Ceremony Glen 4
Research Summary
AI-generated summary
Uber (UBER) Ceremony Glen Receives RSUs; Shares Withheld
What Happened
Ceremony Glen, Chief Accounting Officer and Global Corporate Controller of Uber (UBER), had a total of 3,611 restricted stock units (RSUs) convert into common shares on July 16, 2026. To satisfy tax withholding on the vesting, 1,793 shares were withheld at an implied withholding price of $74.04, producing cash withheld of $132,754. The RSU conversion/exercise entries show a $0.00 exercise price consistent with RSUs (no cash paid to exercise).
Key Details
- Transaction date: July 16, 2026; Form 4 filed July 20, 2026 (timely).
- Conversion (M): 708 + 687 + 700 + 1,516 = 3,611 shares converted into common stock.
- Tax withholding (F): 352 + 341 + 348 + 752 = 1,793 shares withheld; withholding price $74.04; total cash withheld $132,754.
- Net shares delivered to insider after withholding: 3,611 − 1,793 = 1,818 shares.
- Shares owned following transaction: not disclosed in this filing.
- Relevant footnotes: RSUs convert one-for-one to common stock (F1); grants and monthly vesting schedules are noted for grants dated Mar 1, 2023; Mar 1, 2024; Mar 3, 2025; and Mar 2, 2026 (F3–F6).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax liability (routine withholding).
Context
This was a routine RSU vesting event with shares withheld to cover taxes rather than an open-market sale. The $0.00 exercise price entries reflect RSU conversion (not an option exercise requiring cash). Such tax-withholding dispositions are administrative and do not necessarily indicate bullish or bearish insider sentiment.