(3)...5, 2019 How to Vote YOUR VOTE IS IMPORTANT. You are eligible to vote if you were a stockholder at the close of business on April 5, 2019 (the “Record Date”). Even if you

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UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATIONProxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934(Amendment No. )

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☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))☒ DefinitiveProxyStatement

☐ DefinitiveAdditionalMaterials

☐ SolicitingMaterialPursuantto§240.14a-12

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Notice of Annual Meeting of Stockholders

ToourStockholders:

NOTICE IS HEREBY GIVEN thattheAnnualMeetingofStockholdersofeBayInc.,aDelawarecorporation,willbeheldonThursday,May30,2019,at8:00a.m.PacificTimeatourprincipalexecutiveofficelocatedat2025HamiltonAvenue,SanJose,California95125. ItemsofBusiness

• Electionof15directorsnamedintheaccompanyingProxyStatementtoourBoardofDirectors(the“Board”)toholdofficeuntilour2020AnnualMeetingofStockholders

• Advisoryvotetoapprovenamedexecutiveofficercompensation • Ratificationofappointmentofindependentauditors

• ManagementproposaltoamendspecialmeetingprovisionsintheCompany’scharterandbylaws• StockholderproposalrequestingthattheBoardrequireanindependentchair,ifproperlypresented• TransactionofsuchotherbusinessasmayproperlycomebeforetheAnnualMeetingoranyadjournmentorpostponementoftheAnnualMeeting

RecordDate

OurBoardhasfixedthecloseofbusinessonApril5,2019,astherecorddateforidentifyingthosestockholdersentitledtonoticeofandtovoteattheAnnualMeetingandatanyadjournmentorpostponementoftheAnnualMeeting.

These items of business are described more fully in the accompanying Proxy Statement. We will be providing access to our proxymaterials over the Internet under the Securities and Exchange Commission’s “notice and access” rules. As a result, on or aboutApril 19, 2019, we are mailing to many of our stockholders a notice instead of a paper copy of the Proxy Statement and our 2018Annual Report.

Your vote is important. Regardless of whether you plan to participate in the Annual Meeting, we hope you will vote as soon aspossible. You may cast your vote over the Internet, by telephone, by mail or during the Annual Meeting.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDERMEETING TO BE HELD ON MAY 30, 2019: THE PROXY STATEMENT AND THE ANNUAL REPORT ARE AVAILABLE AT

https://investors.ebayinc.com/financial-information/annual-reports/default.aspx

This Proxy Statement will also be available in interactive form at https://iiwisdom.com/ebay-2019

ByOrderoftheBoardofDirectors

MarieOhHuberSecretary

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PROXYSTATEMENTSUMMARY 1

CORPORATEGOVERNANCE 6

OurCorporateGovernancePractices 15

SECURITYOWNERSHIPOFCERTAINBENEFICIALOWNERSANDMANAGEMENT 21

Section16(a)BeneficialOwnershipReportingCompliance 22

CERTAINTRANSACTIONSWITHDIRECTORSANDOFFICERS 23

PROPOSALSREQUIRINGYOURVOTE 24

PROPOSAL1—ElectionofDirectors 24

PROPOSAL2—AdvisoryVotetoApproveNamedExecutiveOfficerCompensation 37

PROPOSAL3—RatificationofAppointmentofIndependentAuditors 39 PROPOSAL4—ManagementProposal 43 PROPOSAL5—StockholderProposal 45

OUREXECUTIVEOFFICERS 49

MESSAGEFROMTHECOMPENSATIONCOMMITTEE 50

COMPENSATIONDISCUSSIONANDANALYSIS 51

ExecutiveSummary 51

1—ElementsofOurExecutiveCompensationProgram 54 2—CompensationDecisionsfor2018 62 3—2018BusinessResults 65

4—SeveranceandChangeInControlArrangementswithExecutiveOfficersandClawbacks 67

5—FurtherConsiderationsforSettingExecutiveCompensation 70

COMPENSATIONCOMMITTEEREPORT 72

COMPENSATIONTABLES 73

2018SummaryCompensationTable 73 2018GrantsofPlan-basedAwards 76

2018OutstandingEquityAwardsatFiscalYear-End 80 2018OptionExercisesandStockVested 83

