SPENCER REBECCA 4

What Happened

• Rebecca Spencer, Vice President and Chief Accounting Officer of eBay, had multiple restricted stock units (RSUs) convert into 3,070 shares on 2026-03-15 (reported on Form 4). The RSU conversions were recorded as exercise/conversion of derivatives (code M) at $0.00 per share. To cover tax withholding (code F), 688 shares were surrendered at $91.34 per share, totaling about $62,842. Net shares added to her holdings from this vest/settlement were 2,382 shares (3,070 acquired − 688 withheld). This was a routine vesting/withholding event, not an open-market buy or sale.

Key Details

• Transaction date: 2026-03-15 (filed 2026-03-17).
• Conversions (M): six RSU tranches converted to a total of 3,070 shares (individual tranches: 283, 373, 555, 919, 752, 188).
• Tax withholding (F): 688 shares withheld/disposed at $91.34 each, total ≈ $62,842.
• Net shares received: 2,382 shares.
• Footnotes: RSUs represent contingent rights to one share each; vesting schedules referenced for grants from 2022–2025 (see F1–F6).
• Filing timeliness: no late filing flag shown in the provided excerpt.

Context

• This was a conversion/vesting of RSUs with shares withheld to satisfy tax withholding — effectively a cashless settlement — not a market sale or purchase. Such transactions are routine compensation events and do not by themselves indicate an insider buying or selling shares in the open market.