eBay Insider Filing Shows $250,000 RSU Award to Director Carol Hayles

Rhea-AI Filing Summary

eBay Inc. (EBAY) – Form 4 insider filing dated 06/27/2025

Independent director Carol Hayles reported the one-time grant of 3,355 restricted stock units (RSUs) on 06/25/2025. The number of units equals a target value of $250,000 divided by EBAY’s closing share price on the grant date. Each RSU represents the contingent right to receive one share of common stock. 100 % of the award vests on the earlier of (i) the first anniversary of the grant or (ii) the next annual shareholders’ meeting, subject to continued board service. Following the transaction, Hayles beneficially owns 3,355 derivative securities; no non-derivative holdings were reported. The filing is a routine compensation event and does not involve open-market purchases or sales.

Positive

• Director equity grant reinforces incentive alignment between board and shareholders, albeit on a small scale.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant—strengthens alignment, immaterial to valuation.

The filing records a standard director equity award under eBay’s non-employee director compensation plan. At ~$75 per share, the $250k value is consistent with peer practice. No cash outlay, dilution negligible (<0.001 % of shares outstanding). Governance-wise, full-vesting at next AGM encourages continued service but is short enough to maintain board independence. No red flags or insider selling; therefore, market impact is neutral.

Portfolio Manager

TL;DR: Neutral event—no buy/sell signal, monitor only for ownership trends.

Hayles’ 3,355-unit RSU grant modestly raises insider ownership but doesn’t change float or liquidity. Because the grant is automatic and non-discretionary, it carries no informational content about management’s view of the stock. From a portfolio standpoint, the filing neither warrants trading action nor alters risk assessment for EBAY.

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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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^*

HAYLES CAROL

(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: Carol Hayles	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

What did EBAY director Carol Hayles report on Form 4?

She reported receiving 3,355 restricted stock units valued at approximately $250,000 on 06/25/2025.

When will the 3,355 RSUs granted to Carol Hayles vest?

100 % vest on the earlier of the one-year anniversary of 06/25/2025 or the next EBAY annual meeting, assuming continued board service.

Does the Form 4 show any open-market purchases or sales by the director?

No. The filing only reflects an equity award grant; there were no shares bought or sold.

How many EBAY derivative securities does Carol Hayles own after this filing?

She beneficially owns 3,355 RSUs following the reported transaction.

Is the RSU grant material to EBAY shareholders?

The award represents less than 0.001 % of EBAY’s outstanding shares, so it is considered immaterial for valuation purposes.