Boone Cornelius 4

What Happened
Boone Cornelius, eBay's Senior Vice President and Chief People Officer, sold a total of 16,685 eBay shares in open-market transactions on March 18, 2026, generating proceeds of approximately $1,542,334. The sales were: 9,485 shares at a weighted average price of $91.87 (≈ $871,387), 5,500 shares at $93.01 (≈ $511,555), and 1,700 shares at $93.76 (≈ $159,392). These were sales (not purchases), which are often routine rather than a direct signal of company outlook.

Key Details

• Transaction date: March 18, 2026; Form filed March 19, 2026 (appears timely).
• Shares sold: 16,685 total (9,485 / 5,500 / 1,700).
• Prices/ranges: weighted prices reported as $91.87, $93.01, $93.76. Footnotes indicate actual sale price ranges were $91.50–$92.49, $92.54–$93.51, and $93.55–$93.95 for the respective lots.
• Proceeds: approximately $1,542,334 total.
• Ownership after transaction: not disclosed in the provided filing information.
• Plan/authorization: sales were made pursuant to a Rule 10b5-1 trading plan adopted May 22, 2025 (pre‑scheduled trading plan).
• Filing status: filed next business day; no late filing flag shown in the provided data.

Context
A 10b5-1 plan allows insiders to sell shares according to a pre-set schedule and is commonly used to avoid questions about timing or intent. Sales under such plans are typically considered routine and do not necessarily indicate management’s view of the company’s near-term prospects. For retail investors, purchases are generally more informative than routine insider sales; this filing documents a scheduled divestiture totaling about $1.54M.