Grab Holdings ($GRAB) CEO Anthony Tan purchased nearly $30 million of company stock on September 21, while President and COO Alexander Hungate bought another $867,000 of shares. The purchases come days after Grab announced plans to deploy approximately $900 million on share repurchases over the next year and agreed to acquire a majority stake in Atome Financial.
- Tan purchased 10.35 million shares at a weighted average price of $2.8866, spending approximately $29.88 million.
- The purchase increased Tan's directly owned Class A position from 428,498 shares to approximately 10.78 million shares.
- Hungate purchased 299,571 shares at an average price of $2.8936, spending approximately $867,000.
- Together, the two executives purchased approximately $30.74 million of Grab shares on September 21.
- Grab said last week it intends to complete its remaining $900 million share-repurchase authorization over the next 12 months.
- The company also agreed to pay $1.49 billion in cash for an initial 60% stake in Atome Financial.
Relevant Companies
- Grab Holdings ($GRAB) - Its CEO and president purchased approximately $30.74 million of shares.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
