eBay (EBAY) SVP Samantha Wellington Exercises RSUs, Withholds Shares

What Happened

• Samantha Wellington, Senior Vice President and Chief Legal Officer of eBay (EBAY), had restricted stock units convert into shares on August 15, 2026. A total of 1,836 RSUs converted to common shares (reported as an exercise/conversion of a derivative, code M). To satisfy tax withholding, 970 of those shares were withheld/disposed at $103.14 per share, totaling $100,046 (reported under code F).

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026.
• Conversion (code M): 1,836 RSUs converted into 1,836 common shares (acquired).
• Tax withholding (code F): 970 shares withheld/disposed at $103.14 each = $100,046.
• Filing shows an additional derivative line for 1,836 shares (reported as disposed at $0) related to the conversion; this reflects the RSU-to-share conversion reporting.
• Footnotes: F1 notes each RSU equals a contingent right to one share; F2 describes a four-year vesting schedule (25% on 11/15/2025, then quarterly thereafter). F3: Not applicable.
• Shares owned after the transaction: not specified in this filing.
• No late-filing flag is indicated in the report.

Context

• This was a standard RSU vesting event, not an open-market purchase or discretionary sale. The withheld 970 shares represent a common practice of using a portion of vested shares to cover tax withholding (cashless withholding), not an independent market sale decision.
• For retail investors: RSU vesting and tax-withholding transactions are routine and do not necessarily signal a change in insider conviction about the company.