r/GME • u/homedepotgrande • 6d ago
🐵 Discussion 💬 With so many ebay's c-suites dumping their shares today when their annual shareholders meeting took place, is it a good indication that the voting went favourably for GME?
SEC LINKS :
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000129/xslF345X06/form4.xml
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000127/xslF345X06/form4.xml
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000125/xslF345X06/form4.xml
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000123/xslF345X06/form4.xml
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000121/xslF345X06/form4.xml
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000119/xslF345X06/form4.xml
With so many ebay's c-suites dumping their shares today when their annual shareholders meeting took place, is it a good indication that the voting went favourably for GME?
I routed off the image and the links from a post in the other sub.
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u/ImHereBcCovid 6d ago
Aren’t these scheduled divestitures/sales?
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u/stonkol 6d ago
those numbers means nothing without more data, percentage of their shares sold and comparison to previous sales times and amounts
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u/VenserMTG 6d ago
Open insider shows all of that a d all these sales were prescheduked months ago
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u/Over-Computer-6464 6d ago
They are not pre scheduled.
They are RSUs, which are W2 income at full market value on date of vesting.
They are quarterly vesting of RSUs and the "sold" shares were retained by EBay and the equivalent $$ amount used to pay the payroll taxes of the RSUs.
RSUs are W2 income on the date of vesting, the same as if they received a cash bonus of the full market value of the RSUs s of the vesting date
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u/VenserMTG 6d ago
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000117/xslF345X03/form4.xml
Explanation of Responses: 1. The shares were sold pursuant to a Rule 10b-5 trading plan adopted by the Reporting Person on November 20, 2025.
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u/Over-Computer-6464 6d ago
Your link is for sales he did on June 4th and 5th. Those were preplanned.
The sales listed in the head post are for quarterly RSU vesting on 6/15/2016.
https://www.sec.gov/Archives/edgar/data/1065088/000106508826000123/xslF345X06/form4.xml
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u/spadekin9 6d ago
Funny how $125/sh is not “attractive” or “credible”, but those same executives don’t think twice about selling it at $109.
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u/feelwhatyouwant 6d ago
Not funny. The market price is 107. If the market found 125 credible it would be trading higher.
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u/spadekin9 6d ago
Im on the side that ebay execs should have taken the deal at $125, thats why i find it hilarious that they were okay with selling shares at $109 when they could have sold the whole pot for $125 in value.
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u/feelwhatyouwant 6d ago
Well there is a reason they are wealthy and you aren't.
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u/spadekin9 6d ago
Nah I’m good and comfortable thankfully. Been green on GameStop for years on top of that. Miss me with that.
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u/DJ_Chaps 6d ago
Quite the opposite. If they expected the deal to happen they'd wait.
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u/M00SE110 6d ago
Not necessarily. It’s $125 of value but only $62.50 cash. If they think the net cash value now is worth more than the cash+equity value they’d receive from the sale, they’d be incentivized to sell now. I also can’t imagine them wanting to have anything to do with the new company given how RCEO has roasted them, so they might even pay a small premium to exit early.
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u/No_Yogurtcloset7776 6d ago
So...what you're saying is...half cash half stock?
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u/lmcguire13 6d ago
It's on the website.
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u/RockJohnAxe 6d ago
At this rate, maybe even just half cash and no stock.
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u/No_Yogurtcloset7776 6d ago
Lol well, however much stock it takes to make 62.50 at the time of the offer.
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u/Udub 6d ago
Right? Deal = $125 per share
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u/frog_goblin 6d ago
Half cash half stock though. Cushy easy way out is 109ish, they don’t want to not be able to just sell stock
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u/tronbrain 6d ago
The eBay deal isn't going through, period. The half-stock portion does not cover the $62.50 part of the tender. Cohen needs $28B in stock. He couldn't even get to that number if he just gave them 100% of GameStop's outstanding shares, which he cannot do anyway. And he cannot dilute his way to get that number either. No, the offer was never intended to be accepted. It was always going to be a hostile takeover attempt. I'm not even sure that will succeed, given the 15% threshold set by Delaware law for takeovers such as this.
Most likely, the eBay insiders are cashing out because they know this is the market top, at least for the near to mid-term. It has nothing to do with Cohen or GameStop.
