Alnowaiser Turqi A. 4

What Happened
Turqi Alnowaiser, an Uber director and Deputy Governor & Head of International Investments for the Public Investment Fund (PIF), had 4,091 restricted stock units (RSUs vest) on May 3, 2026. Upon vesting the RSUs converted one-for-one into common stock; 558 shares were withheld to cover taxes at $75.12 per share (total tax withholding $41,917). Separately, Alnowaiser was granted 4,045 new RSUs on May 5, 2026 that vest prior to the 2027 annual meeting.

Key Details

• Transaction dates: Vesting/conversion and tax withholding on May 3, 2026; new RSU grant on May 5, 2026. Filing date: May 5, 2026 (filed timely).
• Vesting: 4,091 RSUs converted to common stock (one-for-one).
• Tax withholding: 558 shares withheld at $75.12/share, totaling $41,917 (code F).
• New grant: 4,045 RSUs granted (no cash paid), scheduled to vest before the 2027 annual meeting.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes: RSUs convert one-for-one and were payable in cash or stock at the issuer’s election; the reporting person is a PIF official and PIF’s board controls PIF’s investment decisions.

Context
This was primarily a vesting event (not an open-market buy or sell). The withholding of 558 shares to cover taxes is a routine cashless tax withholding arrangement, not an active sale by the insider. Note this filing reports actions by a representative of PIF, a sovereign wealth fund (institutional holder), rather than a purely personal trade.