StubHub (STUB) director-linked trusts convert preferred into Class A stock

Rhea-AI Filing Summary

StubHub Holdings director Rajini Sundar Kodialam reported conversions of redeemable preferred stock into Class A common stock on March 17, 2026. A Sundar-Kodialam revocable trust converted 1,000 shares of Series M Redeemable Preferred Stock into 55,048 shares of Class A common stock at a stated conversion price of $0.0000 per share.

The Kodialam 2014 Family Trust converted 2,000 shares of Series O Redeemable Preferred Stock into 93,617 shares of Class A common stock, also at a stated price of $0.0000 per share. Following these conversions, direct holdings of Class A common stock attributed to Kodialam are 16,060 shares, with additional indirect holdings through the two trusts.

Insider Trade Summary

3,000 shares exercised/converted

Mixed 5 txns

Insider Kodialam Rajini Sundar

Role Director

Type	Security	Shares	Price	Value
Conversion	Series M Redeemable Preferred Stock	1,000	$0.00	--
Conversion	Series O Redeemable Preferred Stock	2,000	$0.00	--
Conversion	Class A Common Stock	55,048	$0.00	--
Conversion	Class A Common Stock	93,617	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Series M Redeemable Preferred Stock — 0 shares (Indirect, Held by Sundar-Kodialam Revocable Trust); Series O Redeemable Preferred Stock — 0 shares (Indirect, Held by Kodialam 2014 Family Trust); Class A Common Stock — 55,048 shares (Indirect, Held by Sundar-Kodialam Revocable Trust); Class A Common Stock — 16,060 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Kodialam Rajini Sundar

(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		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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	03/17/2026		C		55,048	A	(1)	55,048	I	Held by Sundar-Kodialam Revocable Trust
Class A Common Stock	03/17/2026		C		93,617	A	(1)	93,617	I	Held by Kodialam 2014 Family Trust
Class A Common Stock								16,060	D

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
Series M Redeemable Preferred Stock	(1)	03/17/2026		C			1,000	(1)	(1)	Class A Common Stock	55,048	$0	0	I	Held by Sundar-Kodialam Revocable Trust
Series O Redeemable Preferred Stock	(1)	03/17/2026		C			2,000	(1)	(1)	Class A Common Stock	93,617	$0	0	I	Held by Kodialam 2014 Family Trust

Explanation of Responses:

1. 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.

	/s/ Elizabeth Lynch, as Attorney-in-Fact for Rajini Sundar Kodialam	03/19/2026
	** 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)

FAQ

What did Rajini Sundar Kodialam report in StubHub (STUB) Form 4?

Rajini Sundar Kodialam reported conversions of redeemable preferred stock into Class A common stock. Two family trusts converted Series M and Series O preferred into 55,048 and 93,617 Class A shares, respectively, reflecting a shift from preferred to common equity holdings.

How many StubHub (STUB) shares did the Sundar-Kodialam Revocable Trust receive?

The Sundar-Kodialam Revocable Trust received 55,048 Class A common shares. These came from the automatic conversion of 1,000 shares of Series M Redeemable Preferred Stock into Class A common stock under the issuer’s Certificate of Designation terms.

What did the Kodialam 2014 Family Trust acquire in this StubHub (STUB) filing?

The Kodialam 2014 Family Trust acquired 93,617 Class A common shares. These shares resulted from converting 2,000 shares of Series O Redeemable Preferred Stock into Class A common stock, with the conversion occurring automatically under specified terms.

Were these StubHub (STUB) transactions open-market buys or sales?

These transactions were not open-market buys or sales. They are coded as conversions, where Series M and Series O redeemable preferred stock automatically converted into Class A common stock according to the issuer’s Certificate of Designation provisions.

What are Rajini Sundar Kodialam’s direct Class A holdings in StubHub (STUB) after the transactions?

After the reported transactions, direct Class A common stock holdings attributed to Rajini Sundar Kodialam total 16,060 shares. Additional indirect holdings exist through the Sundar-Kodialam Revocable Trust and the Kodialam 2014 Family Trust, which hold the newly converted shares.

How many derivative securities remain after these StubHub (STUB) conversions?

No remaining derivative positions are shown in this data. The filing records the conversion of Series M and Series O redeemable preferred stock into Class A common stock, and the derivative summary section is empty, indicating no other reported derivative holdings.