Travis Kalanick unloads hundreds of millions worth of Uber stock

Travis Kalanick unloads hundreds of millions worth of Uber stock

5 years ago
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https://www.mercurynews.com/2019/11/14/travis-kalanick-unloads-hundreds-of-millions-worth-of-uber-stock/

Uber co-founder Travis Kalanick has dumped $711 million worth of shares in the company since last week, when restrictions on selling by early investors were lifted.

Kalanick, who was ousted as CEO but remains on the San Francisco company’s board, unloaded about $164 million worth of shares this week, according to a filing submitted Wednesday to the Securities and Exchange Commission. Last week beginning Nov. 6, the day of the lockup expiration, he sold $547 million worth of stock, according to a filing Friday.