Tan Anthony Ping Yeow 4

What Happened
Tan Anthony Ping Yeow, CEO of Grab Holdings Ltd (GRAB), sold 400,000 Class A ordinary shares in an open-market transaction on June 15, 2026 at a weighted average price of $3.51 per share for total proceeds of $1,403,960. Earlier, on June 12, 2026, he converted 800,000 Class B ordinary shares into 800,000 Class A ordinary shares (conversion recorded at $0.00, i.e., no cash exchanged).

Key Details

• Transaction dates: Conversion recorded 2026-06-12; open-market sale on 2026-06-15. Filing date: 2026-06-16 (timely).
• Sale details: 400,000 shares sold at a weighted average price of $3.51; total proceeds $1,403,960. Per filing, sale prices ranged $3.50–$3.54 and the filer can provide a breakdown on request.
• Conversion details: 800,000 Class B ordinary shares were converted to Class A ordinary shares on 2026-06-12 (conversion shown at $0.00). Each Class B is convertible into one Class A and has no expiration.
• Plan/authorization: The shares sold were sold pursuant to a Rule 10b5-1(c) plan adopted by the reporting person on November 11, 2025.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filed on 2026-06-16 for a reportable event on 2026-06-12; appears filed within the standard two-business-day Form 4 window.

Context

• The June 12 entries reflect a conversion of Class B ordinary shares into Class A ordinary shares (a non-cash conversion), not a purchase. The sale on June 15 occurred under a pre-established 10b5-1 plan, which is commonly used to schedule sales and can indicate routine, pre-planned disposition rather than a timely reaction to company news.