Rawashdeh Mazen 4
Research Summary
AI-generated summary
eBay (EBAY) CTO Mazen Rawashdeh Exercises RSUs and Sells Shares
What Happened
- Mazen Rawashdeh, SVP & Chief Technology Officer of eBay (EBAY), converted/exercised a total of 96,779 restricted stock units/derivatives (including an 88,668-share performance award that vested 100% on 3/15/26). To cover tax withholding, 50,443 shares were withheld/sold at $91.34 per share, generating $4,607,464 in proceeds. After withholding, roughly 46,336 shares were delivered to Rawashdeh.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely within the 2-business-day window).
- Per-share price for the withholding/sale: $91.34; tax-withholding proceeds: $4,607,464 (from 50,443 shares).
- Conversions/awards involved: 88,668 performance RSUs (100% vested on 3/15/26 per footnote F6) plus smaller vesting tranches of 3,167; 2,500; and 2,444 RSUs.
- Codes and what they mean: M = exercise/conversion of derivative (RSU → shares); A = award/grant (the performance RSU grant); F = payment of exercise price or tax liability (share withholding/sale to cover taxes).
- Shares owned after the transaction are not specified in the summary data of this prompt/filing.
Context
- This was primarily a vesting/conversion of RSUs with routine tax-withholding (some shares withheld/sold to cover tax obligations), not an open-market sale for investment purposes. For RSU events, exercising/converting is standard when restricted units vest and convert into shares; withholding sales to satisfy taxes are common and do not necessarily signal a view on the company’s stock.
- The material item was the performance-based award (F6) that vested in full on 3/15/26; the withholding/sale is consistent with standard tax-settlement procedures.