Uber President Andrew Macdonald Receives RSU Shares

What Happened

• Andrew Macdonald, President and Chief Operating Officer of Uber Technologies (UBER), had RSUs vest on September 16, 2026. A total of 10,166 restricted stock units converted into common shares. To satisfy tax withholding, 5,683 shares were withheld at $70.97 per share for a cash value of $403,323, leaving 4,483 net shares issued to him. These transactions are recorded as derivative conversions (code M) and tax-withholding share disposals (code F).

Key Details

• Transaction date: September 16, 2026; Form 4 filed September 18, 2026 (timely).
• Converted/issued: 10,166 shares (from RSU vesting).
• Shares withheld for taxes: 5,683 shares at $70.97/share; total cash value withheld ≈ $403,323.
• Net shares received by insider: 4,483 shares.
• Relevant footnotes: F1–F6 describe RSU one-for-one conversion and grant/vesting schedules (grants from 2023–2026 vest monthly, 1/48 each month). F2 specifies shares were withheld to satisfy tax liability.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Shares owned after transaction: not specified in the provided Form 4 excerpt.

Context

• This was a routine RSU vesting event with shares withheld to cover taxes (a common cashless-withholding method), not an open-market sale or purchase. Such withholding does not necessarily indicate an intent to sell remaining shares and is standard compensation tax handling.