Uber (UBER) COO Andrew Macdonald Receives RSU Vesting; Shares Withheld

What Happened
Andrew Macdonald, President and Chief Operating Officer of Uber Technologies (UBER), had RSUs convert into common stock on August 16, 2026. A total of 10,167 shares were issued on conversion; 5,684 of those shares were withheld to satisfy tax withholding obligations at $75.95 per share (total withheld value $431,700). That results in a net issuance to Macdonald of approximately 4,483 shares.

Key Details

• Transaction date: August 16, 2026; Form 4 filed August 18, 2026. No late filing is indicated in the record provided.
• Gross shares converted: 10,167 (breakdown in filing: 1,133; 2,472; 2,520; 4,042).
• Shares withheld for taxes: 5,684 (634; 1,382; 1,409; 2,259) at $75.95/share = $431,700 total.
• Net shares delivered to insider: ~4,483.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Shares owned after the transaction: not specified in the excerpt.
• Notable footnotes: RSUs convert one-for-one to common stock; grants from 2023–2026 (see footnotes F3–F6) vest monthly (1/48 per month after initial April 16 start) and are payable in cash or stock at the issuer’s election.

Context
These transactions reflect routine RSU vesting and tax withholding (a common "net settlement" or share-withholding to cover taxes). This is not a market purchase or open-market sale—no cash purchase signal. When RSUs vest and shares are withheld for taxes, it typically indicates routine compensation vesting rather than a directional insider trade.