Former Uber CEO Travis Kalanick continued his share sell-off into December, cashing in more than $US93 million ($136 million) after selling the company’s stock over a three-day period.
Kalanick’s combined sales now ring in at more than $US1.8 billion since Uber’s post-IPO lockup period expired on November 6.
While the former chief executive has been dumping shares of the company he co-founded, current CEO Dara Khosrowshahi has been boosting his own stake.
The executive spent $US6.7 million on Uber shares on November 18.
Former Uber CEO Travis Kalanick pushed his recent selling streak into December, offloading more than $US93 million ($136 million) of the company’s stock over a three-day period.
The company founder sold roughly 3.2 million shares between November 27, November 29, and December 2, according to an SEC filing. The latest cash-out brings Kalanick’s total sale to $US1.8 billion as he further distances himself from the rideshare giant.
