Krishnamurthy Balaji, Chief Financial Officer at Uber, has filed 106 Form 4 transactions, all in UBER stock. The pattern is one-sided: his total buy value is $1,599,779.96, and his total sell value is zero. He has not sold a single share in the open market, nor has he sold any back to the issuer. The only code showing conviction is "P" for open-market purchase, and that code appears throughout his filing history.
The recent activity, however, shows no discretionary buying or selling. The latest trades, dated October 16, 2026, are all code "F" (shares withheld to cover tax) and code "M" (option exercise). The "F" transactions on that date total roughly $157,000, with individual values ranging from $17,235.75 to $42,702.45. The "M" transactions are valued at zero, meaning they are mechanical exercises. The same pattern repeats on September 16, 2026, with six "F" transactions totaling about $159,000 and six "M" transactions at zero value. The most recent trade on August 16, 2026, is another "F" at $25,215.40.
Balaji's buying bias is clear from the aggregate data, but his recent filings are entirely automatic. The "F" and "M" codes represent tax withholding and option exercises, not decisions to acquire or dispose of stock. His last open-market purchase is not in the recent window, and his last sale never happened. The dollar values in the recent filings are small relative to his total purchases, and they are tied to compensation mechanics rather than market timing.
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