Boone Cornelius 4

What Happened

• Boone Cornelius, SVP and Chief People Officer at eBay (EBAY), had restricted stock units (RSUs) convert to common stock on 2026-06-15. A total of 8,897 shares were issued upon vesting (recorded as exercise/conversion of derivatives, code M) at $0.00 exercise price.
• To satisfy tax withholding obligations (code F), 3,394 of those shares were surrendered/sold at $109.18 per share, generating proceeds of approximately $370,557. After withholding, Cornelius retained a net increase of 5,503 shares from this vesting event.
• This is a routine vesting and tax-withholding transaction (not an open-market purchase or discretionary sale).

Key Details

• Transaction date: 2026-06-15; filing date: 2026-06-17 (timely Form 4 filing).
• Acquired on vesting: 8,897 shares (conversion of RSUs) at $0.00 (derivative conversion, code M).
• Shares withheld/sold for taxes: 3,394 shares at $109.18 each; total value ≈ $370,557 (payment of tax liability, code F).
• Net shares retained from this event: 5,503 shares (8,897 − 3,394).
• Footnotes: RSUs convert 1-for-1 into common shares (F1). Vesting schedules referenced (F2–F6) indicate staggered quarterly vesting dating back to 6/15/23 and through 6/15/26.
• No 10b5-1 plan or late filing indicated in the report.

Context

• This is a standard RSU vest-and-withhold (cashless) transaction: RSUs vested and a portion of shares were surrendered/sold solely to cover tax withholding. Such transactions are administrative and do not necessarily signal buying or selling intent.
• For retail investors, purchases or open-market buys by insiders can be considered more informative; this filing reflects compensation vesting and tax settlement rather than a market-directed trade.