Macdonald Andrew 4

What Happened

• Andrew Macdonald, President and Chief Operating Officer of Uber (UBER), had RSUs convert into common stock on Feb 16, 2026. Four conversion events totaled 12,875 shares. To satisfy tax withholding, 7,197 shares were withheld/disposed at $69.99 per share, generating $503,718 in proceeds (reported as tax withholding). That left a net delivery of 5,678 shares to Macdonald from these vestings. The filing also reports a grant/award of 140,574 RSUs (derivative) on Feb 17, 2026.

Key Details

• Dates: RSU conversions and tax withholding occurred Feb 16, 2026; the RSU award entry is dated Feb 17, 2026. Form filed Feb 18, 2026 (timely).
• Prices / values: Tax-withheld shares priced at $69.99; total cash value withheld ≈ $503,718. The RSU conversions and grant entries are $0 per share (derivative instruments converting to stock).
• Shares involved: 12,875 shares converted (vesting); 7,197 shares withheld for taxes; net 5,678 shares delivered. 140,574 RSUs reported as an award/derivative grant.
• Footnotes: RSUs convert one-for-one to common stock; withholding to satisfy tax liability on vested RSUs; several historical RSU grants (2022–2025) and vesting schedules noted; the 140,574 RSUs are subject to a time-based vesting condition (see footnote).
• Transaction codes: M = exercise/conversion of derivative (here: RSU conversion), F = tax withholding, A = award/grant.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• This was not an open-market buy or sale to express a market view: it is routine RSU vesting with net settlement via share withholding to cover taxes (a common practice). Such withholding (F) is administrative and does not necessarily indicate buying or selling intent. The filing appears timely (filed within the SEC reporting window).