“The sale was done strictly to cover tax obligations,” Grab said in a message in response to Bloomberg inquiries. “This is a common practice by executives of listed companies. Peter remains committed to the business.”
Grab Holdings Ltd. Chief Financial Officer Peter Oey sold US$1.1 million ($1.5 million) in shares of the Southeast Asian ride-hailing and delivery company, according to a regulatory filing.
Oey and affiliated person Eve Oey sold 341,202 shares at an average price of US$3.17 on Feb. 28 through JP Morgan Securities LLC, according to a filing with the US Securities and Exchange Commission.
