Form 4: Uber CEO Dara Khosrowshahi Receives Stock Options and Restricted Stock Units

Uber CEO Dara Khosrowshahi was granted stock options and restricted stock units (RSUs) on March 3, 2025, under the company's 2019 Equity Incentive Plan.

Summary

• On March 3, 2025, Uber Technologies, Inc. granted Dara Khosrowshahi, the company's CEO, 80,102 restricted stock units (RSUs) and a stock option for 240,306 shares.
• The grants were made under Uber's 2019 Equity Incentive Plan.
• The RSUs vest in four equal annual installments, starting on March 16, 2026.
• Upon vesting, the RSUs are payable in cash or common stock at Uber's election on a one-for-one basis.
• The stock options also vest in four equal annual installments, starting on March 16, 2026, and expire on March 3, 2032.
• The exercise price for the stock options is $74.44 per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, which are generally viewed favorably as aligning management and shareholder interests.

Positives

• The grant of RSUs and stock options aligns the CEO's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CEO.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the granted securities.

Industry Context

Equity grants to CEOs are a common practice in the tech industry to incentivize performance and retain key executives. The size and structure of the grant are typical for a company of Uber's size and stage.

Comparison to Industry Standards

• Similar equity grants are common among large tech companies like Lyft, Google, and Meta.
• The vesting schedules are fairly standard, with many companies using four-year vesting periods with annual installments.
• The exercise price of $74.44 would need to be compared to the market price of Uber stock at the time of the grant to assess its potential value to the CEO.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning the CEO's interests with the company's long-term success.
• Employees may see the CEO's compensation as a reflection of the company's commitment to its leadership.

Key Dates