eBay SVP Samantha Wellington Converts RSUs; 1,804 Shares Withheld

What Happened
Samantha Wellington, SVP and Chief Legal Officer of eBay Inc. (EBAY), had restricted stock units (RSUs) convert into 3,387 shares on September 15, 2026. To satisfy tax withholding obligations, 997 and 807 shares (1,804 total) were surrendered at $108.03 per share, totaling $194,886. The conversions are reported as derivative exercises (code M) and the withholdings as tax payment (code F). After withholding, Wellington received a net of 1,583 shares (3,387 acquired less 1,804 withheld). This was a routine vesting and withholding event, not an open-market sale.

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 17, 2026 (timely).
• Acquired: 3,387 shares via conversion/exercise of RSUs (two lots: 1,880 and 1,507) at $0 exercise price.
• Withheld for taxes: 997 shares ($107,706) and 807 shares ($87,180) at $108.03/share; total withheld value $194,886.
• Net shares delivered to insider: 1,583 shares.
• Footnotes: F1 = each RSU equals one share; F2 and F4 describe the vesting schedules (1/16th vests on 6/15/25 or 6/15/26 and then 1/16th each quarter thereafter).
• Shares owned after transaction: not specified in this filing.

Context
This is a standard RSU vesting event with a "sell-to-cover" tax withholding (shares surrendered to pay taxes), not an open-market sale. Such withholding is routine and typically reflects tax obligations rather than a change in insider sentiment or intentional liquidation.