EBAY Insider Activity: 3,611 RSUs Granted; 1,892 Shares Sold at $90.36

Rhea-AI Filing Summary

Jordan Sweetnam, SVP and Chief Commercial Officer of eBay Inc. (EBAY), received 3,611 restricted stock units (RSUs) on 09/15/2025 and sold 1,892 shares of common stock the same day at $90.36 per share. The RSUs are contingent rights to one share each and follow a vesting schedule where 1/16th vested on 06/15/2023 and an additional 1/16th vests each quarter thereafter; vested RSUs convert to an equal number of common shares when they vest.

Following the transactions reported on this Form 4, Sweetnam beneficially owns 3,723 shares of common stock directly and holds 21,667 RSUs (derivative securities) that represent future common shares. The Form 4 was signed on 09/17/2025.

Positive

• Received 3,611 RSUs, increasing future alignment with shareholders through equity-based compensation
• Holds 21,667 RSUs which represent a sizable unvested equity stake and retention incentive

Negative

• Sold 1,892 shares at $90.36, reducing direct common stock holdings to 3,723 shares

Insights

Corporate Governance Expert

TL;DR: Routine executive equity activity: award vesting and a partial sale, with continued material unvested holdings.

The reported activity shows standard equity compensation mechanics rather than an operational signal. The reporting person received 3,611 RSUs which increase long-term alignment with shareholders because RSUs convert to shares upon vesting. The sale of 1,892 shares at $90.36 reduced direct holdings to 3,723 shares, but the executive retains 21,667 RSUs as potential future equity. For governance review, this appears to be routine compensation vesting and disposition; there is no indication in the filing of atypical trading restrictions or derivative hedging.

Executive Compensation Analyst

TL;DR: Compensation-driven vesting event with an accompanying share disposition; significant unvested RSU balance remains.

The Form 4 documents the grant/recognition of 3,611 RSUs and notes the issuer's vesting cadence (1/16th vested 06/15/2023 and 1/16th each quarter thereafter). The executive's sale of 1,892 shares at $90.36 could reflect routine liquidity from vested awards or portfolio rebalancing, while the outstanding 21,667 RSUs represent a substantial portion of future equity compensation. From a compensation structure perspective, the company maintains retention via ongoing vesting schedules and substantial unvested 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

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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).

1. Name and Address of Reporting Person^*

Sweetnam Jordan Douglas Bradley

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		M		3,611	A	$0	5,615	D
Common Stock	09/15/2025		F		1,892	D	$90.36	3,723	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 -1	(1)	09/15/2025		M			3,611	(2)	(3)	Common Stock	3,611	$0	21,667	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

2. The reporting person received restricted stock units, 1/16th of which vested on 6/15/23, and an additional 1/16th of which vests each quarter thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.

3. Not Applicable.

	By: Greg Kerber For: Jordan Sweetnam	09/17/2025
	** 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

What transactions did EBAY insider Jordan Sweetnam report on Form 4?

The filing reports the acquisition of 3,611 restricted stock units (RSUs) and the sale of 1,892 shares of common stock on 09/15/2025.

At what price were shares sold in the Form 4 for EBAY (Jordan Sweetnam)?

The sale reported was 1,892 shares at a price of $90.36 per share.

How many EBAY shares does Jordan Sweetnam beneficially own after these transactions?

The filing shows Sweetnam beneficially owns 3,723 shares of common stock following the reported transactions.

How many unvested RSUs does Jordan Sweetnam hold according to the Form 4?

The Form 4 lists 21,667 restricted stock units (RSUs) as derivative securities beneficially owned following the reported transactions.

What is the vesting schedule disclosed for the RSUs?

The RSUs vest in installments: 1/16th vested on 06/15/2023 and an additional 1/16th vests each quarter thereafter, with vested RSUs converting to an equal number of common shares.