SCHEDULE 13G: StubHub Holdings Insider Boosts Stake to 9.4%

Eric H. Baker, a U.S. citizen, has reported beneficial ownership of 9.4% of StubHub Holdings, Inc.'s Class A Common Stock as of September 30, 2025.

Summary

• Eric H. Baker, a U.S. citizen, is the Reporting Person for this Schedule 13G filing.
• The filing pertains to StubHub Holdings, Inc.'s Class A Common Stock, par value $0.001 per share, with CUSIP 86384P109.
• Eric H. Baker beneficially owns an aggregate of 32,688,987 shares of Class A Common Stock.
• This ownership represents 9.4% of the total outstanding Class A Common Stock, calculated based on 320,789,975 shares outstanding as provided by the Issuer.
• The beneficial ownership includes 5,984,450 shares of Class A Common Stock held directly by Eric H. Baker.
• An additional 34,370 shares of Class A Common Stock are held directly by the Eric H. Baker Family Foundation.
• Ownership also includes 22,068,680 shares of Class A Common Stock underlying Class B Common Stock held directly by Eric H. Baker.
• Furthermore, 2,681,320 shares of Class A Common Stock underlie Class B Common Stock held directly by various family trusts.
• The beneficial ownership also accounts for 1,239,316 shares of Class A Common Stock underlying fully vested stock options held directly by Eric H. Baker.
• Finally, 680,851 shares of Class A Common Stock underlie restricted stock units held directly by Eric H. Baker that are either vested and not yet settled or will vest within 60 days of the filing date.
• Eric H. Baker holds sole voting power and sole dispositive power over all 32,688,987 beneficially owned shares.

Sentiment

Score: 7

Explanation: The filing indicates a significant beneficial ownership stake by Eric H. Baker, an insider, which can be viewed positively as it aligns his interests with those of other shareholders. However, it is a routine ownership disclosure and does not contain new operational or financial performance information, thus not warranting an extremely high score.

Positives

• The significant beneficial ownership stake of 9.4% by Eric H. Baker, a key insider, demonstrates strong alignment of interests with shareholders and confidence in the company's future prospects.
• The detailed breakdown of ownership, including direct holdings, foundation holdings, and convertible securities, provides transparency regarding the insider's total exposure to the company's equity.

Negatives

• The filing itself does not present any negative information regarding the company's operations or financial health, as it is purely an ownership disclosure.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine disclosure of an individual's ownership stake in StubHub Holdings, Inc. It does not provide broader industry context, trends, or competitive analysis.

Related Party Transactions

• 34,370 shares of Class A Common Stock are held directly by the Eric H. Baker Family Foundation.
• 2,681,320 shares of Class A Common Stock underlying Class B Common Stock are held directly by various family trusts.

Stakeholder Impact

• Shareholders: The significant insider ownership by Eric H. Baker may instill greater confidence among shareholders, as it suggests strong alignment of interests between a key individual and the company's performance.
• Management: Eric H. Baker's substantial stake reinforces his influence and commitment to the company's strategic direction and operational success.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses Eric H. Baker's significant beneficial ownership stake of 9.4% in StubHub Holdings, Inc. While substantial insider ownership can be a positive indicator of management's confidence and alignment with shareholder interests, this filing does not contain new financial performance data, strategic updates, or other material information that would warrant a change in investment recommendation based solely on its content. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while awaiting further operational or financial disclosures.

Keywords

StubHub Holdings, Eric H. Baker, Class A Common Stock, Beneficial Ownership, Schedule 13G, Insider Ownership, Equity Stake, SEC Filing