SHARPLES BRIAN 4

What Happened

• Brian Sharples, a non-employee director of eBay Inc. (EBAY), received a grant of 2,318 restricted stock units (RSUs) and on the same date had 892 derivative units reported as exercised/converted (code M). All transactions are reported at $0.00 in the filing, i.e., no cash price is shown.
• The RSUs are awards (not open-market purchases or sales) and represent contingent rights to receive shares of eBay common stock when they vest.

Key Details

• Transaction date: June 17, 2026; Form 4 filed June 18, 2026 (timely).
• Reported amounts/prices: 2,318 RSUs granted (code A) @ $0.00; 892 derivative units exercised/converted (code M) shown both as acquired and disposed @ $0.00.
• Shares owned after the transactions: not specified in the filing.
• Relevant footnotes:
  • F1: Each RSU equals a contingent right to one share of common stock.
  • F2: The 892-unit grant/award relates to a pro‑rated director grant based on $66,438, vesting 100% on the earlier of 6/25/2026 or the first annual meeting after grant (service requirement applies).
  • F4: The 2,318-unit grant represents the standard non-employee director award derived from $250,000 divided by the closing share price on the grant date; vests 100% on the earlier of the one‑year anniversary or the first annual meeting after grant (service requirement applies).
• The filing does not explain the $0.00 disposition for the 892 units (no sale price or tax-withholding detail provided).

Context

• These are standard director equity awards and a derivative conversion—common compensation for board service—rather than open-market buying or selling of shares. Awards are informational about compensation but do not by themselves signal the director’s view of the stock.
• For derivative activity: the filing uses the exercise/conversion code (M). Because no cash value or disposition reason is provided, retail investors should treat this as administrative equity compensation/settlement rather than a market purchase or an opportunistic sale.