Kodialam Rajini Sundar 4

What Happened
Rajini Sundar, a director of StubHub Holdings, reported conversions of redeemable preferred stock into Class A common stock on March 17, 2026. The filing shows two conversion transactions that resulted in the acquisition of 55,048 and 93,617 shares (total 148,665 shares). The report also lists two small disposal line items of 1,000 and 2,000 shares (total 3,000 shares) reported at $0.00. The acquisitions are conversions (no cash purchase price reported); proceeds for the disposals are shown as $0.00 in the filing.

Key Details

• Transaction date: 2026-03-17 (reported on Form 4 filed 2026-03-19). Filing appears timely (within the usual 2-business-day window).
• Acquired via conversion: 55,048 and 93,617 shares (total 148,665) — price listed as N/A (conversion).
• Disposed (reported at $0): 1,000 and 2,000 shares (total 3,000) — proceeds reported $0.00.
• Net change reported: net increase of 145,665 shares (148,665 acquired minus 3,000 disposed).
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Footnote: Each share of redeemable preferred stock automatically converted into Class A common stock per the Issuer’s Certificate of Designation.

Context
Conversions of redeemable preferred into common are a form of non-cash issuance (not an open-market buy). These transactions reflect a reclassification of securities rather than a typical buy or sell; they do not by themselves indicate a purchase with cash or an open-market sale. The filing does not explain why 3,000 shares are reported as disposed at $0 (the Form 4 excerpt offers no further detail).