Macdonald Andrew 4
4 · Uber Technologies, Inc · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Uber President Andrew Macdonald Receives RSUs; Shares Withheld
What Happened
Andrew Macdonald (President & COO) had multiple restricted stock units (RSUs) convert into common stock on March 16, 2026. A total of 153,449 shares were issued on vesting (breakdown: 140,574 + 4,042 + 3,841 + 2,519 + 2,473). To satisfy tax withholding obligations, 87,131 shares were withheld (at $74.66 per share), generating about $6,505,200 in withholding. That leaves approximately 66,318 net shares issued to Macdonald after withholding. The transactions were routine RSU vesting and tax-withholding entries rather than open-market sales.
Key Details
- Transaction date: March 16, 2026. Form 4 filed March 18, 2026 (timely filing).
- What occurred: RSU conversions (transaction code M) and shares withheld to satisfy tax liability (code F). Some entries show $0 for derivative disposals—these reflect the RSU-to-stock conversion.
- Shares issued on vesting: 153,449 total.
- Shares withheld for taxes: 87,131 shares at $74.66/share, totaling $6,505,200.
- Net shares delivered to insider: ~66,318 shares.
- Shares owned after transaction: Not disclosed in the filing.
- Notable footnotes: F7 indicates 140,574 RSUs (granted 3/1/2023) had performance conditions satisfied and time-based vesting completed 3/16/2026. Other footnotes (F3–F6) describe monthly vesting schedules for other grants. F1/F2 confirm RSUs convert one-for-one and shares were withheld to cover taxes.
- Filing timeliness: Filed within the Form 4 deadline (no late-report indication).
Context
RSU vesting creates taxable income; companies commonly withhold shares (a “sell-to-cover” or withholding) to meet tax obligations. This filing reflects that routine tax withholding rather than an intentional open-market sale by the insider. For retail investors, such vesting entries are informational about insider compensation timing but do not, by themselves, indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-16+2,473→ 270,199 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+2,519→ 272,718 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+4,042→ 276,760 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+3,841→ 280,601 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+140,574→ 421,175 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−1,446$107,958→ 419,729 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−1,441$107,585→ 418,288 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−2,294$171,270→ 415,994 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−2,172$162,162→ 413,822 total - Tax Payment
Common Stock
[F2]2026-03-16$74.66/sh−79,778$5,956,225→ 334,044 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-16−2,473→ 89,002 total→ Common Stock (2,473 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-16−2,519→ 60,476 total→ Common Stock (2,519 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-16−4,042→ 48,506 total→ Common Stock (4,042 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-16−3,841→ 0 total→ Common Stock (3,841 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-03-16−140,574→ 0 total→ Common Stock (140,574 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 118,670 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 120,951 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 194,024 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 184,365 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 140,574 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.