StubHub Holdings, Inc.: Appoints Andrew Raab to board

What happened

• The filing reported that on Oct 16, 2026 the Board appointed Andrew Raab to fill an existing vacancy and serve as a director, effective immediately, with a term expiring at the company’s 2027 annual meeting of stockholders.
• The filing reported that Mr. Raab is not expected to serve on any committee of the Board and that he will receive compensation under the company’s non-employee director compensation program and a standard indemnification agreement.

Key details

• Mr. Raab is co-founder of FPR Partners and previously served at Hellman and Friedman, Bain Capital and Donaldson, Lufkin and Jenrette; he holds an MBA from Stanford and a BA from the University of Michigan.
• The filing reported prior and related transactions: on Aug 15, 2025 Mr. Raab purchased 2,000 shares of Series O redeemable preferred stock at $1,000 per share for gross proceeds of approximately $2,000,000, which automatically converted on Mar 17, 2026 into 93,617 shares of Class A common stock.
• The filing reported a consulting agreement dated Mar 27, 2026 under which Mr. Raab will provide advisory services for a term of 3 years; as compensation he received restricted stock units with an aggregate grant date fair value of $200,000, 50% of which vested on the Mar 27, 2026 effective date and the remainder vesting 1/24th on each quarterly anniversary beginning Jul 1, 2026.

Why it may matter

• This Item 5.02 filing reports a director appointment and discloses related transactions and compensation arrangements, which are the types of matters covered by Item 5.02 (departure or election of directors and certain officers). A filing does not show why the insider traded or why the company acted.