Baker Eric Howard 4

What Happened

• Eric H. Baker, Founder, Chairman and Chief Executive Officer of StubHub (STUB) and a reported 10% owner, exercised 739,316 stock options on 2026-06-25. The exercise price was $0.55 per share (total exercise cost ~$406,624).
• Simultaneously, 415,116 shares were withheld/disposed by the company to satisfy tax withholding and to pay the exercise price, reported at $11.52 per share (value shown $4,782,136). The filing shows the option was fully vested and the withholding was not a market sale.

Key Details

• Transaction date: 2026-06-25; Filing date: 2026-06-26 (filed next day — appears timely).
• Option exercise: 739,316 shares acquired at $0.55 each (Total reported cost $406,624). (Transaction code M)
• Share withholding/tax payment: 415,116 shares disposed at $11.52 each (Value reported $4,782,136). (Transaction code F)
• A derivative conversion line shows 739,316 shares converted (reported at $0.00) consistent with option exercise.
• Footnotes: F1 — shares were withheld by the company to satisfy the reporting person’s tax withholding obligations and to pay the exercise price; not a market sale. F2 — the option exercised is fully vested.
• Shares owned after the transactions are not specified in the excerpt of the filing.

Context

• This was effectively a cashless/withholding-style option exercise: Baker exercised vested options and the company withheld a portion of the issued shares to cover taxes and the exercise cost rather than Baker selling shares on the open market.
• Withholding transactions are routine for option exercises and do not necessarily signal a decision to sell shares on the market. As a founder/CEO and 10% owner, Baker’s exercise increases his recorded ownership via exercised options but the net increase in outstanding personal shares is reduced by the withheld amount.