EBAY Form 4: Adriane Brown Receives $250K in Restricted Stock Units

Rhea-AI Filing Summary

Form 4 overview: On 06/25/2025 eBay Inc. (EBAY) non-employee director Adriane M. Brown received 3,355 restricted stock units (RSUs) under the company’s standard director compensation program.

The grant is valued at approximately $250,000, calculated by dividing that dollar amount by the closing share price on the grant date and rounding up to the nearest whole unit. All RSUs convert 1-for-1 into common stock and will vest 100 % on the earlier of (i) the one-year anniversary of the grant or (ii) the first annual shareholder meeting following the grant, provided Brown remains a director.

No shares were sold or purchased for cash; Brown’s beneficial ownership now totals 3,355 derivative securities (RSUs). The filing is a routine disclosure of board equity compensation and does not indicate any change in company fundamentals or insider sentiment.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant to eBay director; neutral governance signal; negligible direct market effect.

This Form 4 reflects standard board compensation—$250k in RSUs translating to 3,355 shares. The one-year or next-AGM vesting aligns with typical best-practice governance structures that tie director pay to shareholder value without short-term trading. No acceleration, repricing, or unusual features are present. Because the transaction involves derivative securities granted rather than open-market activity, it does not convey fresh insight into insider sentiment. Overall, it is administratively important but financially immaterial for investors.

Portfolio Manager

TL;DR: Standard equity award; unlikely to influence EBAY valuation or trading strategy.

The grant represents less than 0.001 % of eBay’s diluted share count and does not alter supply-demand dynamics. With no cash outlay or sale, the filing neither signals bullish accumulation nor bearish disposal. From a portfolio perspective this event is non-actionable; investment theses should continue to hinge on eBay’s core operating metrics, not routine director equity awards.

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

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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^*

Brown Adriane M

(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 -6	(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: Adriane Brown	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.
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FAQ

How many eBay (EBAY) shares were granted to Director Adriane Brown?

She received 3,355 restricted stock units, each convertible into one common share.

What is the estimated dollar value of the RSU grant?

The award equals $250,000, based on the closing stock price on 06/25/2025.

When will the RSUs granted to Adriane Brown vest?

They vest 100 % on the earlier of one year from grant or the next eBay annual shareholder meeting.

Did the director buy or sell any eBay shares for cash?

No. The filing reports an equity grant; there were no open-market purchases or sales.

Does this Form 4 filing materially impact eBay’s share count?

Impact is immaterial; 3,355 shares are a tiny fraction of eBay’s total shares outstanding.