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Insider Trends: eBay Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 12:35

04:24 PM EDT, 05/11/2021 (MT Newswires) -- Jamie Iannone, President & CEO, exercised options/derivative securities for 112,608 shares of eBay (EBAY) and sold 58,843 shares in the company for $3,517,635 to meet tax obligations on May 07, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 53,765 company shares. Iannone, after the transactions designated in the SEC Form 4 filing, owns 53,977 shares of the company, which have a market value of $3.32 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 20 insider transactions reported to the SEC for eBay. These transactions came from the activities of 6 separate insiders that resulted in a net acquisition of 130,947 company shares. In the preceding 90-day window of time, there were 36 transactions from 10 insiders and resulted in the net disposition of 59,067 shares.

This is a lower level of transactions than the peer group average in the 26-company E-commerce & Auction Services peer group over the last 90-day period. Peer group activity averaged 88.6 transactions per company, and disposition of 118,982 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1065088/000120919121031653/xslF345X03/doc4.xml

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