StubHub (STUB) director logs preferred-to-Class A stock conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
StubHub Holdings director Jeremy S. Levine reported derivative conversions into Class A common stock through affiliated investment entities. On March 17, 2026, 1,500 shares of Series M Redeemable Preferred Stock held by Deer Partners Investment Fund LLC and 1,000 shares of Series O Redeemable Preferred Stock held by Cloud All Star Fund LP automatically converted into Class A common stock under the issuer’s Certificate of Designation.
The conversions yielded 82,572 Class A shares credited to Deer Partners Investment Fund LLC and 46,808 Class A shares credited to Cloud All Star Fund LP, both reported as indirect holdings. After these events, Deer Partners Investment Fund LLC held 5,020,037 Class A shares, while Levine also had direct ownership of 7,700 shares and additional indirect interests through various Bessemer Venture Partners funds. Footnotes state Levine may be deemed to share voting and investment power over these entities’ positions but disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,500 shares exercised/converted
Mixed
9 txns
Insider
Levine Jeremy S.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series M Redeemable Preferred Stock | 1,500 | $0.00 | -- |
| Conversion | Series O Redeemable Preferred Stock | 1,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 82,572 | $0.00 | -- |
| Conversion | Class A Common Stock | 46,808 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Series M Redeemable Preferred Stock — 0 shares (Indirect, Deer Partners Investment Fund LLC);
Series O Redeemable Preferred Stock — 0 shares (Indirect, Cloud All Star Fund LP);
Class A Common Stock — 5,020,037 shares (Indirect, Deer Partners Investment Fund LLC);
Class A Common Stock — 7,700 shares (Direct)
Footnotes (1)
- Represents restricted stock unit ("RSU"), which vest in accordance with the terms of the applicable awards. Each RSU represents a contingent right to receive one share of Issuer Class A common stock. The Reporting Person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof. Deer VIII & Co. L.P. ("Deer VIII LP") is the general partner of Bessemer Venture Partners VIII L.P. ("BVP VIII") and Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst"). Deer VIII & Co. Ltd. ("Deer VIII Ltd.") is the general partner of Deer VIII LP. Robert P. Goodman, David Cowan, Scott Ring, Sandra Grippo, Jeremy Levine, Byron Deeter and Robert M. Stavis serve as the directors of Deer VIII Ltd. and are the individuals who make investment and voting decisions on behalf of BVP VIII and BVP VIII Inst., collectively. Investment and voting decisions with respect to our shares held by BVP VIII and BVP VIII Inst are made by the directors of Deer VIII Ltd. acting as an investment committee. Deer X & Co. L.P. ("Deer X LP") is the general partner of Bessemer Venture Partners Century Fund L.P. ("BVP CF") and Bessemer Venture Partners Century Fund Institutional L.P. ("BVP CF Inst"). Deer X & Co. Ltd. ("Deer X Ltd.") is the general partner of Deer X LP. Robert P. Goodman, (Continued from footnote 2) David Cowan, Jeremy Levine, Byron Deeter, Adam Fisher, Brian Feinstein, Alex Ferrara, Stephen Kraus, Scott Ring and Sandra Grippo are the directors of Deer X Ltd. and are the individuals who make investment and voting decisions on behalf of BVP CF and BVP CF Inst., collectively. Investment and voting decisions with respect to our shares held by BVP CF and BVP CF Inst are made by the directors of Deer X Ltd. acting as an investment committee. by Deer Partners Investment Fund LLC ("DPIF") is a member-managed LLC. Voting and investment decisions over our shares held by DPIF are made by members of DPIF holding a majority in interests of DPIF's position in us. Certain affiliates of the Bessemer Entities own a material interest in Cloud All Star Fund GP, LLC, the general partner of Cloud All Star Fund, L.P. ("CASF"), which has voting and dispositive power with respect to the shares held by CASF. (Continued from footnote 3) The Reporting Person is a Partner at Bessemer Venture Partners may be deemed to have shared voting and investment power over the shares held by BVP VIII, BVP VIII Inst, BVP CF Inst, BVP CF, DPIF and CASF (as defined above). The Reporting Person disclaims beneficial ownership interest of the securities held by BVP VIII, BVP VIII Inst, BVP CF Inst, BVP CF, DPIF and CASF, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect and/or direct interest in such entities. Each share of redeemable preferred stock automatically converted into shares of Class A common stock of the Issuer, pursuant to the terms as specified in the Issuer's Certificate of Designation.