PotentialPaymentsUponTerminationorChangeinControl 84

COMPENSATIONOFDIRECTORS 88

2018DirectorCompensationTable 89

EQUITYCOMPENSATIONPLANINFORMATION 91

CEOPAYRATIO 92

QUESTIONSANDANSWERSABOUTTHEPROXYMATERIALSANDOUR2019ANNUALMEETING 93

OTHERMATTERS 100

APPENDIXA:SPECIALMEETINGPROVISIONS—CHARTER A-1

APPENDIXB:SPECIALMEETINGPROVISIONS—BYLAWS B-1

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Proxy Statement Summary

Proxy Statement SummaryThis summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all ofthe information that you should consider, and you should read the entire Proxy Statement carefully before voting.

Meeting Information

Date Thursday,May30,2019Time 8:00a.m.PacificTimeLocation 2025HamiltonAvenue,SanJose,CA95125RecordDate April5,2019

How to VoteYOURVOTEISIMPORTANT.YouareeligibletovoteifyouwereastockholderatthecloseofbusinessonApril5,2019(the“RecordDate”).Evenifyouplantoattendthemeeting,pleasevoteassoonaspossibleusinganyofthefollowingmethods.Inallcases,youshouldhaveyournotice,orifyourequestedtoreceiveprintedproxymaterials,yourproxycardorvotinginstructionformonhandandfollowtheinstructions:

By Internet By Telephone By Mail

Youcanvoteyoursharesonlineat

www.proxyvote.com.

Youcanvoteyoursharesbycalling+1(800)690-6903.

Ifyourequestedtoreceiveprintedproxymaterials,you

canvotebymailbymarking,datingandsigningyourproxycardorvoting

instructionformandreturningitinthepostage-paid

envelope.

Proposals Requiring Your Vote

Description Board’s Voting

Recommendation

PageReference

(for more detail)Proposal 1. Election of 15 directors named in this Proxy Statement to our Board to holdoffice until our 2020 Annual Meeting of Stockholders

FOR eachdirectornominee

24

Proposal 2. Advisory vote to approve named executive officer compensation FOR 37Proposal 3. Ratification of appointment of independent auditors FOR 39Proposal 4. Management Proposal regarding special meeting provisions FOR 43Proposal 5. Stockholder Proposal requesting that the Board require an independentchair, if properly presented

AGAINST

45

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Corporate GovernanceTheBoardofDirectors(the“Board”)ofeBayInc.(“eBay”orthe“Company”)isresponsiblefor(1)providingadviceandoversightofthestrategicandoperationaldirectionoftheCompanyand(2)overseeingtheCompany’sexecutivemanagementtoensuretheCompanyoperatesinwaysthatsupportthelong-terminterestofourstockholdersandthestakeholdersweserve.eBayiscommittedtotransparencyandaccountability,asdemonstratedbythefollowinggovernancefeatures:

✓ StrongBoardindependence(14of15directorsareindependent)

✓ DeclassifiedBoardwithallmembersstandingforelectionannually

✓ Majorityvotestandardforuncontesteddirectorelections

✓ Stockholderrighttocallaspecialmeeting

✓ Stockholderproxyaccess

✓ Strongstockholderengagementpractices

✓ SeparateChairmanandCEOroles

✓ IndependentChairmanwithrobustresponsibilities

✓ Simplemajorityvotestandardforbylaw/charteramendmentsandtransactions

✓ Clawbackpolicy

✓ Stockownershiprequirementsforourexecutiveofficersanddirectors

✓ Anti-hedgingandanti-pledgingpolicies

2019 Director Nominees

Name Director

Since Independent

CommitteeMemberships*

Other Public Company

Boards AC CC CGC RCFred D. Anderson Jr. 2003 YES 1

Anthony J. Bates

2015 YES

2

Adriane M. Brown

2017

YES

2

Jesse A. Cohn

2019

YES

1

Diana Farrell

2017

YES

None

Logan D. Green

2016

YES

None

Bonnie S. Hammer

2015

YES

1Kathleen C. Mitic 2011 YES

1

Matthew J. Murphy

2019

YES

1Pierre M. Omidyar

1996

YES

None

Paul S. Pressler 2015 YES

NoneRobert H. Swan

2015

YES

1

Thomas J. Tierney (ChairmanoftheBoard)

