eBay (EBAY) Director Adriane M. Brown Exercises Derivative, Receives RSU Award

What Happened

• Adriane M. Brown, a non-employee director of eBay Inc. (EBAY), had a conversion/exercise of derivative interests for 3,355 shares and received a new grant of 2,318 restricted stock units (RSUs) on 2026-06-17. The reported exercise/conversion and corresponding disposition show $0.00 cash exchanged. The RSU award represents the director grant described in the filing (see footnotes).

Key Details

• Transaction date: 2026-06-17; Form 4 filed 2026-06-18 (timely).
• Exercise/Conversion (code M): 3,355 shares acquired and 3,355 derivative shares disposed, at $0.00 per share (no cash reported).
• Grant/Award (code A): 2,318 RSUs granted at $0.00 per share in the filing; the grant is structured under the director award policy.
• RSU value/structure (footnote): Each RSU equals a contingent right to one share. The RSU grant was set using a $250,000 target value divided by the issuer’s closing stock price on the grant date (rounded up). That produces ~2,318 RSUs (implying an approximate per-share reference near $108).
• Shares owned after transaction: Not specified in this Form 4.
• No sale of common stock (no S-code) was reported in this filing.

Context

• The M-code entries reflect conversion/exercise of derivative interests; the paired acquisition and disposition at $0.00 typically indicate a conversion event rather than a market sale of shares. The A-code grant is a standard non-employee director RSU award that vests per the terms in the footnote (100% vests on the earlier of one year after grant or the next annual meeting, subject to continued service).
• These types of director grants are routine compensation and do not by themselves indicate insider sentiment about the stock. The filing was timely (filed one day after the transaction date).