secwatch.observer — SEC 8-K summary
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Issuer:     StubHub Holdings, Inc. (STUB)
CIK:        0001337634
Form:       8-K
Filed at:   2026-10-20T12:00:35+00:00
Accession:  0001193125-26-425731
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

StubHub adds FPR Partners co-founder Andrew Raab to board; holds $2M stake, $200K consulting RSUs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337634/000119312526425731/0001193125-26-425731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337634/000119312526425731/d159555d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-425731

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