2003

YES

None

Perry M. Traquina

2015

YES

2Devin N. Wenig 2015 NO 1

*AC=AuditCommittee;CC=CompensationCommittee;CGC=CorporateGovernanceandNominatingCommittee;RC=RiskCommittee;CommitteeChair= 2

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Executive CompensationIn2018,eBaymadesolidprogressexecutingitsstrategyofdeliveringthebestchoice,mostrelevanceandmostpowerfulsellingplatformforbuyersandsellers.TheCompanyaccelerateditsproductinnovationtoimprovethecustomerexperienceforbuyersandsellersanddeliveredstrongfinancialresults.Atthesametime,theleadershipteamcontinuedtofosteracultureweddedtotheCompany’spurposeofcreatingabetter,moresustainableformofcommerceandrootedinthecorevaluesofbeinginventive,bold,courageous,diverseandinclusive.TheCompensationCommitteeandourCEOremaincommittedtoourexistingexecutivecompensationprogram,whichisdesignedtoalignwithourbusinessgoalsandculture,servesthelong-terminterestsofourstockholdersandishighlyperformancebased.Webelievethatourpay-for-performance-drivenexecutivecompensationprogramensuresthatourexecutives’compensationistiedtodeliveringresultsthatsupporttheCompany’sbusinessstrategyandobjectives.

Our Compensation ProgramThegoalsofourexecutivecompensationprogramareto:

• align compensationwithourbusinessobjectives,performanceandstockholderinterests,

• motivate executiveofficerstoenhanceshort-termresultsandlong-termstockholdervalue,

• position uscompetitivelyamongthecompaniesagainstwhichwerecruitandcompetefortalent,and

• enable ustoattract,rewardandretainexecutiveofficersandotherkeyemployeeswhocontributetoourlong-termsuccess.

How We Pay Our Executive OfficersWeachievetheseobjectivesprimarilybyemployingthefollowingelementsofpayforourexecutiveofficers:

• long-termequitycompensation,

• anannualcashincentive,and

• basesalary.

Ourexecutiveofficersalsoparticipateinourbroad-basedretirementsavingsandbenefitprogramsandreceivelimitedperquisites.

In2018,wecontinuedtouseamixofequityandcashcompensationvehiclestocompensateourexecutiveofficers.OurincentivecompensationisdependentonfinancialtargetsthattheCompensationCommitteebelievescorrelatewithoperatingperformanceoverone-andmulti-yearperformanceperiodsandlong-termstockperformance.

InrecognitionoftheimportanceofourstrategicdecisiontoimprovecustomerexperiencebyintermediatingpaymentsonourMarketplaceplatform(our“Payments”initiative),wehaveadjustedthePBRSUProgramforthe2018-2019PBRSUcycletotieourseniorexecutives’compensationtothedegreeofachievementofPaymentsintermediationthroughtheuseofaPaymentsachievementmodifiercomponenttothedesign.

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Thefollowingchartshowsthebreakdownof2018compensationforourCEO,DevinWenig,andillustratesthepredominanceofequityincentivesandperformance-basedcomponentsinourexecutivecompensationprogram.

DEVIN WENIG

Asdiscussedabove,ourexecutivecompensationprogramalignscompensationwithourbusinessobjectives,andishighlyperformance-based,withpayoutsundertheprogramdependentonmeetingfinancialandoperationaltargetsoverdesignatedperformanceperiods.For2018,weselectedfinancialmetricsandtargetsthattheCompensationCommitteebelievesincentivizeourmanagementteamtoachieveourstrategicobjectivesanddrivetheCompany’sfinancialperformanceandlong-termstockperformance,includingFX-neutralrevenue,non-GAAPoperatingmargindollars,returnoninvestedcapital,paymentintermediationusageandnon-GAAPnetincome.Thespecificresultsfor2018aredescribedonpage65under2018BusinessResults.

