Summary by Futu AI
Uber Technologies, Inc. has announced that Dara Khosrowshahi, serving as both a Director and Officer, is set to sell 891,520 common shares of the company. The transaction is scheduled to take place on May 17, 2024, with an aggregate market value of approximately $58,884,896. The shares to be sold were acquired on the same date through the exercise of stock options, directly from the issuer, and paid for in cash. This announcement comes without any reported sales of securities by Khosrowshahi in the past three months.