Uber Technologies, Inc (UBER) insider Andrew Macdonald, listed in filings under ‘See Remarks’ for role, disclosed an open-market purchase of 54,325 shares on 2026-09-04 at $75.65 per share, a transaction worth $4,109,827.50. Following the purchase, Macdonald’s directly held stake stands at 410,645 shares.
This filing does not stand alone. Between 2026-09-04 and 2026-09-04, SEC records show two separate open-market purchases tied to Uber insiders, together totaling $5,308,064. Our system flags this pattern as a cluster buy, meaning multiple insiders or multiple transactions from the same reporting window point to coordinated open-market buying activity rather than an isolated trade. Cluster buys are notable because academic research on insider trading has found that when several insiders purchase shares in a tight window, using their own funds rather than exercising options, the pattern has historically correlated with periods of stock outperformance, though correlation is not a guarantee and each situation carries its own context.
What the Filing Shows
Form 4 disclosures like this one are filed with the SEC whenever a company insider buys or sells shares, and open-market purchases are generally viewed as a stronger signal than option-related transactions because the insider is committing personal capital at the prevailing market price. In this case, Macdonald’s purchase price of $75.65 per share aligns with the total cluster figure of $5,308,064 across the two-transaction window, suggesting the buying activity was concentrated rather than spread out over weeks or months.
Uber has drawn attention from a range of market watchers beyond corporate insiders. Earlier this year, the site covered a separate disclosure involving Nancy Pelosi’s spouse buying Uber call options worth up to $1M, part of a broader pattern of interest in the ride-hailing and logistics company from both congressional traders and institutional investors. Uber’s stock has also appeared in quarterly portfolio tracking of large fund managers, including coverage of Pershing Square’s 13F portfolio moves, giving readers additional context on how different classes of market participants have positioned themselves around the company.
As with any Form 4 disclosure, this filing is a matter of public record and reflects a transaction that has already occurred. It offers a data point on insider sentiment and activity timing rather than a signal to act on, and readers tracking Uber’s insider filings can expect this site to continue logging future disclosures as they are made public.
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Source: original SEC Form 4 filing.