Interesting that the currrent CEO is buying Uber stock while founders are dumping it.
It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
The article's implication - that Kalanick is simply pessimistic about his investment in Uber - seems more reasonable.
Once you're not longer the person running the show, it makes a lot more sense to diversify, as you probably don't give a damn whether you're signalling confidence or not.
Insider stock purchases (price and quantity) have to be disclosed to the SEC. His last purchase was 250,000 shares @ $26.75.
https://www.nasdaq.com/market-activity/stocks/uber/insider-a...
Also interesting to note Travis was able to execute options for $0.61 in May, and turn around and sell the shares at market.
Trav can sell without creating too much concern, but many eyes are on Dara.