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 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.