CEO Anthony Tan acquired 10.35 million Class A ordinary shares of Grab on September 21 for approximately $29.88 million. COO Alexander Hungate also purchased about 300,000 shares for roughly $867,000. These insider transactions followed a decline in the stock price to $2.74 on September 18, the lowest level since May 2023.
The stock price drop coincided with the announcement of a planned acquisition of Atome Financial, a provider valued at approximately $4.5 billion. Simultaneously, Grab announced a $900 million share buyback program scheduled for the next 12 months. The company also authorized an additional $750 million for buybacks following its Q2 2026 financial results.
Grab reported Q2 2026 revenue of $997 million, marking a 22% year-over-year increase. Adjusted EBITDA reached $168 million, representing 54% growth compared to the previous year. Following the disclosure of the insider purchases, Grab shares closed up 8.9% on September 22.
