eBay SVP/CTO Mazen Rawashdeh Converts RSUs, Withholds Shares

What Happened
Mazen Rawashdeh, Senior Vice President and Chief Technology Officer of eBay (EBAY), had restricted stock units (RSUs) convert into 10,234 shares on 2026-09-15 (reported 2026-09-17). Of those shares, 5,394 were disposed/withheld to satisfy tax withholding at $108.03 per share, generating approximately $582,713 in tax payments. The conversion entries are coded M (exercise/conversion of derivative) and the share-withholding entries are coded F (payment of exercise price or tax liability).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (appears timely).
• Converted (acquired) shares: 10,234 total (3,166 + 2,444 + 2,500 + 2,124).
• Shares withheld/disposed for taxes: 5,394 total (1,649 + 1,295 + 1,313 + 1,137) at $108.03/share.
• Cash value withheld for taxes: ~$582,713 (sum of listed amounts: $178,141 + $139,899 + $141,843 + $122,830).
• Net newly retained shares from this conversion: 4,840 (10,234 acquired − 5,394 withheld).
• Footnotes indicate these were restricted stock units (RSUs) with staged vesting schedules (see F1–F6); withholding was to cover tax liability (common practice).
• Transaction codes: M = conversion of derivative (RSU vest/settlement), F = payment of tax liability (share withholding). No open-market sale beyond withholding; not a 10% owner filing.

Context
This was a standard RSU vest/settlement with share withholding to cover taxes (a cashless-type transaction for tax purposes). Such withholding is administrative and does not necessarily signal the insider’s view on the company’s stock.