StubHub’s Eric Baker exercises options, covers taxes

StubHub Holdings, Inc. director, officer and 10% owner Eric Howard Baker reported an option exercise and related tax withholding in Class A Common Stock.

Accepted by SEC EDGAR 06/26/2026 - 06:06 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

StubHub Holdings, Inc. director, officer and 10% owner Eric Howard Baker reported an option exercise and related tax withholding in Class A Common Stock. He exercised stock options covering 739,316 shares at $0.55 per share and received common shares.

To cover the option exercise price and his tax withholding obligations, 415,116 shares of Class A Common Stock were withheld by the company, which is described as not a market sale. After these transactions, he directly held 12,280,446 shares, with additional indirect holdings through family trusts and the Eric H. Baker Family Foundation.

Insights

Equity compensation analyst

Routine option exercise with shares withheld for taxes, no open‑market sale.

Eric Howard Baker exercised stock options for 739,316 shares of StubHub Holdings Class A Common Stock at $0.55 per share, converting a derivative award into common shares. This is a typical equity compensation event.

To fund the exercise price and satisfy tax obligations, 415,116 shares were withheld by the company at $11.52 per share, explicitly noted as not a market sale. Following the transactions, Baker’s direct holdings increased to 12,695,562 shares, with additional indirect holdings in family-related entities.

Insider Trade Summary

739,316 shares exercised/converted

Exercise 3 txns

Insider Baker Eric Howard

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	739,316	$0.00	$0.00
Exercise	Class A Common Stock	739,316	$0.55	$407K
Exercise Price or Tax Liability	Class A Common Stock	415,116	$11.52	$4.78M
Holding	Class A Common Stock	--	--	--
Holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Class A Common Stock — 12,280,446 shares (Direct); Class A Common Stock — 34,370 shares (Indirect, Held by the Eric H. Baker Family Foundation); Class A Common Stock — 55,048 shares (Indirect, Held by family trusts)

Footnotes (2)

1. F1. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations and to pay the exercise price of the option. Not a market sale.
2. F2. The option is fully vested.

Key Figures

Options exercised: 739,316 shares Exercise price: $0.55 per share Shares withheld: 415,116 shares +4 more

7 metrics

Options exercised 739,316 shares Class A Common Stock at $0.55 per share

Exercise price $0.55 per share Stock option exercise for 739,316 shares

Shares withheld 415,116 shares Withheld to cover exercise price and tax obligations at $11.52

Withholding price $11.52 per share Company share withholding, not a market sale

Direct holdings after transactions 12,695,562 shares Class A Common Stock held directly by Eric Howard Baker

Family trust holdings 55,048 shares Class A Common Stock held indirectly by family trusts

Family foundation holdings 34,370 shares Class A Common Stock held by Eric H. Baker Family Foundation

Key Terms

tax withholding obligations, Stock Option (Right to Buy), derivative security, family trusts, +1 more

5 terms

tax withholding obligations financial

"These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations"

Stock Option (Right to Buy) financial

"security_title": "Stock Option (Right to Buy)""

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

family trusts financial

"nature_of_ownership": "Held by family trusts""

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

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

What did Eric Howard Baker do in this StubHub (STUB) Form 4 filing?

Eric Howard Baker exercised stock options for 739,316 StubHub Class A shares at $0.55 each. The company then withheld 415,116 shares at $11.52 per share to cover his option exercise price and tax obligations, which is described as not a market sale.

Were any StubHub (STUB) shares sold on the market in this Form 4?

No open-market sale is reported. 415,116 shares of StubHub Class A stock were withheld by the company at $11.52 per share to pay the option exercise price and satisfy Eric Baker’s tax withholding obligations, and the filing notes this is not a market sale.

How many StubHub (STUB) options did Eric Baker exercise and at what price?

Eric Baker exercised stock options covering 739,316 shares of StubHub Class A Common Stock. The exercise price was $0.55 per share, converting his derivative option position into common shares as the option was fully vested according to the footnote disclosure in the filing.

What are Eric Baker’s StubHub (STUB) share holdings after these transactions?

After the reported transactions, Eric Baker directly held 12,695,562 StubHub Class A shares. He also had indirect holdings of 55,048 shares through family trusts and 34,370 shares held by the Eric H. Baker Family Foundation, as shown in the holding entries.

How are family trusts and the Eric H. Baker Family Foundation involved with StubHub (STUB) shares?

The filing shows 55,048 StubHub Class A shares held by family trusts and 34,370 shares held by the Eric H. Baker Family Foundation. These are reported as indirect holdings, separate from Eric Baker’s direct ownership of 12,695,562 Class A shares following the transactions.

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).

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 NEW YORK 10007

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/25/2026		M		739,316	A	$0.55	12,695,562	D
Class A Common Stock	06/25/2026		F		415,116(1)	D	$11.52	12,280,446	D
Class A Common Stock								34,370	I	Held by the Eric H. Baker Family Foundation
Class A Common Stock								55,048	I	Held by family trusts

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
Stock Option (Right to Buy)	$0.55	06/25/2026		M			739,316	(2)	07/01/2026	Class A Common Stock	739,316	$0	0	D

Explanation of Responses:

1. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations and to pay the exercise price of the option. Not a market sale.

2. The option is fully vested.

Remarks:

Founder, Chairman and Chief Executive Officer

	/s/ Mark Streams, as Attorney-in-Fact for Eric H. Baker	06/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)