generally not treated as a signal about the insider’s view of the company.