StubHub (STUB) Eric H. Baker reports tax share withholding

Rhea-AI Filing Summary

StubHub Holdings, Inc. (STUB) reported an insider transaction by Founder, Chairman and Chief Executive Officer Eric H. Baker. On 11/18/2025, 122,214 shares of Class A common stock were withheld by the company at a price of $12.06 per share to cover his tax withholding obligations, and the filing clarifies this was not a market sale. After this transaction, Baker beneficially owned 12,291,737 Class A shares directly and 34,370 Class A shares indirectly through the Eric H. Baker Family Foundation. The filing is a routine Form 4 disclosure of insider share withholding for taxes rather than an open-market sale.

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

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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).

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^*

Baker Eric Howard

(Last) (First) (Middle)

C/O STUBHUB HOLDINGS, INC.

175 GREENWICH STREET, 59TH FLOOR

(Street)

NEW YORK NY 10007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
StubHub Holdings, Inc. [ STUB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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
Class A Common Stock	11/18/2025		F		122,214(1)	D	$12.06	12,291,737	D
Class A Common Stock								34,370	I	Held by the Eric H. Baker Family Foundation

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

Explanation of Responses:

1. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.

Remarks:

Founder, Chairman and Chief Executive Officer

	/s/ Elizabeth Lynch, as Attorney-in-Fact for Eric H. Baker	11/20/2025
	** 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 StubHub (STUB) report in this Form 4?

The Form 4 reports that Eric H. Baker had 122,214 Class A common shares withheld by StubHub Holdings, Inc. on 11/18/2025 to satisfy tax withholding obligations.

Was the StubHub (STUB) CEO’s Form 4 transaction a market sale?

No. The filing states that the 122,214 shares were withheld by the company to satisfy tax withholding obligations and that this was not a market sale.

How many StubHub (STUB) shares does Eric H. Baker own after the transaction?

Following the transaction, Eric H. Baker beneficially owned 12,291,737 Class A shares directly and 34,370 Class A shares indirectly through the Eric H. Baker Family Foundation.

At what price were the StubHub (STUB) shares withheld for taxes?

The 122,214 Class A common shares were withheld at a price of $12.06 per share to cover Eric H. Baker’s tax withholding obligations.

What is Eric H. Baker’s role at StubHub (STUB)?

Eric H. Baker is identified as Founder, Chairman and Chief Executive Officer of StubHub Holdings, Inc., as well as a Director and 10% owner.

Is this StubHub (STUB) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, covering the holdings and transaction of Eric H. Baker.