eBay Insider Filing: 3,499-Share RSU Vesting by Director William Nash

Rhea-AI Filing Summary

Form 4 overview: On 06/20/2025, eBay Inc. (ticker EBAY) director William D. Nash reported the conversion of 3,499 restricted stock units (RSUs) into an equal number of common shares. The transaction was coded "M," indicating a routine, cost-free (> $0 exercise price) settlement of previously awarded equity rather than an open-market purchase or sale. Following the transaction, Nash directly holds 3,499 EBAY shares; the corresponding RSU position is now zero.

Grant mechanics: The original RSU grant, made in connection with Nash’s service as a non-employee director, was sized at the dollar equivalent of $188,356 divided by eBay’s closing share price on the date of the 2024 annual meeting, then rounded up. The award vests 100% on the earlier of (i) 06/20/2025 or (ii) the next annual shareholder meeting, contingent on continued board service. No derivative or indirect holdings remain after settlement.

Investor take-away: The filing reflects standard non-cash director compensation and does not signal open-market sentiment. Given eBay’s ~530 million shares outstanding, the 3,499-share increase is immaterial (<0.001%). The event modestly aligns director and shareholder interests but is unlikely to affect valuation, liquidity, or governance dynamics.

Insights

Insider Transactions Analyst

TL;DR: Routine RSU vesting; negligible size; neutral market impact.

This Form 4 documents an automatic RSU conversion granted for board service. No cash changed hands, and the 3,499 shares represent a de-minimis 0.001% of shares outstanding. Because the director neither bought nor sold shares on the open market, the filing offers no insight into management’s view of valuation. From a governance lens, it simply records equity-based compensation and maintains alignment incentives. There are no red flags such as accelerated vesting, 10b5-1 trades, or simultaneous dispositions. I therefore classify the disclosure as informational and neutral for investors.

Corporate Governance Specialist

TL;DR: Standard board compensation; confirms compliance; not material.

The RSU program follows typical S&P 500 director pay practices—single-tranche annual equity vests after one year or the next AGM. The absence of indirect holdings and the $0 exercise price confirm the award’s straightforward nature. eBay maintains transparent disclosure and complies with Section 16(a) timelines (filed four days after vesting). No governance concerns arise, and shareholder dilution is immaterial. I view the impact as 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
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).

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^*

Nash William D

(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		3,499	A	$0	3,499	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 Unit -1	(1)	06/20/2025		M			3,499	(2)	(3)	Common Stock	3,499	$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) $188,356 divided by (B) the Issuer's closing stock price on the date of the Issuer's 2024 annual meeting of stockholders, rounded up to the nearest whole restricted stock unit. 100% of the restricted stock units vest on the earlier of: (i) 6/20/2025 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: William D Nash	06/24/2025
	** 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.
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FAQ

How many EBAY shares did William D. Nash acquire in the latest Form 4?

3,499 common shares were issued upon RSU conversion.

Was cash paid for the shares reported in the EBAY Form 4?

No. The RSUs converted at $0 exercise price; this was not a market purchase.

What was the original dollar value of the RSU grant to William D. Nash?

The grant equaled $188,356 divided by the share price at the 2024 annual meeting.

Does the filing indicate insider sentiment toward EBAY stock?

Not directly; it records routine director compensation rather than a discretionary trade.

When do the RSUs reported in the filing fully vest?

They vest 100% on the earlier of 06/20/2025 or the next annual shareholder meeting.