Item 8.01 Other Events.

On September 27, 2021, Aleka Insurance, Inc. (“Aleka”), a wholly-owned subsidiary of Uber Technologies, Inc. (“Uber”), entered into a Loss Portfolio Transfer Reinsurance Agreement (the “LPTA”) with James River Insurance Company and James River Casualty Company, both wholly-owned subsidiaries of James River Group Holdings, Ltd. (“James River”).

Pursuant to the LPTA, Aleka will reinsure certain automobile liability insurance risks relating to activity on the Uber platform between 2013 and 2019 in exchange for payment by James River to Aleka of a premium in the amount of approximately $345.1 million (“Premium”). In connection with the LPTA, claims currently administered by James River will be transferred to a third-party claims administrator for ongoing handling. Uber expects to record expenses associated with this transaction in the third quarter of 2021, which will be excluded from the quarter’s Adjusted EBITDA. The Premium and assets presented as Collateral Held by Insurer on Uber’s consolidated balance sheet as of June 30, 2021 will be deposited into trusts and presented as restricted cash, with an associated benefit to cash flows from operations in the third quarter of 2021.

Forward-Looking Statements

This Form 8-K contains forward-looking statements regarding our future business expectations which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: the outcome of a tax case before the UK tax authority related to classification as a transportation provider, developments in the COVID-19 pandemic and the resulting impact on our business and operations, competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments, particularly with respect to our relationships with drivers and couriers. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this Form 8-K is as of the date of this Form 8-K and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. Undue reliance should not be placed on the forward-looking statements in this Form 8-K, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.