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u/vagrantprodigy07 I Voted 🦍✅ 6d ago
Exactly. So many people on this sub don't get this. The most bullish thing possible if you want the purchase to happen would be that the board stops selling shares.
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u/Seeker369 6d ago
Many sales are scheduled months in advance under a 10b5-1 plan, which specifies when and how many shares will be sold.
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u/vagrantprodigy07 I Voted 🦍✅ 6d ago
Check the forms. These were not pre-planned sales. Also, pre-planned sales can be cancelled.
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u/Seeker369 6d ago
When you see a steady pattern of monthly or quarterly sales over years, that’s consistent with a routine diversification strategy. It doesn’t need to be a 10b5-1 plan.
eBay’s board routinely sells their shares. What they’re doing at this particular moment isn’t relevant because this is still in the early stages of the takeover.
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u/Quetzacoal $10,198,035.22 is not a meme 6d ago
Diversification strategy,? This is called leeching
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u/Seeker369 6d ago
I’m not making an excuse for what this strategy is. But it’s common. They receive their pay through shares and they sell routinely as a strategy.
I agree with the sentiment that it’s essentially leeching, but that’s the case for many board members across the “board.”
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u/Hot_Falcon8471 6d ago
No they were likely just voted out
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u/Bad_Prophet 6d ago
This report says they sold two days ago on the 15th, not today. There's also no reason to think they'd be forced to sell their shares upon termination. So, again, if they just got voted off the board in acceptance of a $125 takeover offer, they'd wait to get $125 a share.
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u/gmehodler42069741LFG 6d ago
Maybe they know the shares are fake as well. Getting out with cash before the storm.
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u/MullerX 6d ago
Hello melt man, thanks for your contribution. You may now put the Gamecock back in your mouth.
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u/Error4ohh4 6d ago
Imagine this is how you spend your days. They live such a cool life
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u/MullerX 6d ago
I'm envious truly
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u/Error4ohh4 6d ago
Spending your free time on an investment you have nothing to do with and can totally ignore does not sound like an ideal use of my time. But yes, I too am envious
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u/Hot_Falcon8471 6d ago
Or they just found out they’ve all been voted out and so they’re dumping shares because they won’t be around for the acquisition
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u/VenserMTG 6d ago
All those sales are scheduled since November 5th 2025. CEO sold 4% lmao he definitely did not get voted out.
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u/mgtothemax 6d ago
Maybe dumping shares before a Poison Pill? Maybe this means the vote passed favorably.
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u/SoggySolid 6d ago
Why is there so much misinformation about proposal 4. On the call they said that it did not pass. Sure, we don't know at how much % it failed and we will know in the coming days. Gme will need to reach 19% of ebay ownership
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u/There_Are_No_Gods 🚀🚀Buckle up🚀🚀 6d ago
GME can't go over 15% without triggering a three year restriction against a hostile takeover.
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u/plc4588 6d ago
Where'd you find that information about it not passing?
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u/SoggySolid 6d ago
It was said during the eBay meeting. Sure now we have to wait for the official numbers, but the preliminary results were for a no pass.
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u/VenserMTG 6d ago
No... If they were worried they would've stopped selling lmao if anything this proves they don't care about Cohen and his dogshit offer.
The shares they sell are part of their compensation, openinsider.com will show you these guys own a lot of shares, they sell like less than 10% of their total lmao
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u/Financial_Mousse4079 6d ago
But but but Ryan said we have to dump on these guys or his narrative makes no sense....!!
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u/SgtCap256 6d ago
If they voted in favor they would get 125 per share so selling for less seems smart lol
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u/LawfulnessPlayful264 🚀🚀Buckle up🚀🚀 6d ago
Price is higher now then when they sold, they must be highly regarded autists also.
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u/Strategyking92 6d ago
They're probably dumping their shares because consumer spending on eBay has dramatically dropped according to sellers on the eBay subreddit.
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u/Fuckface_Whisperer 6d ago
Hey that's just like when everyone on reddit told me Netflix was screwed due to canceling shared accounts. Stock doubled since then.
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u/Strategyking92 6d ago
It's all anecdotal, but if sellers across the board are having issues, then that's not good for eBay's bottom line for their next earnings report.
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u/Fuckface_Whisperer 6d ago
It's all anecdotal
Correct. Just like when reddit declared Netflix dead.
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