eBay Insider Filing: Routine 4,644-Share RSU Conversion Reported

Rhea-AI Filing Summary

eBay Inc. (EBAY) filed a Form 4 reporting routine director equity activity. Non-employee director Aparna Chennapragada converted 4,644 restricted stock units (RSUs) into an equal number of common shares on 06/20/2025. Because the RSUs convert on a one-for-one basis, the transaction was reported under code “M” (conversion without a market purchase). The units carried a $0 exercise price, so no cash changed hands and the transaction does not generate immediate proceeds.

Following the conversion, Chennapragada’s direct ownership rose to 14,537 common shares. Her derivative position in the specific RSU grant fell to zero, indicating full settlement of that award. The underlying RSU program grants a dollar-value award of $250,000, translated into whole units by dividing by the grant-date closing price; vesting occurs 100% on the earlier of (i) one year from grant or (ii) the next annual shareholder meeting, subject to continued service.

The filing reflects standard board compensation rather than open-market buying or selling. It has no material impact on eBay’s capitalization, liquidity, or governance structure, and does not signal a directional view on the stock. Investors may view the additional ownership as modest alignment of director interests with shareholders, but overall market impact is expected to be immaterial.

Positive

• Director equity ownership increases, modestly enhancing alignment with shareholder interests.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU conversion; 4,644 shares added; no cash, no signal, neutral for valuation.

The disclosure shows a standard non-cash settlement of board compensation. No purchase or sale occurred at market, so supply-and-demand dynamics remain unaffected. Post-transaction ownership of 14,537 shares is small relative to eBay’s ~535 million shares outstanding, creating negligible dilution. The absence of remaining derivative exposure in this grant simplifies the director’s equity profile but has no earnings or cash-flow consequences. I classify the event as neutral for shareholders.

Corporate Governance Expert

TL;DR: Standard director equity vesting improves alignment; governance status unchanged.

eBay’s board compensates non-employee directors chiefly with annually vesting RSUs, consistent with S&P 500 practice. The full vesting and conversion reported here aligns the director’s interests via actual share ownership rather than deferred units. There are no red flags: the value ($250k) and one-year vesting are typical, and the filing is timely within SEC rules. Impact on governance or control is immaterial, so I also deem the event neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chennapragada Aparna

(Last) (First) (Middle)

C/O EBAY INC. 2025 HAMILTON AVE.

(Street)

SAN JOSE CA 95125

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EBAY INC [ EBAY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/20/2025		M		4,644	A	$0	14,537	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units -3	(1)	06/20/2025		M			4,644	(2)	(3)	Common Stock	4,644	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

2. In connection with the reporting person's service as a non-employee director of the Issuer, such reporting person has been granted restricted stock units. The number of restricted stock units granted represents the quotient of (A) $250,000 divided by (B) the Issuer's closing stock price on the date of grant, rounded up to the nearest whole restricted stock unit. 100% of the restricted stock units vest on the earlier of: (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's first annual meeting of stockholders that occurs after the date of grant, provided that the reporting person continues to provide service to the Issuer through such date.

3. Not Applicable.

	By: Greg Kerber For: Aparna Chennapragada	06/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did eBay director Aparna Chennapragada report on Form 4?

She converted 4,644 RSUs into the same number of common shares on 06/20/2025 at a $0 exercise price.

How many eBay shares does the director own after the transaction?

Post-conversion, Chennapragada holds 14,537 eBay common shares directly.

Was this a market purchase or sale of EBAY stock?

No. The filing code "M" indicates an internal RSU conversion, not an open-market transaction.

Does the RSU grant affect eBay's share count materially?

No. 4,644 shares are immaterial versus ~535 million outstanding, so dilution impact is negligible.

When do eBay director RSUs typically vest?

100% vest on the earlier of one year after grant or the next annual shareholder meeting, subject to service.