President and CEO Iannone Jamie received a gift of 109,028 shares, sold $1,074,525 worth of shares (15,000 units at $71.64) and gifted 109,028 shares, decreasing direct ownership by 27% to 337,697 units (SEC Form 4)
$EBAY
Business Services
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
EBAY INC [ EBAY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/20/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 05/20/2025 | G(1) | 109,028 | D | $0 | 352,697 | D | |||
| Common Stock | 05/20/2025 | G(1) | 109,028 | A | $0 | 109,028 | I | By Spouse's GRAT(2) | ||
| Common Stock | 05/21/2025 | S | 7,500 | D | $71.53(3) | 345,197 | D | |||
| Common Stock | 05/22/2025 | S | 7,500 | D | $71.74(4) | 337,697 | D | |||
| Common Stock | 109,029 | I | By GRAT(5) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. The reporting person and his spouse entered into a transmutation agreement (the "Transmutation Agreement") pursuant to which the reporting person and his spouse agreed that (i) 109,028 shares of eBay common stock owned by the reporting person and his spouse as community property would be deemed to be the separate property of the reporting person's spouse (the "Spouse GRAT Shares") and (ii) 109,029 shares of eBay common stock owned by the reporting person and his spouse as community property would be deemed to be the separate property of the reporting person (the "Reporting Person GRAT Shares"). |
| 2. Concurrently with the entry into the Transmutation Agreement, the reporting person's spouse contributed the Spouse GRAT Shares to a grantor retained annuity trust of which the reporting person is the trustee and the reporting person's spouse is the annuitant. Accordingly, such shares are now reported as indirectly beneficially owned by the reporting person through such grantor retained annuity trust. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. |
| 3. Represents the weighted average price of shares sold at prices that ranged from $71.46 to $71.58. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. |
| 4. Represents the weighted average price of shares sold at prices that ranged from $71.72 to $71.78. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. |
| 5. Concurrently with the entry into the Transmutation Agreement, the reporting person contributed the Reporting Person GRAT Shares to a grantor retained annuity trust of which the reporting person is the trustee and the annuitant. Accordingly, such shares are now reported as indirectly beneficially owned by the reporting person through such grantor retained annuity trust, and the number of shares reported as directly beneficially owned by the reporting person has been reduced by the same amount. |
| By: Greg Kerber For: Jamie Iannone | 05/22/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||