Uber Technologies, Inc 4

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).