Insider Selling at StubHub: What It Means for Investors On February 10, 2026, Principal Accounting Officer Fitzgerald Scott Michael sold 1,898 shares of StubHub’s Class A common stock at $10.42 each, a price that fell slightly from the closing level of $9.45. The sale was triggered by tax‑withholding obligations rather than a market‑driven decision, but the timing and volume—just under 2,000 shares—raise questions for shareholders, especially given the broader context of insider activity across the board.
Recent Insider Activity Signals a Quiet Restructuring The day’s filing coincides with three other insider sales: Streams Mark sold 2,331 shares, Islam Nayaab sold 22,297 shares, and Baker Eric Howard sold 18,128 shares. Together, these transactions removed roughly 42,000 shares from the hands of key executives, a notable fraction of the company’s circulating supply. While the individual sales are modest relative to the company’s $3.6 billion market cap, the pattern of consistent selling across multiple senior figures suggests a possible shift in corporate strategy or liquidity needs, especially in light of the recent leadership change with Jill Gonzalez’s appointment.
Implications for Shareholders and Future Outlook StubHub’s stock has been on a steep downtrend: a 13.6 % weekly decline, 35.4 % monthly drop, and a staggering 60 % year‑to‑date loss, trading near a 52‑week low of $9.28. Negative earnings multiples (-2.24) and a lack of recent earnings guidance further dampen confidence. Insider sales amid such volatility can erode investor sentiment, yet the modest size of each transaction and the tax‑withholding rationale mitigate immediate concern. Long‑term investors should monitor whether these sales are isolated or part of a broader divestiture plan that could presage further share releases or even a strategic pivot.
Profile of Fitzgerald Scott Michael Michael’s insider record shows a pattern of gradual sell‑offs over the past year: 731 shares at $19.04 in October 2025, 1,183 shares at $13.27 in December 2025, and 279 shares at $13.58 in January 2026, culminating in the February 10 sale. The average price per share has trended downward from $19.04 to $10.42, reflecting both market pressure and possibly a strategic shift in his personal portfolio. Importantly, Michael has not engaged in large block trades; his transactions are typically under 2,000 shares, indicating a cautious, liquidity‑focused approach rather than a speculative bet against the company’s prospects.
Bottom Line for Investors While the February 10 sale by Fitzgerald Scott Michael and his peers adds another data point to StubHub’s insider‑selling narrative, the broader picture remains one of cautious uncertainty. The company’s recent leadership changes, persistent stock weakness, and a series of modest insider divestitures suggest that shareholders should stay alert for further disclosures—particularly any guidance on future revenue streams or strategic initiatives that could reverse the current negative trajectory.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-10 | Fitzgerald Scott Michael (Principal Accounting Officer) | Sell | 1,898.00 | 10.42 | Class A Common Stock |
| 2026-02-10 | Streams Mark (See Remarks) | Sell | 2,331.00 | 10.42 | Class A Common Stock |
| 2026-02-10 | Baker Eric Howard (See Remarks) | Sell | 18,128.00 | 10.42 | Class A Common Stock |
| N/A | Baker Eric Howard (See Remarks) | Holding | 34,370.00 | N/A | Class A Common Stock |
| 2026-02-10 | Islam Nayaab (See Remarks) | Sell | 22,297.00 | 10.42 | Class A Common Stock |
