This makes Kalanick’s variable cash amount to nearly $ 1.71 billion in a series of sales starting on November 6. On November 6, Uber’s restrictions on internal and early investors’ 180-day bargains ended.
Editor’s note: This article comes from Tencent Technology .
Travis Kalanick, co-founder and former CEO of Uber
November 28, according to foreign media reports, documents submitted by ride-hailing company Uber to the US Securities and Exchange Commission (SEC) show that its co-founder and former CEO Travis Kalanick ( (Travis Kalanick) is continuing to sell Uber shares, and has recently realized more than $ 250 million in stock in three days.
This brings Kalanick’s variable cash value to nearly $ 1.71 billion in a series of sales starting on November 6. On November 6, Uber’s restrictions on internal and early investors’ 180-day bargains ended.
In 2017, Kalanick was fired from his post as CEO after being accused of sexual harassment and discrimination. The latest realization has left 36 million Uber shares held by Kalanick, which is still a considerable amount. Kalanick is still a member of Uber’s board of directors and appeared on the New York Stock Exchange during the company’s May initial public offering (IPO), although he did not co-stage with other company executives.
Other Uber insiders have also recently adjusted their holdings, although no one has done as well as Kalanick. US Securities and Exchange Commission documents show that co-founder Garrett Camp sold about $ 20 million in Uber shares this month, but still holds more than $ 2 billion in company shares. Another document showed that current CEO Dara Khosrowshahi purchased more than $ 6 million in stock last week.
As of Wednesday’s opening, Uber’s stock price has plummeted to per shareUnder $ 30, the company went public in May at $ 42 per share. Uber’s current market value is about $ 50 billion, down from nearly $ 70 billion at the end of the first trading day.
Kalanick’s recent stock sell-off may indicate he is more interested in other investments, such as the entrepreneur’s latest project, Ghost Kitchen, CloudKitchens. Based on information displayed on its website, the startup plans to lease space to restaurant owners to provide takeaway services.
Earlier reports said that Kalanick had raised $ 400 million from the Saudi Fund, which is also a major investor in Uber, and the project once again caused controversy in Kalanick. (Tencent Technology Review / Golden Deer)