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EBAY Form 4: SVP Boone Cornelius Receives 7,183 RSUs, Sells 2,744 Shares

Boone Cornelius, SVP & Chief People Officer of eBay Inc. (EBAY), reported multiple transactions on 09/15/2025.

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Boone Cornelius, SVP & Chief People Officer of eBay Inc. (EBAY), reported multiple transactions on 09/15/2025. The filing shows receipt of restricted stock units (RSUs) in three grants totaling 7,183 RSUs (2,778 + 2,206 + 2,199), which convert 1-for-1 to common shares when vested. After these grants and other activity, the reporting person beneficially owned 100,575 shares at one point and ended with 97,831 shares following three open-market disposals.

The Form 4 also discloses three market sales of common stock on 09/15/2025 totaling 2,744 shares (1,043 + 844 + 857) at a price of $90.36 per share. All holdings are reported as direct ownership. Vesting schedules for the RSU grants are described: one grant began vesting 6/15/23, another 6/15/24, and the third 6/15/25, each vesting in 1/16th increments quarterly thereafter.

Positive

  • Received 7,183 RSUs across three grants, increasing potential long-term alignment with shareholders
  • Vesting schedules disclosed (1/16th cliff plus quarterly vesting) provide clarity on timing of future share issuance

Negative

  • Sold 2,744 shares at $90.36 on 09/15/2025, reducing direct ownership to 97,831 shares
  • Potential dilution from 7,183 additional RSUs when they vest

Insights

TL;DR: Insider received material RSU grants and executed modest sales the same day, leaving direct ownership near ~98k shares.

The filing documents three separate RSU grants totaling 7,183 units that vest over time using 1/16th cliff-plus-quarterly schedules starting on 6/15/2023, 6/15/2024, and 6/15/2025 respectively. Concurrently, the officer sold 2,744 shares at $90.36, reducing direct holdings to 97,831 shares. From a governance perspective, issuance of RSUs aligns with typical executive compensation practices and the concurrent small sales appear routine rather than signaling large-scale divestiture. The transactions are clearly reported and directly owned, minimizing ambiguity about control or indirect holdings.

TL;DR: Multiple vesting-scheduled RSU grants increase potential future dilution while small same-day sales realize cash proceeds.

The RSU grants each convert 1:1 to common shares on vesting, adding 7,183 potential shares subject to staggered vesting. Such grants are standard retention vehicles; their 1/16th quarterly vesting cadence is disclosed in detail. The dispositions total 2,744 shares sold at $90.36, representing routine liquidity rather than full monetization of awards. All derivative holdings reported as 0 price for RSUs prior to vesting and reported as direct beneficial ownership upon payout. No options or other derivative exercises are reported.

Insider Boone Cornelius
Role SVP, Chief People Officer
Type Security Shares Price Value
Exercise Restricted Stock Units -5 2,778 $0.00 $0.00
Exercise Restricted Stock Units -6 2,206 $0.00 $0.00
Exercise Restricted Stock Units -8 2,199 $0.00 $0.00
Exercise Common Stock 2,778 $0.00 $0.00
Exercise Common Stock 2,206 $0.00 $0.00
Exercise Common Stock 2,199 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 1,043 $90.36 $94K
Exercise Price or Tax Liability Common Stock 844 $90.36 $76K
Exercise Price or Tax Liability Common Stock 857 $90.36 $77K
Holdings After Transaction: Restricted Stock Units -5 — 16,667 contracts (Direct); Restricted Stock Units -6 — 22,059 contracts (Direct); Restricted Stock Units -8 — 30,795 contracts (Direct); Common Stock — 97,831 shares (Direct)
Footnotes (5)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
  2. F2. 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.
  3. F3. Not Applicable.
  4. F4. 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. F5. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did EBAY insider Boone Cornelius report on 09/15/2025?
The Form 4 shows receipt of 7,183 restricted stock units (RSUs) and market sales of 2,744 common shares executed at $90.36 per share on 09/15/2025.

How many shares does Boone Cornelius beneficially own after the reported transactions?
Following the reported activity, the filing shows direct beneficial ownership reported as 97,831 shares.

What are the vesting terms for the RSU grants reported by Boone Cornelius?
Each RSU grant vests in 1/16th increments with initial vesting dates of 6/15/2023, 6/15/2024, and 6/15/2025, then an additional 1/16th vesting each quarter thereafter.

Were any options exercised or other derivatives reported in this Form 4?
No option exercises or other derivative instruments were reported; the Form 4 discloses RSUs (derivative securities) and open-market sales of common stock.

Are the reported holdings direct or indirect for Boone Cornelius?
All reported ownership is indicated as Direct (D) in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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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*
Boone Cornelius
(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 People 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 2,778 A $0 96,170 D
Common Stock 09/15/2025 M 2,206 A $0 98,376 D
Common Stock 09/15/2025 M 2,199 A $0 100,575 D
Common Stock 09/15/2025 F 1,043 D $90.36 99,532 D
Common Stock 09/15/2025 F 844 D $90.36 98,688 D
Common Stock 09/15/2025 F 857 D $90.36 97,831 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) 09/15/2025 M 2,778 (2) (3) Common Stock 2,778 $0 16,667 D
Restricted Stock Units -6 (1) 09/15/2025 M 2,206 (4) (3) Common Stock 2,206 $0 22,059 D
Restricted Stock Units -8 (1) 09/15/2025 M 2,199 (5) (3) Common Stock 2,199 $0 30,795 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 6/15/23, 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.
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 6/15/25, 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: Cornelius Boone 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.

Source: View Original Filing on SEC EDGAR

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