Summary by Futu AI
Uber Technologies CEO Dara Khosrowshahi engaged in a series of stock transactions on May 17, 2024. The executive exercised options to acquire 1,000,000 shares of Uber's common stock at a price of $33.65 per share. On the same day, Khosrowshahi sold a total of 891,520 shares in two separate transactions. The first sale involved 500,000 shares at a price of $65.928 each, while the subsequent sales were conducted at prices ranging from $65.928 to $66.5769 per share. Following these transactions, Khosrowshahi's direct holdings in Uber Technologies amounted to 1,265,476 shares. The total market value of the disposed shares was calculated to be approximately $58.78 million. The transactions are reported to be in progress.