Key Figures
Series M preferred converted: 1,500 shares
Series O preferred converted: 1,000 shares
Class A from Series M: 82,572 shares
+5 more
8 metrics
Series M preferred converted
1,500 shares
Series M Redeemable Preferred Stock converted on March 17, 2026
Series O preferred converted
1,000 shares
Series O Redeemable Preferred Stock converted on March 17, 2026
Class A from Series M
82,572 shares
Class A common stock underlying Series M preferred for Deer Partners Investment Fund LLC
Class A from Series O
46,808 shares
Class A common stock underlying Series O preferred for Cloud All Star Fund LP
Deer Partners Class A holding
5,020,037 shares
Class A common stock held indirectly after conversion by Deer Partners Investment Fund LLC
Direct Class A holding
7,700 shares
Class A common stock held directly by Jeremy S. Levine after transactions
BVP VIII Inst holding
11,094,612 shares
Class A common stock held indirectly via Bessemer Venture Partners VIII Institutional L.P.
BVP CF Inst holding
1,483,570 shares
Class A common stock held indirectly via Bessemer Venture Partners Century Fund Institutional L.P.
Key Terms
restricted stock unit ("RSU"), redeemable preferred stock, Certificate of Designation, beneficial ownership, +2 more
6 terms
restricted stock unit ("RSU") financial
"Represents restricted stock unit ("RSU"), which vest in accordance with the terms of the applicable awards."
redeemable preferred stock financial
"Each share of redeemable preferred stock automatically converted into shares of Class A common stock of the Issuer"
Certificate of Designation regulatory
"automatically converted into shares of Class A common stock of the Issuer, pursuant to the terms as specified in the Issuer's Certificate of Designation."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership interest of the securities held by BVP VIII, BVP VIII Inst, BVP CF Inst, BVP CF, DPIF and CASF"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect and/or direct interest in such entities."
voting and investment decisions financial
"Investment and voting decisions with respect to our shares held by BVP VIII and BVP VIII Inst are made by the directors of Deer VIII Ltd."
FAQ
What did StubHub (STUB) director Jeremy Levine report in this Form 4?
Jeremy Levine reported conversions of redeemable preferred stock into StubHub Class A common stock held through investment entities. The filing shows derivative conversions, not open-market buying or selling, and updates both direct and indirect ownership positions across several affiliated funds on March 17, 2026.
What preferred securities of StubHub were converted into common stock?
The filing shows 1,500 shares of StubHub Series M Redeemable Preferred Stock and 1,000 shares of Series O Redeemable Preferred Stock converted into Class A common stock. Each preferred share automatically converted pursuant to terms described in the issuer’s Certificate of Designation applicable to those redeemable preferred series.
What are Jeremy Levine’s reported StubHub holdings after these transactions?
After the conversions, Deer Partners Investment Fund LLC held 5,020,037 StubHub Class A shares indirectly attributed to Levine. He is also shown with 7,700 Class A shares held directly, plus substantial additional indirect holdings via multiple Bessemer Venture Partners funds listed in the holdings table.
Were these StubHub transactions open-market buys or sales of Class A stock?
No, the transactions are coded as conversions of derivative securities into StubHub Class A common stock. The filing does not report open-market purchases or sales; it reflects automatic conversions of redeemable preferred stock and updates to direct and indirect ownership positions accordingly.