West Tony 4
4 · Uber Technologies, Inc · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Uber (UBER) Chief Legal Officer Tony West Exercises RSUs, Withholds Shares
What Happened
- Tony West, Chief Legal Officer and Corporate Secretary of Uber (UBER), had multiple restricted stock units (RSUs) convert into common stock on March 16, 2026. A total of 109,973 shares were issued upon conversion (from several prior RSU grants). To satisfy tax withholding, 54,527 shares were withheld (including 50,182 shares withheld from a large vested award) at a withholding value of $74.66 per share, resulting in approximately $4,070,986 in proceeds. Net shares issued to West after withholding were about 55,446 shares.
Key Details
- Transaction date: March 16, 2026; Form 4 filed: March 18, 2026 (timely).
- Type: M = conversion/exercise of RSUs into common stock; F = shares withheld to pay tax liability.
- Shares issued on conversion (aggregate): 109,973 (1,282 + 1,493 + 2,911 + 3,073 + 101,214).
- Shares withheld for taxes (aggregate): 54,527 (636 + 741 + 1,444 + 1,524 + 50,182) at $74.66/share = $4,070,986.
- Net shares retained by insider from this vesting: ~55,446 shares.
- Notable footnotes: the 101,214-share grant (from Mar 1, 2023) had performance conditions satisfied and the time-based vesting occurred on Mar 16, 2026. Other RSU grants (granted 2022–2025) vest monthly 1/48 after initial April vest date; RSUs convert one-for-one to common stock and may be paid in cash or stock at the issuer’s election.
- Filing timeliness: filed two days after the report period date—within normal Form 4 timing (not marked late).
Context
- This was routine RSU vesting with shares withheld to cover tax obligations (a common, non-discretionary event). The conversion entries show $0 exercise price because RSUs convert one-for-one rather than requiring a cash exercise. The withholding (F) entries are effectively a cashless tax payment and should not be read as an open-market sale indicating sentiment.
Insider Transaction Report
Form 4
West Tony
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-16+1,282→ 182,279 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+1,493→ 183,772 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+2,911→ 186,683 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+3,073→ 189,756 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+101,214→ 290,970 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−636$47,484→ 290,334 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−741$55,323→ 289,593 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−1,444$107,809→ 288,149 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−1,524$113,782→ 286,625 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−50,182$3,746,588→ 236,443 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-16−1,282→ 46,150 total→ Common Stock (1,282 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-16−1,493→ 35,837 total→ Common Stock (1,493 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-16−2,911→ 34,924 total→ Common Stock (2,911 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-16−3,073→ 0 total→ Common Stock (3,073 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-03-16−101,214→ 0 total→ Common Stock (101,214 underlying)
Footnotes (7)
- [F1]Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
- [F2]Shares withheld to satisfy tax liability upon vesting of RSUs on March 16, 2026.
- [F3]The reporting person was granted 61,533 RSUs on March 3, 2025. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2025 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- [F4]The reporting person was granted 71,674 RSUs on March 1, 2024. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2024 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- [F5]The reporting person was granted 139,697 RSUs on March 1, 2023. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2023 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- [F6]The reporting person was granted 147,492 RSUs on March 1, 2022. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2022 and 1/48 of the total RSUs vest each month thereafter. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the Issuer.
- [F7]Consists of 101,214 RSUs granted to the reporting person on March 1, 2023 pursuant to Uber's 2019 Equity Incentive Plan, for which certain performance conditions have been satisfied and for which the time-based condition was satisfied on March 16, 2026. Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer.
Signature
/s/ Carolyn Mo by Power of Attorney for Tony West|2026-03-18