[Form 4] EBAY INC Insider Trading Activity

Rhea-AI Filing Summary

EBay Inc. executive Rebecca Spencer, VP and Chief Accounting Officer, reported multiple equity compensation transactions dated 12/15/2025. Several batches of restricted stock units converted into shares of common stock at an exercise price of $0, increasing her direct holdings. On the same date, small blocks of common stock were withheld or disposed of at $82.59 per share, typically reflecting tax obligations related to the vesting.

After these transactions, Spencer directly owned 11,380 shares of eBay common stock. The restricted stock units vest in equal quarterly installments beginning on 6/15/2022, 6/15/2023, 6/15/2024, and 6/15/2025, with 1/16 of each grant vesting on the initial date and an additional 1/16 vesting each quarter thereafter, delivering one share of common stock for each unit that vests.

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^*

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)
12/15/2025

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	12/15/2025		M		188	A	$0	9,613	D
Common Stock	12/15/2025		M		752	A	$0	10,365	D
Common Stock	12/15/2025		M		919	A	$0	11,284	D
Common Stock	12/15/2025		M		556	A	$0	11,840	D
Common Stock	12/15/2025		M		374	A	$0	12,214	D
Common Stock	12/15/2025		M		282	A	$0	12,496	D
Common Stock	12/15/2025		F		45	D	$82.59	12,451	D
Common Stock	12/15/2025		F		273	D	$82.59	12,178	D
Common Stock	12/15/2025		F		349	D	$82.59	11,829	D
Common Stock	12/15/2025		F		207	D	$82.59	11,622	D
Common Stock	12/15/2025		F		139	D	$82.59	11,483	D
Common Stock	12/15/2025		F		103	D	$82.59	11,380	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 -9	(1)	12/15/2025		M			188	(2)	(3)	Common Stock	188	$0	2,444	D
Restricted Stock Units -8	(1)	12/15/2025		M			752	(2)	(3)	Common Stock	752	$0	9,776	D
Restricted Stock Units -7	(1)	12/15/2025		M			919	(4)	(3)	Common Stock	919	$0	8,272	D
Restricted Stock Units -6	(1)	12/15/2025		M			556	(5)	(3)	Common Stock	556	$0	2,778	D
Restricted Stock Units -5	(1)	12/15/2025		M			374	(5)	(3)	Common Stock	374	$0	1,866	D
Restricted Stock Units -4	(1)	12/15/2025		M			282	(6)	(3)	Common Stock	282	$0	283	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 6/15/25, 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.

3. Not Applicable.

4. 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.

5. 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.

6. 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.

	By: Greg Kerber For: Rebecca Spencer	12/17/2025
	** 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 insider transaction did eBay (EBAY) report for Rebecca Spencer?

Rebecca Spencer, eBay's VP and Chief Accounting Officer, reported multiple transactions on 12/15/2025, including restricted stock units converting into common stock and related share dispositions.

How many eBay (EBAY) shares does Rebecca Spencer own after these transactions?

Following the reported 12/15/2025 transactions, Rebecca Spencer directly beneficially owned 11,380 shares of eBay common stock.

What was the price for the eBay (EBAY) shares disposed of in this Form 4?

The reported dispositions of eBay common stock on 12/15/2025 were at a price of $82.59 per share, typically associated with shares withheld or sold for tax purposes.

How do Rebecca Spencer’s restricted stock units (RSUs) at eBay (EBAY) vest?

The RSU grants vest so that 1/16 vests on an initial date (6/15/2022, 6/15/2023, 6/15/2024, or 6/15/2025, depending on the grant), and an additional 1/16 vests each quarter thereafter. Upon vesting, she receives one share of common stock for each vested unit.

Were Rebecca Spencer’s eBay (EBAY) RSUs exercised at a cash cost?

The RSU conversions reported on 12/15/2025 show an exercise price of $0 for the underlying common stock, meaning the shares were delivered without additional cash payment upon vesting.

What types of securities are reported in Rebecca Spencer’s eBay (EBAY) Form 4?

The Form 4 reports transactions in eBay common stock and restricted stock units that each represent a contingent right to receive one share of eBay common stock upon vesting.