NEW YORK, June 26, 2026, 14:04 (EDT)
- Grab Holdings Limited NASDAQ:GRAB traded up 3.0% at $3.565 as of 13:48 EDT. Invesco QQQ Trust Series 1 NASDAQ:QQQ slipped 0.5%.
- President and COO Alexander Hungate sold 144,093 shares in a transaction disclosed June 25 in an SEC Form 4 filing. The sale was through a pre-set 10b5-1 plan.
- Grab said in March it set up agreements for $250 million via an accelerated buyback, plus up to $150 million in a contingent forward buy.
- At Friday’s close, that $400 million is roughly 112.2 million shares. That would make up around 2.8% of Grab’s market cap.
Grab Holdings Limited NASDAQ:GRAB moved higher on Friday in regular Nasdaq trading, rebounding from its June low as growth stocks elsewhere traded weaker.
Investors didn’t just react to the rebound. The bigger focus was the difference in size between the latest insider-sale filing and the buyback that’s already set.
Grab president and COO Alexander Charles Hungate sold 144,093 Class A shares on June 23, a Form 4 filed June 25 showed. The weighted average price was $3.4485. The sale was under a Rule 10b5-1(c) plan from March 24, according to the filing.
The sale came to roughly $497,000, matching around 0.5% of the 27.3 million shares that had moved by Friday’s latest quote.
The size of the buyback gets bigger here. In March, Grab said it was doing an accelerated share repurchase with JPMorgan Chase Bank, a JPMorgan Chase & Co NYSE:JPM unit, for $250 million. It also made a forward purchase deal with Morgan Stanley & Co, a Morgan Stanley NYSE:MS unit, for up to $150 million of Class A shares.
The $400 million in those agreements would buy roughly 112.2 million shares at $3.565, or about 4.1 times Friday’s trading volume at 13:48 EDT and about 805 times Hungate’s reported sale. That’s about 2.8% of Grab’s $14.1 billion market cap.
The stock stayed close to its 52-week low. It’s traded between $3.18 and $6.62 in the past year, according to Google Finance, with Friday’s high at $3.58.
Nasdaq opened as usual. The exchange posts regular hours as 9:30 a.m. to 4 p.m. Eastern. June 26 isn’t one of its holidays in 2026; the closest closure is July 3 for Independence Day.
Grab held to its May quarter frame. The company reported first-quarter revenue up 24% at $955 million, with on-demand gross merchandise value climbing 24% to $6.1 billion. Profit landed at $120 million. Adjusted EBITDA jumped 46% to $154 million. CEO Anthony Tan called it a “strong start to 2026.” CFO Peter Oey said the results keep Grab “firmly on track” for 2026 goals: revenue of $4.04 billion to $4.10 billion, adjusted EBITDA between $700 million and $720 million. grab.com
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