Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Andrew MacDonald, President and COO of UBER, filed disclosures on September 8 showing he bought $4.1 million worth of Uber shares in the open market. A second filing on the same date brought the total declared interest to over $5 million. These are discretionary purchases, with no 10b5-1 plan attached. That makes them a stronger signal than a scheduled sale. The trades arrived just as Uber reported Q2 2026 results and added Sur La Table to its Uber Eats on-demand delivery platform.
Across the market, Korean appliance maker COWAY saw its main shareholder Netmarble Corporation buy approximately $7.7 million across four consecutive sessions between September 3 and September 8. The steady pace suggests a deliberate accumulation rather than a one-off move.
On the selling side, JPMorgan Chase filed as a 5% owner trimming stakes in several Hong Kong-listed names. It shed roughly $85 million in Kingdee International Software and $71 million in Sunny Optical Technology in trades dated September 2. These are institutional position adjustments rather than executive-level signals and carry less weight as sentiment reads.
The most eye-catching pattern remains the Uber COO purchases. Discretionary open-market buying by a sitting C-suite executive just after an earnings report tends to reflect personal confidence in the outlook, not a tax or compensation obligation.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
