eBay Insider Activity: Director Receives $250K Equity Grant

Rhea-AI Filing Summary

eBay Inc. (EBAY) – Form 4 insider filing

On 06/25/2025, non-employee director Shripriya Mahesh Ramanan received 3,355 restricted stock units (RSUs) of eBay common stock. The equity award represents the quotient of a $250,000 target value divided by the closing share price on the grant date, rounded up to the nearest whole unit. Each RSU converts into one common share upon vesting.

Vesting terms: 100 % of the RSUs vest on the earlier of (i) the first anniversary of the grant (06/25/2026) or (ii) the date of eBay’s next annual shareholder meeting, provided the director remains in service.

The grant was reported under transaction code “A” (award). No dispositions occurred, no cash was exchanged (exercise price $0), and there were no additional derivative positions reported. Following the transaction, the director’s total beneficial ownership stands at 3,355 shares, all held directly.

This is a routine board-compensation grant that has no material impact on eBay’s capital structure but modestly strengthens director–shareholder alignment through additional equity exposure.

Insights

Corporate Governance Expert

TL;DR – Routine director RSU grant; neutral governance impact.

The filing documents a standard equity award to a non-employee director, matching eBay’s $250 k annual retainer converted to 3,355 RSUs. Such grants are commonplace among large-cap tech firms and are intended to align board incentives with shareholder value. No shares were sold, so market-signal value is negligible. There is no dilution concern given the immaterial size relative to eBay’s ~540 m shares outstanding. From a governance standpoint, the vesting schedule (one-year or next AGM) is typical and does not raise red-flag issues such as accelerated vesting or performance waivers. Overall, the disclosure is compliant and neutral for investors.

Portfolio Manager

TL;DR – Small, non-cash equity award; no trading signal.

The 3,355-share RSU grant adds less than 0.001 % to EBAY’s float and involves no insider buying with personal capital. Because the units vest in a year and cannot be sold immediately, the event does not imply bullish sentiment or provide near-term liquidity pressure. Valued at $250 k, it is immaterial to eBay’s $25 bn market cap. Consequently, I view the filing as administratively necessary but not impactful to an investment thesis or trading decision.

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^*

Ramanan Shripriya Mahesh

(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)
06/25/2025

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

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)	06/25/2025		A		3,355		(2)	(3)	Common Stock	3,355	$0	3,355	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: Shripriya Mahesh Ramanan	06/27/2025
	** 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

How many eBay (EBAY) shares did director Shripriya Mahesh Ramanan acquire?

The Form 4 shows an award of 3,355 restricted stock units, each equal to one share of common stock.

What is the dollar value of the RSU grant disclosed in EBAY’s Form 4?

The grant is valued at $250,000, determined by dividing that amount by the closing share price on 06/25/2025.

What is the vesting schedule for the 3,355 RSUs awarded to the EBAY director?

The RSUs vest 100 % on the earlier of the one-year anniversary of 06/25/2025 or eBay’s next annual shareholder meeting.

Did the Form 4 report any sale of eBay shares by the director?

No. The filing only reports an award (code "A"); there were no share dispositions.

How does the transaction affect the director’s total beneficial ownership in EBAY?

After the grant, the director now beneficially owns 3,355 shares, all held directly.

When was the Form 4 filed with the SEC?

The Form 4 was filed on 06/27/2025.