Levine Jeremy S. 4

What Happened
Jeremy S. Levine (reported as a 10% owner / Partner at Bessemer) converted derivative securities into shares of StubHub on 2026-03-17. The filing shows two conversion-acquisitions of 82,572 and 46,808 shares (total 129,380 shares converted) and two small derivative disposals of 1,500 and 1,000 shares (total 2,500). Net result: a net increase of 126,880 shares. No per-share prices or total dollar values were reported (price = N/A).

Key Details

• Transaction date (period of report): 2026-03-17; Form 4 filed 2026-03-31.
• Transaction type/code: “C” = conversion of a derivative security; two disposals listed as derivative dispositions.
• Specific line items: +82,572 shares (conversion), +46,808 shares (conversion), -1,500 shares (conversion/disposed), -1,000 shares (conversion/disposed).
• Net change: +126,880 shares. Price/value: N/A (not reported).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Notable footnotes:
  • F1: The conversions relate to RSUs (each RSU converts to one Class A share); Levine agreed to assign rights to Deer Management Co., LLC for shares/proceeds from that grant.
  • F5: Some conversions may reflect automatic conversion of redeemable preferred into Class A common stock per the issuer’s Certificate of Designation.
  • F2–F4: Levine is a Partner at Bessemer Venture Partners and may have shared voting/investment power over certain Bessemer entities; he disclaims direct beneficial ownership of shares held by those entities except for any pecuniary interest.
• Timeliness: Filing date and report period provided; no indication in the excerpt that the filing was late.

Context

• “Conversion” (code C) here means derivative securities (RSUs and/or converted preferred) were converted into common shares rather than a market purchase. Because no cash was listed, this is not an open‑market buy or cash sale.
• The assignment to Deer Management Co., LLC and the Bessemer-related footnotes indicate these shares/rights may be held or managed through investment entities, and the reporting person disclaims direct beneficial ownership of securities held by those entities except as noted.
• Conversions and assignments can be routine (vesting, structural conversion) and do not necessarily signal buying or selling intent by the insider.