NEW YORK, March 12, 2026, 13:47 EDT
Grab Holdings shares slipped 3.2% to $3.765 by midday on the Nasdaq this Thursday. A fresh filing revealed Anthony Tan intends to offload as many as 1.2 million common shares, putting the value of that stake around $4.75 million. Shares changed hands between $3.75 and $3.90 during the session. SEC
This decline stings for Grab, which was still reeling from its underwhelming February guidance that failed to hit Wall Street’s marks. Shares have slid roughly 26% since closing at $5.08 on Jan. 2. Thursday’s hit came as the broader market also took a knock: the Nasdaq was off 1.36% by midday, with traders fretting over inflation tied to oil and strains in private credit. Yahoo Finance
According to a Form 144 filed March 10, Tan is looking to sell shares through a Rule 10b5-1 trading plan—one of those pre-set arrangements for insiders before any nonpublic, market-moving news hits. The shares are earmarked for tax payments, per the filing. The document notes the plan was put in place Nov. 11, 2025. SEC
Grab’s official position holds steady, according to the filing. Back in February, the company posted its first full-year net profit, rolled out a $500 million share buyback, and called 2025’s final quarter a “record fourth quarter.” CFO Peter Oey pointed to a “strong foundation” supporting their long-range goals. Q4 Investor Relations
But the market is zeroed in on the short-term outlook. Grab is projecting 2026 revenue to land between $4.04 billion and $4.10 billion, while adjusted EBITDA is pegged at $700 million to $720 million. Both figures trail what analysts had been looking for, according to LSEG data. Shares slid roughly 4% in after-hours trading following the announcement, Reuters said. Reuters
Management’s strategy: keep capital flowing into areas promising the best payoff, mostly Southeast Asia. President Alex Hungate, speaking to Reuters last month, signaled Grab is pushing harder into groceries, financial services, and AI products. On a potential tie-up with Indonesian competitor GoTo, Hungate said there’s “no update” and, for now, no second listing in the works. Reuters
Still, the risks aren’t hard to spot. Earlier this month, Reuters flagged that Huatai Securities cautioned about the hit to profitability from Grab’s heavier outlays on AI and autonomous-vehicle partnerships. Grab’s own forecast in February already signaled slackening ride-hailing and delivery growth, with customers sticking to tight budgets. Oil prices climbing higher throw another wrench into transport demand and margins. Reuters
Grab has some cushion left if conditions don’t improve. The company wrapped up the fourth quarter holding $7.4 billion in cash and near-cash, plus $5.4 billion in net cash liquidity. That’s enough to consider buybacks, acquisitions, or new investments—even as the stock trades well under where it started in January. Q4 Investor Relations
