EBAY Insider Report: RSU Conversions and Sales at $90.36 by Rebecca Spencer

Rhea-AI Filing Summary

Rebecca Spencer, VP and Chief Accounting Officer at eBay Inc. (EBAY), reported multiple equity transactions on 09/15/2025. The filing shows a series of restricted stock unit grants that converted into common shares (various RSU award tranches labeled -4 through -9) and multiple open-market disposals. The reporting person acquired RSU-derived shares in amounts such as 282, 373, 555, 919, 752, and 188 shares, and the filing lists the resulting underlying common stock holdings for each tranche. Separately, the report discloses disposals totaling 703 common shares sold at $90.36 per share. After the reported transactions the filing shows beneficial ownership in the range of approximately 9,425 common shares for the reporting person.

Positive

• Received multiple RSU grants converting into common shares (tranches -4 through -9 totaling several thousand underlying shares)
• Post-transaction ownership remains meaningful with reported beneficial ownership around 9,425 common shares

Negative

• Open-market sales of 703 shares at $90.36 per share were executed on 09/15/2025

Insights

Corporate Governance Expert

TL;DR: Routine equity compensation vesting with concurrent partial sales; appears consistent with normal executive compensation and liquidity management.

The Form 4 documents scheduled vesting of multiple RSU tranches that converted into common shares and contemporaneous open-market sales of 703 shares at $90.36. The pattern—vesting followed by limited sales—matches common practice for executives to cover tax obligations or rebalance holdings rather than signal major governance or control changes. No indications of unusual related-party transactions, option exercises at discounted prices, or material change to board or officer status are present in the filing.

Insider Trading Analyst

TL;DR: Insider reported multiple RSU-derived acquisitions and small-volume sales totaling 703 shares; transaction sizes are modest relative to typical officer holdings.

The transactions include grant conversions (RSUs labeled -4 through -9) and subsequent sales executed at a constant $90.36 price for several lots. The filing provides quantities and post-transaction beneficial ownership levels (e.g., ~9,425 shares). There is no evidence in this Form 4 of accelerated disposals or block trades that would materially alter insider stake. All transactions are reported under standard Section 16 reporting conventions.

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).

1. Name and Address of Reporting Person^*

SPENCER REBECCA

(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)
	VP, Chief Accounting 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		282	A	$0	7,341	D
Common Stock	09/15/2025		M		373	A	$0	7,714	D
Common Stock	09/15/2025		M		555	A	$0	8,269	D
Common Stock	09/15/2025		M		919	A	$0	9,188	D
Common Stock	09/15/2025		M		752	A	$0	9,940	D
Common Stock	09/15/2025		M		188	A	$0	10,128	D
Common Stock	09/15/2025		F		61	D	$90.36	10,067	D
Common Stock	09/15/2025		F		83	D	$90.36	9,984	D
Common Stock	09/15/2025		F		123	D	$90.36	9,861	D
Common Stock	09/15/2025		F		211	D	$90.36	9,650	D
Common Stock	09/15/2025		F		180	D	$90.36	9,470	D
Common Stock	09/15/2025		F		45	D	$90.36	9,425	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 -4	(1)	09/15/2025		M			282	(2)	(3)	Common Stock	282	$0	565	D
Restricted Stock Units -5	(1)	09/15/2025		M			373	(4)	(3)	Common Stock	373	$0	2,240	D
Restricted Stock Units -6	(1)	09/15/2025		M			555	(4)	(3)	Common Stock	555	$0	3,334	D
Restricted Stock Units -7	(1)	09/15/2025		M			919	(5)	(3)	Common Stock	919	$0	9,191	D
Restricted Stock Units -8	(1)	09/15/2025		M			752	(6)	(3)	Common Stock	752	$0	10,528	D
Restricted Stock Units -9	(1)	09/15/2025		M			188	(6)	(3)	Common Stock	188	$0	2,632	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 vests on 6/15/22, 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.

4. The reporting person received restricted stock units, 1/16th of which vests 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.

5. The reporting person received restricted stock units, 1/16th of which vests on 6/15/24, 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.

6. The reporting person received restricted stock units, 1/16th of which vests on 6/15/25, 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.

	By: Greg Kerber For: Rebecca Spencer	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.
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 Rebecca Spencer (EBAY) report on Form 4 dated 09/15/2025?

The filing reports conversion of multiple restricted stock unit tranches into common shares and open-market sales of 703 shares at $90.36 per share.

How many shares were sold by the reporting person in the 09/15/2025 transactions?

The Form 4 lists disposals of 61, 83, 123, 211, 180, and 45 shares, which total 703 shares sold.

Were there new equity awards reported for EBAY insider Rebecca Spencer?

Yes; the filing shows RSU awards (labeled -4 through -9) that converted into common stock in amounts including 282, 373, 555, 919, 752, and 188 shares.

What was the reporting persons beneficial ownership after the reported transactions?

The Form 4 shows post-transaction beneficial ownership figures with the most recent line reporting approximately 9,425 common shares.

Do these Form 4 transactions indicate a change in officer status at EBAY?

No. The filing identifies Rebecca Spencer as VP, Chief Accounting Officer and does not report any change in officer or board status.