Transaction summaryMetric Value Shares sold (directly held) 18,130 Transaction value $165,346 Post-transaction shares (total) 12,333,606 Post-transaction shares (directly held) 12,244,188 Post-transaction shares (indirectly held) 89,418 Post-transaction value $112.5 millionTransaction value based on SEC Form 4 weighted average sale price ($9.12); post-transaction value based on August 5, 2026 market close ($9.12). The transaction was a non-discretionary disposition of 18,130 shares to satisfy tax withholding obligations. Following this transaction, Baker retains substantial exposure to the company through ~12.3 million total shares, which had a market value of $112.5 million as of the August 5, 2026 close. The company generated $1.8 billion in revenue on a trailing 12-month basis, reflecting its significant scale within the secondary ticketing market. What this transaction means for investorsStubHub founder and CEO Eric Baker’s Aug. 5 sale of company shares is not a red flag for investors, given it was a mandatory disposition to fulfill tax withholding obligations.