Grab CEO Anthony Tan sells 400,000 shares amid foodpanda Taiwan acquisition review

Grab Holdings Limited CEO Anthony Tan sold 400,000 Class A ordinary shares on August 10, generating approximately $1.45 million at an average price of $3.62. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Following the sale, Tan directly holds 428,498 Class A shares, representing a 48.28% decrease in his direct Class A ownership, though he maintains a significant stake through over 75 million Class B shares.

This leadership transaction occurs as Grab awaits regulatory approval for its $600 million cash acquisition of foodpanda’s Taiwan operations. The Taiwan Fair Trade Commission has extended its review period for the deal to October 27 to evaluate market concentration and competition impacts. Grab’s CFO has stated that the company remains in close communication with Taiwanese authorities and expects the transaction to conclude by the end of the year.

Financially, Grab recently reported second-quarter revenue of $997 million, a 22% year-on-year increase, and an earnings per share of $0.06, which exceeded analyst estimates. The company has also raised its full-year 2026 guidance.