leadership
confidence high
sentiment neutral
materiality 0.30
StubHub adds FPR Partners co-founder Andrew Raab to board; holds $2M stake, $200K consulting RSUs
StubHub Holdings, Inc.
- Board appointed Andrew Raab as director effective October 16, 2026, term expiring at the 2027 annual meeting; he is not expected to serve on any Board committee.
- Raab bought 2,000 Series O redeemable preferred shares at $1,000/share (~$2.0M gross) in August 2025; those converted into 93,617 Class A shares on March 17, 2026.
- Consulting agreement dated March 27, 2026 runs to March 27, 2029 and paid him $200,000 of RSUs: 50% vested immediately, remainder in 1/24th quarterly installments from July 1, 2026.
- One-year post-term non-compete bars advising ticketing firms including Ticketmaster, Live Nation, SeatGeek, Vivid Seats, AXS and Eventbrite, plus employee non-solicit.
- Compensation follows the non-employee director program plus a standard indemnification agreement; no other Item 404 transactions disclosed beyond the preferred stock purchase.