[Form 4] eBay Inc Insider Trading Activity

Rhea-AI Filing Summary

On July 3, 2025, ClearOne, Inc. (NASDAQ: CLRO) furnished a Current Report on Form 8-K under Item 7.01 (Regulation FD) and Item 9.01 (Exhibits).

The filing states that the Company has circulated a letter to channel partners and customers (filed as Exhibit 99.1) that:

• Highlights the previously announced $3 million convertible note offering dated June 25, 2025, which is intended to provide additional liquidity.
• Updates stakeholders on current operations while the Company continues to explore strategic alternatives.

No new financial statements, earnings data, or detailed terms of the convertible note are included. The information is expressly furnished—not filed—thereby avoiding automatic incorporation into other SEC filings and Section 18 liability.

Investors may wish to review Exhibit 99.1 once posted for specifics on the financing structure and any timeline or scope of the strategic review.

Positive

• $3 million convertible note offering provides incremental liquidity to support operations during the strategic review.

Negative

• No financial statements or transaction terms were provided, limiting investor ability to assess dilution or debt service implications.

Insights

Financial Analyst

TL;DR: Small $3 m convertible note adds liquidity while strategic review persists; overall neutral impact.

The 8-K offers limited incremental information: the company reiterates a $3 million convertible note previously announced and confirms that it is still reviewing strategic options. The cash infusion is modest relative to most public-company capital raises, but it may help fund near-term operations. Because no terms (conversion price, maturity, interest) are disclosed here, investors must wait for the full exhibit. Absent financial metrics or guidance, the disclosure is operationally neutral and does not, by itself, alter valuation models.

Corporate Governance Expert

TL;DR: Strategic alternatives statement shows active board oversight; scant detail tempers market significance.

The board’s decision to communicate its ongoing evaluation of "strategic alternatives"—which can include mergers, asset sales, or recapitalizations—signals that governance bodies are exploring paths to enhance shareholder value. However, the absence of a timeline, advisers’ names, or deal parameters means stakeholders cannot gauge probability or magnitude of change. Furnishing the information rather than filing also underscores management’s intent to keep the communication lightweight. Overall, the governance disclosure is noteworthy but not yet materially impactful.

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
Estimated average burden
hours per response:			0.5

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

X

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^*

Sweetnam Jordan Douglas Bradley

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		S		22,207(1)	D	$75.04(2)	22,206	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

Explanation of Responses:

1. The shares were sold pursuant to a Rule 10b-5 trading plan adopted by the Reporting Person on February 29, 2024.

2. Represents the weighted average price of shares sold at prices that ranged from $74.80 to $75.34. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

	By: Greg Kerber For: Jordan Sweetnam	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ClearOne (CLRO) disclose in its July 3, 2025 Form 8-K?

The company furnished a letter to partners describing a $3 million convertible note offering and ongoing exploration of strategic alternatives.

How much capital is involved in ClearOne's convertible note offering?

The offering is for $3 million in convertible notes.

When was the convertible note offering originally announced?

The offering was first announced on June 25, 2025.

Does the 8-K include updated financial statements or earnings data?

No. The filing is limited to Regulation FD disclosure and does not contain new financial statements.

What does "exploring strategic alternatives" mean for ClearOne investors?

It indicates the company is evaluating options such as mergers, asset sales, or other initiatives, but no specific plan or timeline was disclosed.