Bhargava Sameer 4

What Happened
Sameer Bhargava, a director of StubHub Holdings, converted Series M redeemable preferred stock into 16,514 shares of Class A common stock on 2026-03-17 (non-cash conversion). The filing also reports 300 shares listed as disposed at $0.00 on the same date. No cash was paid or received in the conversion entries (price reported as N/A/$0), so this was not an open-market buy or sale.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears filed within the standard Form 4 reporting window).
• Primary conversion: 16,514 shares acquired via conversion of Series M redeemable preferred (price: N/A).
• Additional entry: 300 shares disposed at $0.00 (derivative conversion/disposition). Total cash value shown for that disposal: $0.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes:
  • F1 — Each share of Series M redeemable preferred automatically converted into Class A common stock per the issuer’s Certificate of Designation.
  • F2 — Includes shares acquired in a transaction exempt from reporting under Rule 16a-9.

Context
This was a non-cash conversion of preferred into common stock, not an open-market purchase or sale. Conversions like this increase an insider’s common shares but do not reflect a cash investment or a market-driven sale; they are typically mechanical events governed by the company’s charter. Rule 16a-9 and the Certificate of Designation explain why some shares were converted or treated as exempt — these are administrative/transactional, not necessarily a signal of insider sentiment.