Estate move shifts 130,800 eBay (EBAY) shares between GRATs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EBay Inc.'s President and CEO Jamie Iannone reported estate-planning transfers involving 130,800 shares of eBay common stock. The filing shows four bona fide gift transactions coded "G" at a price of $0.0000 per share, moving shares among grantor retained annuity trusts (GRATs) and a spouse-related account.
According to the footnotes, both Iannone and his spouse received pre-determined annuity payments of 32,700 shares from existing GRATs and contributed those shares to new GRATs, with Iannone serving as trustee. The disclosure states these movements resulted in no net change to his total beneficial ownership of eBay stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
130,800 shares gifted
Mixed
7 txns
Insider
IANNONE JAMIE
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 32,700 | $0.00 | -- |
| Gift | Common Stock | 32,700 | $0.00 | -- |
| Gift | Common Stock | 32,700 | $0.00 | -- |
| Gift | Common Stock | 32,700 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 76,328 shares (Indirect, By Spouse's GRAT A);
Common Stock — 291,314 shares (Direct, null)
Footnotes (1)
- The reporting person's spouse received a pre-determined annuity payment from their grantor retained annuity trust ("Spouse's GRAT A"), of which the reporting person is the trustee and the reporting person's spouse is the annuitant, of 32,700 shares of eBay common stock. For estate planning purposes, the reporting person's spouse contributed all of these shares to a new grantor retained annuity trust ("Spouse's GRAT B"), of which the reporting person is the trustee and the reporting person's spouse is the annuitant. Shares of eBay common stock held by Spouse's GRAT A and Spouse's GRAT B are reported as indirectly beneficially owned by the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. These transactions resulted in no net change to the reporting person's total beneficial ownership of eBay common stock. The reporting person received a pre-determined annuity payment from their grantor retained annuity trust ("GRAT A"), of which the reporting person is the trustee and the annuitant, of 32,700 shares of eBay common stock. For estate planning purposes, the reporting person contributed all of these shares to a new grantor retained annuity trust ("GRAT B"), of which the reporting person is the trustee and the annuitant. These transactions resulted in no net change to the reporting person's total beneficial ownership of eBay common stock.
Key Figures
Total gift transfers: 130,800 shares
Per-gift share amount: 32,700 shares
Gift price: $0.0000 per share
+3 more
6 metrics
Total gift transfers
130,800 shares
Aggregate bona fide gifts of common stock on May 21, 2026
Per-gift share amount
32,700 shares
Shares in each of four G-code gift transactions
Gift price
$0.0000 per share
Reported transaction price for G-code gifts
Direct holdings
291,314 shares
Common stock held directly after transactions
Indirect holdings via GRAT B
32,700 shares
Common stock held indirectly by GRAT B after transactions
Indirect holdings via GRAT A
76,329 shares
Common stock held indirectly by GRAT A after transactions
Key Terms
grantor retained annuity trust, bona fide gift, indirectly beneficially owned, pecuniary interest, +1 more
5 terms
grantor retained annuity trust financial
"the reporting person's spouse received a pre-determined annuity payment from their grantor retained annuity trust ("Spouse's GRAT A")"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirectly beneficially owned financial
"Shares of eBay common stock held by Spouse's GRAT A and Spouse's GRAT B are reported as indirectly beneficially owned by the reporting person."
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any."
annuity payment financial
"received a pre-determined annuity payment from their grantor retained annuity trust"
FAQ
What insider transactions did eBay (EBAY) disclose for Jamie Iannone?
EBay reported that President and CEO Jamie Iannone recorded four bona fide gift transactions totaling 130,800 shares of common stock. These gifts moved shares among grantor retained annuity trusts and spouse-related holdings as part of estate planning, with no market sale involved.
What are GRAT A and GRAT B in Jamie Iannone’s eBay (EBAY) filing?
GRAT A and GRAT B are grantor retained annuity trusts used in estate planning. The filing explains that pre-determined annuity payments of 32,700 shares from existing GRATs were contributed into new GRATs, with Jamie Iannone acting as trustee.
Did these eBay (EBAY) insider gifts change Jamie Iannone’s overall ownership?
The footnotes state the transactions resulted in no net change to Jamie Iannone’s total beneficial ownership of eBay common stock. Shares were simply reallocated among GRATs and spouse-related holdings while overall beneficial exposure remained the same.