West Tony 4

What Happened

• Tony West, Chief Legal Officer and Corporate Secretary of Uber (UBER), had multiple restricted stock units (RSUs) convert into common stock on February 16, 2026 (total conversions recorded: 8,757 RSUs). To satisfy tax withholding on those vesting RSUs, 4,344 shares were withheld and reported as payment of tax liability at $69.99 per share (total value withheld ≈ $304,038). The filing also records a 101,214‑RSU award/holding on February 17, 2026 (derivative interest).

Key Details

• Transaction dates: conversions and tax-withholding on 2026-02-16; award recorded 2026-02-17. Form filed 2026-02-18 (timely).
• Conversion breakdown (reported): 1,282; 1,493; 2,910; and 3,072 RSUs (total 8,757) converted. Tax-withheld share amounts: 636, 1,524, 741, and 1,443 (total 4,344) at $69.99 each → total ≈ $304,038.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of tax liability (shares withheld), A = award/recording of RSU holdings.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: RSUs convert 1-for-1 into common stock. Several historic RSU grants (2022–2025) vest monthly (1/48 per month) after initial April vesting dates. The 101,214 RSUs reported (per footnote) are from a March 1, 2023 grant for which performance conditions are satisfied and time‑based vesting completes on March 16, 2026.

Context

• This appears to be routine RSU vesting and net share settlement to satisfy tax withholding (common practice), not an open‑market sale. The RSU conversion is recorded as a derivative exercise with no exercise price; withheld shares were used to meet tax obligations rather than sold on the open market. The separately reported 101,214 RSUs remain a prospective award subject to time-based vesting (per the footnote).