eBay (EBAY) Form 4: Zane Rowe Converts RSUs, Now Holds 8,468 Shares

Rhea-AI Filing Summary

Form 4 filing summary – eBay Inc. (EBAY), filed 24-Jun-2025

The filing reports a single insider transaction by non-employee director Zane Rowe. On 20-Jun-2025, Rowe acquired 4,644 shares of eBay common stock at an exercise price of $0.00 pursuant to the settlement of previously granted restricted stock units (RSUs). The transaction is coded “M” (conversion of derivative security), indicating that the RSUs vested and were automatically converted into common shares rather than being an open-market purchase.

Following the conversion, Rowe’s direct holdings increased to 8,468 common shares. Table II shows the RSU position was reduced to 0, reflecting full settlement. The explanatory footnotes clarify that the RSUs were originally granted for director compensation, calculated as $250,000 divided by eBay’s closing price on the grant date, and vest in full on the earlier of one year after grant or the next annual shareholders’ meeting, provided continued service.

No cash consideration, sale of shares, or additional derivative transactions were reported. The filing is routine, does not alter eBay’s share count materially, and carries no direct indication of the director’s outlook on the company beyond fulfilling standard compensation arrangements.

Positive

• Director’s equity stake increased, modestly enhancing alignment with shareholders through an additional 4,644 shares.

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU vesting; minor share increase; immaterial to valuation.

The transaction is a standard vesting event for a non-employee director. Code M and zero price confirm automatic RSU conversion, not an open-market buy. The addition of 4,644 shares brings Rowe’s stake to 8,468 shares—de minimis relative to eBay’s ~535 million shares outstanding, so dilution is negligible. Such filings are expected annually under the board equity plan and provide limited insight into sentiment; there is no sale pressure nor fresh cash investment. From a governance standpoint, equity-based compensation aligns directors with shareholder interests, but the scale here is too small to move the stock or impact financial metrics.

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^*

Rowe Zane

(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	8,468	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 -2	(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: Zane Rowe	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

How many eBay (EBAY) shares did director Zane Rowe acquire on 20-Jun-2025?

He acquired 4,644 common shares through RSU conversion.

What was the transaction code in eBay’s latest Form 4?

The filing lists code M, meaning a derivative security (RSU) was converted into common stock.

What is Zane Rowe’s total direct ownership in EBAY after the transaction?

Rowe now directly owns 8,468 shares of eBay common stock.

Did the director pay cash for the shares acquired?

No, the RSUs converted at $0.00 per share; no cash outlay was involved.

Are any restricted stock units still outstanding for Zane Rowe after this filing?

Table II shows 0 RSUs remaining following the reported conversion.