◆ NeutralGRABGRABW
Grab CFO Peter Oey Sells 50,000 Shares
The Motley Fool·
Grab Holdings Limited CFO Peter Oey sold 50,000 Class A Ordinary Shares on July 15 for approximately $191,500, leaving him with 6.9 million shares worth $26.4 million. The sale was executed under a 10b5-1 trading plan, which pre-establishes transaction timing to avoid any appearance of trading on material non-public information. Similar share sales by CEO Anthony Tan and CPO Philipp Kandal in July were also conducted under 10b5-1 plans. Grab's stock has underperformed the broader market, declining 33.2% over the past year.
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