Grab COO Buys Nearly 300,000 Shares at $867K Amid Stock Decline
Alexander Charles Hungate, Grab's Chief Operating Officer and President, purchased nearly 300,000 Class A Ordinary shares in the company for approximately $867,000 on September 21, 2026. The transaction occurred as Grab’s stock hit a 52-week low, with Hungate acquiring shares at an average price of $2.89—slightly below the closing market price of $2.91 that day. Hungate now holds over six million shares directly in Grab (NASDAQ:GRAB), representing roughly 0.16% ownership stake. The purchase was made during a period when the stock had declined by -54% year-to-date, signaling his confidence in the company's long-term prospects despite recent underperformance. Grab reported $3.7 billion in trailing twelve-month revenue and $598 million in net income as of September 21, with operations spanning eight Southeast Asian countries through its super-app platform offering transportation, food delivery, fintech services, and more.
Tickers: $GRAB