SCHEDULE: Uber Sells Aurora Innovation Stake

Uber Technologies has sold 67.5 million shares of Aurora Innovation, reducing its stake to 15.6% in a block sale transaction.

Summary

• Uber Technologies, Inc. (Reporting Person) has filed an amendment to its Schedule 13D regarding its holdings in Aurora Innovation, Inc.
• On June 2, 2026, a subsidiary of Uber, Neben Holdings, LLC, sold 67,500,000 shares of Aurora Innovation's Class A common stock.
• The sale was conducted in a block sale transaction to a financial institution at a price of $7.10 per share.
• Following this sale, Uber beneficially owns 258,473,411 shares of Class A Common Stock, representing approximately 15.6% of the outstanding shares as of April 29, 2026.
• This percentage is based on 1,653,863,906 shares of Class A common stock outstanding as of April 29, 2026, as disclosed in Aurora's Form 10-Q.
• Uber has stated that it has no current plans or proposals for further acquisition or disposition of Aurora's securities, nor any plans for extraordinary corporate transactions, asset sales, changes in management or board, or material changes in capitalization or dividend policy.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as slightly negative due to the significant sale of shares by a major investor, indicating a reduction in stake and potential shift in strategic focus, although the remaining stake is still substantial.

Positives

• Uber successfully executed a block sale of a significant number of Aurora Innovation shares at a defined price ($7.10 per share).
• Uber retains a substantial ownership stake of 15.6% in Aurora Innovation, indicating continued strategic interest or investment.

Negatives

• The sale of 67.5 million shares represents a reduction in Uber's ownership and potentially a shift in its strategic commitment to Aurora Innovation.
• The sale price of $7.10 per share may indicate a valuation that is not as high as previously held or expected by Uber.

Risks

• Future disposition of remaining shares by Uber could negatively impact Aurora Innovation's stock price.
• Any future strategic shifts by Uber regarding its investment in Aurora Innovation could pose a risk to the company.

Future Outlook

Uber Technologies has explicitly stated that, as of the filing date, it has no plans or proposals that relate to or would result in the acquisition of additional securities of Aurora Innovation, disposition of securities other than as described, extraordinary corporate transactions, sale of material assets, changes in board or management, material changes in capitalization or dividend policy, or any other material change in Aurora's business or corporate structure.

Management Comments

• Uber Technologies, Inc. certifies that the information set forth in this statement is true, complete and correct.
• Balaji Krishnamurthy, Chief Financial Officer of Uber Technologies, signed the statement on behalf of Uber Technologies.

Industry Context

StockSavvy.ai notes that this filing reflects a significant divestment by a major strategic investor, Uber Technologies, from Aurora Innovation. Such actions can signal a shift in strategic priorities for the investor or a re-evaluation of the investment's long-term prospects, potentially impacting market perception of Aurora Innovation and the autonomous vehicle technology sector.

Stakeholder Impact

• Shareholders of Aurora Innovation: May experience short-term stock price volatility due to the significant sale by a major investor. The reduction in Uber's stake could be interpreted positively (focus on core business) or negatively (reduced confidence).
• Uber Technologies Shareholders: The sale may be viewed as a strategic move to monetize an investment or reallocate capital, potentially positively impacting Uber's financial flexibility.
• Employees of Aurora Innovation: May experience uncertainty regarding the long-term strategic direction and support from Uber, although Uber has stated no intent for extraordinary transactions.

Next Steps

• Uber Technologies will continue to hold its remaining 15.6% stake in Aurora Innovation.
• Aurora Innovation will continue its operations and strategic initiatives as outlined in its previous filings.

Key Dates

Recommendation

The filing details a significant share sale by Uber, reducing its stake in Aurora Innovation. While this reduces Uber's direct influence and could signal a strategic shift, Uber still retains a substantial 15.6% ownership. The sale price of $7.10 per share provides a benchmark, but without further context on Aurora's performance or Uber's strategic rationale, a 'hold' recommendation is prudent, awaiting further developments or clarity on the long-term implications of this divestment.

Keywords

Aurora Innovation, Uber Technologies, Schedule 13D, Block Sale, Shareholder, SEC Filing, Common Stock, Investment