West Tony 4

What Happened

• Tony West, Chief Legal Officer and Corporate Secretary of Uber (UBER), had RSUs convert into 8,759 shares on Jan 16, 2026. To satisfy tax withholding, 4,473 shares were surrendered (valued at $84.85/share, totaling ~$379,535). Separately, 3,125 shares were sold in the open market on Jan 20, 2026 at $83.50/share for proceeds of $260,938. The RSU conversions and withholdings are reported as derivative-related transactions; the sale was made pursuant to an existing Rule 10b5-1 plan.

Key Details

• Transaction dates and prices:
  • RSU conversion/vesting: Jan 16, 2026 — total 8,759 shares converted (derivative conversion).
  • Shares withheld for taxes: 4,473 shares @ $84.85 = $379,535 (paid to cover tax liability).
  • Open-market sale: Jan 20, 2026 — 3,125 shares @ $83.50 = $260,938 (10b5-1 sale).
• Net shares issued to West after withholding and sale: 1,161 shares (8,759 vested − 4,473 withheld − 3,125 sold).
• Footnotes of note:
  • F1–F7: These transactions arise from monthly-vesting RSU grants (grants from 2022–2025 with 1/48 monthly vesting).
  • F2: Shares were withheld specifically to satisfy tax liabilities upon vesting.
  • F3: The open-market sale was executed under a Rule 10b5-1 trading plan adopted May 27, 2025.
• Filing/timeliness: Form 4 filed Jan 21, 2026 for transactions occurring Jan 16 and Jan 20, 2026. This filing is timely (filed within the required two business days, accounting for the Jan 19 federal holiday).

Context

• Transaction codes: M = conversion/exercise of derivative (here, RSUs converting to common stock); F = shares withheld to satisfy taxes; S = open-market sale. This was not a cash purchase — RSUs vested and were mostly used for tax withholding and a planned sale. Such vesting-and-withholding events are routine compensation actions; the separately executed 10b5-1 sale indicates the sale was done under a pre-established plan rather than as an ad-hoc trade.