EBAY eBay Inc

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

On March 14, 2023, the Board of Directors (the “Board”) of eBay Inc. (the “Company”) increased its size to 10 members and appointed Shripriya Mahesh as a member of the Board effective immediately. Her term will expire at the Company’s 2023 annual meeting of stockholders or at such time as her respective successor has been elected and qualified. Ms. Mahesh has not been named to a committee of the Board at this time.

As a non-employee director, Ms. Mahesh is entitled to receive the same compensation paid by the Company to each of its non-employee directors as described under “Compensation of Directors” in the Company’s Definitive Proxy Statement for its 2022 Annual Meeting of Stockholders filed with the Securities and Exchange Commission (the “SEC”) on April 21, 2022, which description is incorporated herein by reference. In addition, the Company will enter into its form of Indemnity Agreement with Ms. Mahesh, a copy of which has been filed as Exhibit 10.01 to the Company’s Registration Statement on Form S-1 as filed with the SEC on July 15, 1998.

There is no arrangement or understanding between Ms. Mahesh and any other persons pursuant to which she was appointed as a director. Furthermore, there are no transactions between Ms. Mahesh and the Company that would be required to be reported under Item 404(a) of Regulation S-K.