Form 4: Iannone discloses RSU grants and $90.36 share sales

Rhea-AI Filing Summary

Jamie Iannone, President and CEO of eBay Inc. (EBAY), reported multiple transactions on 09/15/2025. The filing shows grant-based acquisitions of restricted stock units (RSUs) that convert 1:1 to common shares and several open-market disposals at $90.36 per share.

Iannone received RSU awards in four separate grant tranches totaling 37,704 RSUs (8,125 + 11,667 + 9,264 + 8,648) that vest in 1/16 increments beginning on 6/15/2022, 6/15/2023, 6/15/2024 and 6/15/2025 respectively. The report records cash sales on the same date reducing his direct holdings by several blocks (4,218; 6,110; 4,900; 4,623) at $90.36 each. The form also discloses indirect holdings of 109,029 and 109,028 shares attributed to a GRAT and spouse's GRAT.

Positive

• Material RSU grants totaling 37,704 units were reported, showing continued equity-based compensation alignment with management incentives
• Clear vesting schedules (1/16th vesting starting on 6/15/2022, 6/15/2023, 6/15/2024, 6/15/2025) provide transparency on future share issuance timing
• Indirect holdings disclosed via a GRAT and spouse's GRAT (109,029 and 109,028 shares) clarify substantial beneficial ownership beyond direct holdings

Negative

• Open‑market disposals of 19,851 shares executed at $90.36 reduce the reporting person’s direct holdings on the filing date
• Net change in direct ownership shows decreases in direct shares after the reported sales despite RSU acquisitions

Insights

Corporate Governance Expert

TL;DR: Routine executive compensation vesting plus contemporaneous sales; disclosures align with standard Section 16 reporting.

The filing documents time‑based RSU vesting schedules and immediate open‑market disposals at a fixed price, consistent with executives monetizing portions of vested equity. The separate identification of indirect holdings via a GRAT and spouse's GRAT provides useful clarity on total beneficial ownership. Transactions appear procedural rather than signaling extraordinary events.

Compensation & Securities Analyst

TL;DR: Significant RSU grants increase potential equity exposure while sales partially reduce direct holdings.

The RSU awards total 37,704 units across four grant vintages with staged 1/16th quarterly vesting, which will convert to shares upon vesting and dilute over time if used for compensation. Concurrent sales of 19,851 shares occurred at $90.36 per share, lowering direct share counts reported. Disclosure of GRATS explains sizable indirect positions totaling 218,057 shares (combined), important for assessing control and alignment with shareholders.

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^*

IANNONE JAMIE

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		8,125	A	$0	247,716	D
Common Stock	09/15/2025		M		11,667	A	$0	259,383	D
Common Stock	09/15/2025		M		9,264	A	$0	268,647	D
Common Stock	09/15/2025		M		8,648	A	$0	277,295	D
Common Stock	09/15/2025		F		4,218	D	$90.36	273,077	D
Common Stock	09/15/2025		F		6,110	D	$90.36	266,967	D
Common Stock	09/15/2025		F		4,900	D	$90.36	262,067	D
Common Stock	09/15/2025		F		4,623	D	$90.36	257,444	D
Common Stock								109,029	I	By GRAT
Common Stock								109,028	I	By Spouse's GRAT

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			8,125	(2)	(3)	Common Stock	8,125	$0	16,252	D
Restricted Stock Units -8	(1)	09/15/2025		M			11,667	(4)	(3)	Common Stock	11,667	$0	70,000	D
Restricted Stock Units -11	(1)	09/15/2025		M			9,264	(5)	(3)	Common Stock	9,264	$0	92,646	D
Restricted Stock Units -13	(1)	09/15/2025		M			8,648	(6)	(3)	Common Stock	8,648	$0	121,072	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: Jamie Iannone	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 CEO Jamie Iannone report on Form 4 (09/15/2025)?

The filing reports acquisition of 37,704 RSUs across four grants and open‑market disposals totaling 19,851 shares sold at $90.36 per share on 09/15/2025.

How do the RSU vesting schedules work for Jamie Iannone's grants?

Each RSU grant vests 1/16th on the initial vest date (6/15/2022; 6/15/2023; 6/15/2024; 6/15/2025) and then 1/16th each quarter thereafter, converting to one share per vested RSU.

What indirect holdings does the Form 4 disclose for EBAY's CEO?

The filing discloses indirect beneficial ownership of 109,029 shares by a GRAT and 109,028 shares by the spouse's GRAT.

Did the Form 4 indicate any option exercises or derivative transactions?

No option exercises are reported; the document shows only restricted stock unit acquisitions and common stock disposals.

Are the reported sales likely part of a planned program?

The filing does not state a 10b5‑1 plan or similar; it only records the sales and does not provide programmatic context.