Uber COO Puts $5M of His Own Money In

Uber's President and COO Andrew Gordon MacDonald filed disclosures on 8 September showing he bought 70,000 shares across two open-market purchases on 4 September, paying just over $5.3M in total. That is a clean discretionary buy from a number-two executive, not a compensation grant or a 10b5-1 plan sale. UBER carries a market cap of around $141B, so the purchase is symbolic as much as financial. Still, an open-market buy of this size from a sitting COO is a genuine vote of confidence.

The most notable seller in the data was JPMorgan, which cut its custodian stake in three Hong Kong-listed names on 2 September. It trimmed Kingdee International Software Group by roughly $85M, Sunny Optical Technology by $71M, and Shenzhou International by nearly $20M. These are custodian-account adjustments rather than fundamental calls, but the timing is notable given Taiwan export orders hit a record $114.2bn in September 2026, up 62% year-on-year according to ORTEX Alt Data, pointing to continued electronics demand across the region.

In a contrarian move to JPMorgan's Hong Kong selling, Kingboard Holdings saw its founder and chairman Cheung Kwok Wing personally buy 82,500 shares while the family vehicle Hallgain Management added 540,000 more, totalling roughly $4.1M filed on the same day. Two insiders moving in tandem is a stronger cluster signal than a lone trade.

Separately, financials-sector buybacks hit their highest quarterly total in 12 years in Q2 2026, with 190 million shares repurchased according to ORTEX Alt Data, continuing a three-quarter rising trend that points to boards using their own capital to support prices.