Uber sold 67.5 million Aurora shares in $479 million block trade

Uber sold 67.5 million Aurora Innovation shares for $7.10 each in a block trade worth about $479 million, according to an SEC filing made public in June.

Uber sold 67.5 million shares of Aurora Innovation through a block trade in June, according to a filing with the US Securities and Exchange Commission.

Neben Holdings, a wholly owned Uber subsidiary, sold the Class A shares to a financial institution for $7.10 each on June 2.

The transaction was worth about $479.3 million, based on the price and number of shares disclosed in Uber’s Form 4 filing.

Uber reported the sale in an amended Schedule 13D filed on June 4. Aurora develops autonomous-driving technology and trades on Nasdaq under the ticker AUR.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Uber sold 67.5 million shares of Aurora Innovation through a block trade in June, according to a filing with the US Securities and Exchange Commission.

Neben Holdings, a wholly owned Uber subsidiary, sold the Class A shares to a financial institution for $7.10 each on June 2.

The transaction was worth about $479.3 million, based on the price and number of shares disclosed in Uber’s Form 4 filing.

Uber reported the sale in an amended Schedule 13D filed on June 4. Aurora develops autonomous-driving technology and trades on Nasdaq under the ticker AUR.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.