Sweetnam Jordan Douglas Bradley 4
4 · EBAY INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
eBay SVP Jordan Sweetnam Receives RSUs, Nets ~50,183 Shares
What Happened
Jordan Sweetnam, SVP & Chief Commercial Officer of eBay (EBAY), had restricted stock units (RSUs) vest on 2026-03-15. A total of 104,723 RSUs converted into shares (101,112 performance RSUs + 3,611 time-based RSUs). To cover tax withholding, 54,540 shares were surrendered at $91.34 per share (total withholding ≈ $4,981,684), leaving a net issuance to Sweetnam of 50,183 shares (approximate value ≈ $4.58M at $91.34). The conversion/vesting showed $0 exercise price (typical for RSUs). The Form 4 was filed on 2026-03-17 (timely).
Key Details
- Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (timely filing).
- Vesting/conversion (code M/A): 101,112 RSUs (performance) + 3,611 RSUs (time) converted to 104,723 shares.
- Tax withholding (code F): 52,659 shares and 1,881 shares withheld at $91.34 each; withholding totals $4,981,684.
- Net shares issued to insider: 50,183 shares (104,723 − 54,540). Approximate net value at $91.34 ≈ $4.58M.
- Shares owned after the transaction: Not reported in the filing.
- Footnotes: RSUs convert 1-for-1 into common stock (F1); 101,112 RSUs were performance-based and vested 100% on 3/15/26 (F4); other RSUs vest quarterly per the schedule (F2).
- Transaction types: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax liability.
Context
This was a vesting/award event (RSUs converting into shares) with shares surrendered solely to cover taxes — not an open-market sale or discretionary sale. Such tax-withholding disposals are routine after vesting and do not, by themselves, indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-15+3,611→ 9,354 total - Exercise/Conversion
Common Stock
2026-03-15+101,112→ 110,466 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−1,881$171,811→ 108,585 total - Tax Payment
Common Stock
2026-03-15$91.34/sh−52,659$4,809,873→ 55,926 total - Exercise/Conversion
Restricted Stock Units -1
[F1][F2][F3]2026-03-15−3,611→ 14,445 total→ Common Stock (3,611 underlying) - Award
Restricted Stock Units -4
[F1][F4][F3]2026-03-15+101,112→ 101,112 total→ Common Stock (101,112 underlying) - Exercise/Conversion
Restricted Stock Units -4
[F1][F4][F3]2026-03-15−101,112→ 0 total→ Common Stock (101,112 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The reporting person received restricted stock units, 1/16th of which vested on 6/15/23, and an additional 1/16th of which vests each quarter thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- [F3]Not Applicable.
- [F4]The reporting person was granted 101,112 restricted stock units as a result of the company's achievement of certain performance criteria during the period from 1/1/23 to 3/15/26, with 100% of the shares vesting on 3/15/26. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.