Sweetnam Jordan Douglas Bradley 4

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.