Krishnamurthy Balaji (A) 4

What Happened
Krishnamurthy Balaji, CFO of Uber Technologies (UBER), had RSUs vest on March 16, 2026. A total of 3,286 RSUs converted one-for-one into common shares. To satisfy tax withholding on the vesting, 1,628 shares were withheld (disposed) at a withholding price of $74.66 per share, totaling $121,546. The net result was delivery of 1,658 shares to Balaji.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (no late filing indicated).
• Conversion: 3,286 RSUs converted into 3,286 common shares (reported as derivative conversion, code M).
• Tax withholding: 1,628 shares withheld to satisfy tax liability (code F) at $74.66/share, total $121,546.
• Net shares retained: 1,658 shares after withholding.
• Footnotes: RSUs convert one-for-one into common stock (F1); shares were withheld specifically to satisfy tax liability on vesting (F2). Grants referenced span 2022–2025 (F3–F7) with monthly vesting schedules.
• Shares owned after transaction: not specified in the provided filing.

Context
This was a routine RSU vesting and cashless tax-withholding event — not an open-market sale or directional purchase. Transaction codes: M = exercise/conversion of derivative (here, RSU conversion), F = payment/withholding for tax liability. Such withholding is standard when equity awards vest and generally does not by itself signal executive sentiment about the stock.