Uber's ex-CEO Travis Kalanick sells another $166 million of stock

Former Uber CEO Travis Kalanick has sold an additional $ 166 million in shares, his massive exposure reductions continuing through the middle of the month.

The company founder caches around 5.8 million shares between December 11 and 13. Kalanick now owns 21 million shares, valued at $ 611 million at Uber's most recent quotes.

Kalanick's biggest sales day was November 20, when it removed nearly 8.5 million shares for $ 236 million.

The sale of the former CEO began in early November, after the end of the IPO blockade. Early shareholders were allowed to cash in for the first time on November 6, and subsequent sales lowered the share price.

Kalanick's remaining position in Uber shares now represents about 20% of its net worth of $ 3 billion, according to Bloomberg. The company's shares made up about three-quarters of its wealth before the sale ban period expired.

In December alone, Kalanick sold about $ 441 million of its stake in Uber, further liquidating its position while moving on to other endeavors. The former CEO now runs CloudKitchens, a startup that leases commercial space and renovates it into shared kitchens for delivery-only restaurants.

Uber is trading at $ 30.05 a share, down about 28% year over year.

The company has 27 buy, 11 hold and one sell analysts estimates for $ 44.03.

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