PRESSLER PAUL S 4

What Happened Paul S. Pressler, a director and Chair of eBay's Board, had activity reported on 2026-06-17: he exercised/converted 4,697 derivative units (transaction code M) reported at $0.00 (both an acquisition and a simultaneous disposition of those 4,697 derivative shares) and was granted 3,245 restricted stock units (RSUs) as an award (transaction code A). The RSU grant was sized per the company footnote as $350,000 divided by the closing stock price on the grant date (resulting in 3,245 RSUs); the grant is reported at $0.00 on the Form 4 but is valued at about $350K by the company formula.

Key Details

• Transaction date: 2026-06-17; Form 4 filed 2026-06-18 (timely).
• Exercise/conversion: 4,697 derivative units at $0.00 (reported as both acquired and disposed — derivative).
• Grant: 3,245 RSUs (reported acquisition) — grant valued at $350,000 per issuer note.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSU count = $350,000 ÷ closing share price, rounded up; RSUs vest 100% on earlier of one-year anniversary or the issuer's first annual meeting after grant, subject to continued service; F3 — Not applicable.
• Transaction codes: M = exercise/conversion of derivative; A = award/grant.

Context These entries reflect compensation-related derivative activity and a director equity grant rather than an open-market buy or sale. The zero-dollar reporting for the derivative conversion and the immediate disposition entry suggest conversion/settlement of previously granted derivative awards (not a market purchase). RSU grants are routine director compensation and vest based on continued service; they do not by themselves indicate insider buying/selling sentiment.