Uber Technologies, Inc 4
4 · Neutron Holdings, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Neutron (LIME) 10% Owner Uber Purchases 800,000 Shares
What Happened
Uber Technologies, Inc. (reported as a 10% owner of Neutron Holdings, Inc., ticker LIME) acquired 800,000 shares in an open-market purchase on 2026-07-02 at $25.00 per share (total $20,000,000). In addition, Uber converted several derivative securities into common stock on 2026-06-30 and 2026-07-02, resulting in the issuance/acquisition of approximately 10,665,348 shares (no cash price reported for those conversions). The filing also shows corresponding “disposed” entries for the converted derivatives, which reflect termination/transfer of the derivative instruments upon conversion.
Key Details
- Transaction dates and amounts:
- 2026-06-30: Conversion of derivative securities — 6,329,623 shares and 3,271,983 shares (conversion entries; no cash price).
- 2026-07-02: Conversion of derivative securities — 1,063,742 shares (conversion entry; no cash price).
- 2026-07-02: Open-market purchase — 800,000 shares @ $25.00 each = $20,000,000.
- Shares acquired via conversion (total): ~10,665,348 common shares (price N/A, non-cash conversion).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1–F2: Background on 2020 and 2021 convertible notes that converted into common stock under specified conversion mechanics.
- F3: Convertible preferred stock converted 1-for-1 at the IPO.
- F4: Prior pre-IPO share distributions to a subsidiary (SMB Holding Corp.) exempt from reporting under Rule 16a-13.
- Filing timeliness: The Form 4 was filed on 2026-07-02 for transactions through 2026-06-30/07-02 — no late filing flag indicated.
Context
- Conversion code (C) = conversion of derivative securities (e.g., convertible notes or preferred) into common stock; these conversions are typically non-cash events and often reflect contractual conversion mechanics rather than active “exercises” or market timing by a person. The matching “disposed” conversion entries indicate the derivative instruments were terminated upon conversion.
- As a 10% owner, Uber is an institutional/large shareholder rather than an individual officer; its transactions reflect institutional holdings and debt-to-equity conversions, not typical executive trading signals.
- The open-market purchase ($20M) is a clear cash purchase and may be read by investors as a direct incremental buy, while the conversions primarily reflect prior contractual arrangements (see footnotes).
Insider Transaction Report
Form 4
Uber Technologies, Inc
10% Owner
Transactions
- Conversion
Common Stock
[F1]2026-06-30+6,329,623→ 9,723,936 total - Conversion
Common Stock
[F2]2026-06-30+3,271,983→ 12,995,919 total - Conversion
Common Stock
[F3]2026-07-02+1,063,742→ 14,059,661 total - Purchase
Common Stock
[F4]2026-07-02$25.00/sh+800,000$20,000,000→ 14,859,661 total - Conversion
Convertible Notes
[F1]2026-06-30−6,329,623→ 0 total→ Common Stock (6,329,623 underlying) - Conversion
Convertible Notes
[F2]2026-06-30−3,271,983→ 0 total→ Common Stock (3,271,983 underlying) - Conversion
Series C Preferred Stock
[F3]2026-07-02−1,063,742→ 0 total→ Common Stock (1,063,742 underlying)
Footnotes (4)
- [F1]On May 7, 2020, the Issuer issued to the Reporting Person convertible notes in the aggregate principal amount of approximately $85 million (the "2020 Notes"). The 2020 Notes accrue non-compounding interest at a rate of 4.0% per annum and mature seven years following the date of issuance, unless earlier converted pursuant to their terms. At the execution of the underwriting agreement in connection with the IPO, the aggregate outstanding principal balance of the 2020 Notes plus any accrued and unpaid interest automatically converted into shares of Common Stock at a ratio based on a conversion price equal to $340.0 million plus any consideration paid by each noteholder for the 2020 Notes divided by the Issuer's fully-diluted capitalization on August 5, 2020.
- [F2]On October 29, 2021, the Issuer issued to the Reporting Person convertible notes in the aggregate principal amount of approximately $50 million (the "2021 Notes"). The 2021 Notes initially accrued interest at a rate of 4.0% per annum, which increased by 0.5% in April 2023, and thereafter increasing by 1.0% at every successive six month interval, up to a maximum rate of 8.0%. The 2021 Notes mature on October 29, 2026, unless earlier converted pursuant to their terms. At the execution of the underwriting agreement in connection with the IPO, the aggregate outstanding principal balance of the 2021 Notes plus any accrued and unpaid interest automatically converted into shares of Common Stock based on a conversion price equal to the lesser of (i) 80% of the IPO price per share of Common Stock and (ii) a specified valuation cap of $1.5 billion divided by the aggregate amount of fully diluted shares of Common Stock on the applicable conversion date as set forth in the 2021 Notes.
- [F3]Each share of the Issuer's convertible preferred stock automatically converted into one share of Common Stock upon the closing of the Issuer's initial public offering (the "IPO").
- [F4]Prior to the closing of the IPO, the Reporting Person distributed all of its shares to SMB Holding Corporation, a wholly-owned subsidiary, in a transaction exempt from reporting pursuant to Rule 16a-13.
Signature
/s/ Elizabeth Coleman, Vice President, Deputy General Counsel and Deputy Corporate Secretary|2026-07-02