EBAY Form 4: Perry Traquina Converts RSUs, Boosts Ownership to 84k+ Shares

Rhea-AI Filing Summary

eBay Inc. (EBAY) Form 4 filing dated 06/24/2025 reports that non-employee director Perry M. Traquina acquired 4,644 shares of common stock on 06/20/2025 through the settlement of previously granted restricted stock units (RSUs).

The transaction is coded “M,” indicating a conversion of derivative securities rather than an open-market purchase or sale. The RSUs carried a $0 exercise price, reflecting standard vesting rather than a cash transaction. Following the settlement, Traquina’s direct beneficial ownership increased to 84,128 common shares.

The underlying RSU grant was valued at $250,000 on the grant date, with the number of units determined by dividing that dollar amount by the issuer’s closing stock price on the grant date and rounding up. Vesting occurs 100% on the earlier of (i) one year from grant or (ii) the first annual shareholder meeting thereafter, subject to continued board service.

No derivative securities remain outstanding from this grant after conversion, and the filing does not disclose any concurrent sales, additional grants, or changes in indirect ownership. The filing is a routine insider ownership update that does not, in isolation, indicate changes to eBay’s operational outlook, liquidity, or capital structure.

Positive

• Director Perry M. Traquina increased direct ownership by 4,644 shares, bringing his stake to 84,128 shares, which can strengthen alignment with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director converted RSUs into 4,644 shares, lifting holdings to 84,128; no cash sale, routine insider update, limited market impact.

The Form 4 shows an automatic RSU conversion (code M) by Director Perry M. Traquina. Because the exercise price is $0, the event simply transfers 4,644 shares from unvested to outstanding status. Traquina’s stake rises to roughly US$4–5 million in market value (based on recent prices), but there is no indication of a purchase or sale decision. Such vesting is scheduled and expected for non-employee directors. From a valuation or liquidity perspective, the transaction neither injects new capital into eBay nor signals insider sentiment. Consequently, I classify the filing as neutral for investors.

Corporate Governance Specialist

TL;DR: Routine director equity vesting aligns board compensation with shareholders; governance-neutral, no red flags.

eBay compensates its independent directors largely via equity, reinforcing alignment with shareholder interests. The one-year/annual-meeting vesting schedule is standard across S&P 500 boards. The disclosed $250k equity value is within peer norms. There are no discretionary accelerations, amendments, or 10b5-1 references affecting governance optics. Because no shares were sold, the filing does not trigger trading-plan scrutiny or potential conflict questions. Overall governance impact: 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^*

TRAQUINA PERRY 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)
06/20/2025

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	84,128	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 Units -5	(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: Perry M. Traquina	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).
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FAQ

How many eBay (EBAY) shares did Director Perry M. Traquina acquire?

The Form 4 shows an acquisition of 4,644 common shares through RSU conversion.

What is Perry M. Traquina's total beneficial ownership after the transaction?

Following the conversion, Traquina owns 84,128 eBay shares directly.

Was this an open-market purchase or sale?

No. The transaction was coded "M," indicating a restricted stock unit conversion at a $0 exercise price, not a market trade.

What was the value basis for the original RSU grant?

The RSU amount equaled $250,000 divided by eBay’s closing price on the grant date, rounded up.

Does the filing indicate any remaining derivative securities for this grant?

No. After the 4,644-share conversion, zero derivative securities remain outstanding from this grant.