Ceremony Glen has filed 134 Form 4 disclosures, all tied to a single company: Uber (UBER). The pattern is entirely one-directional, but not in the way a reader might expect. There are no open-market purchases and no open-market sales. The total buy value and total sell value are both zero. Every transaction falls into one of two categories: option exercises (code M) or shares withheld to cover taxes (code F). That means the filings describe compensation mechanics, not discretionary trading.
The recent activity, clustered on the 16th of each month from August through October 2026, shows the same structure. On October 16, 2026, Glen reported four tax-withholding events with values of $52,903.20, $24,481.80, $23,989.35, and $24,763.20, alongside four option exercises valued at zero. The September 16 filing repeats the shape: four F events totaling roughly $127,249.21, plus four M events at zero. August 16 shows five F events, including one at $112,785.75, and four M events.
The dollar values on the F codes are not small, but they are automatic. They represent shares surrendered to cover the tax liability generated by the option exercises. The M codes carry a zero value because they are mechanical conversions of an option into shares. Glen has not bought a single share on the open market, nor sold one. The filings show a person receiving and exercising equity compensation in Uber, nothing more.
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