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Our Compensation PracticesWebelieveourcompensationpracticesalignwithandsupportthegoalsofourexecutivecompensationprogramanddemonstrateourcommitmenttosoundcompensationandgovernancepractices.

What We Do What We Don’t Do

✓ Align executive compensation with the interests of ourstockholders

• Pay-for-performanceemphasized

• Majorityoftotalcompensationcomprisesperformance-basedcompensation:PBRSUsandannualcashincentives

• Equity/cashcompensationratiosignificantlyfavorsequity

• Meaningfulstockownershiprequirements

✓ Avoid excessive risk-taking

• Robustclawbackpolicy

• Multipleperformancemeasures,capsonincentivepayments,andoverlappingtwo-yearperformanceperiodsforPBRSUawards

✓ Adhere to compensation best practices

• Compensationbenchmarkedatoraroundthe50thpercentileofpeergroup

• Independentcompensationconsultantengaged

• Onlylimitedperquisitesforexecutiveofficersthatarenotavailabletoallemployees

✘ Tax gross-ups for change in control benefits

✘ Automatic “single-trigger” acceleration of equityupon a change in control

✘ Repricing or buyout of underwater stock optionswithout stockholder approval

✘ Hedging and pledging transactions

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Corporate Governance


Overview

TheBoardisresponsiblefor(1)providingadviceandoversightofthestrategicandoperationaldirectionoftheCompanyand(2)overseeingtheCompany’sexecutivemanagement,eachtoensuretheCompanyoperatesinwaysthatsupportthelong-terminterestofourstockholdersandtheotherstakeholdersweserve.TheBoardhasadoptedclearandspecificgovernanceguidelines(“CorporateGovernanceGuidelines”)that,alongwithourbylaws,Boardcommitteecharters,andourCodeofBusinessConductandEthics(“CodeofBusinessConduct”),providetheframeworkforthegovernanceoftheCompany.

eBayiscommittedtotransparencyandaccountability,asdemonstratedbythefollowinggovernancefeatures: ✓ StrongBoardindependence(14of15directorsareindependent)

✓ DeclassifiedBoardwithallmembersstandingforelectionannually

✓ Majorityvotestandardforuncontesteddirectorelections

✓ Stockholderrighttocallaspecialmeeting

✓ Stockholderproxyaccess

✓ Strongstockholderengagementpractice

✓ SeparateChairmanandCEOroles

✓ IndependentChairmanwithrobustresponsibilities

✓ Simplemajorityvotestandardforbylaw/charteramendmentsandtransactions

✓ Clawbackpolicy

✓ Stockownershiprequirementsforourexecutiveofficersanddirectors

✓ Anti-hedgingandanti-pledgingpolicies

OurCorporateGovernanceGuidelines,thechartersofourprincipalBoardcommittees,andourCodeofBusinessConductcanbefoundonourinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents.Anychangesinthesegovernancedocumentswillbereflectedinthesamelocationonourwebsite.InformationcontainedonourinvestorrelationswebsiteisnotpartofthisProxyStatement.

IndependenceTherulesofTheNasdaqStockMarketrequirelistedcompaniestohaveaboardofdirectorswithatleastamajorityofindependentdirectors.Theseruleshavebothobjectivetestsandasubjectivetestfordeterminingwhoisan“independentdirector.”

Objective tests

Theobjectivetestsstate,forexample,thatadirectorisnotconsideredindependentifheorsheisanemployeeoftheCompany,orisapartnerin,oracontrollingstockholderorexecutiveofficerof,anentitytowhichtheCompanymade,orfromwhichtheCompanyreceived,paymentsinthecurrentoranyofthepastthreefiscalyearsthatexceed5%oftherecipient’sconsolidatedgrossrevenueforthatyear.

Subjective test

ThesubjectivetestrequiresourBoardtoaffirmativelydeterminethatadirectordoesnothavearelationshipthatwouldinterferewiththedirector’sexerciseofindependentjudgmentincarryingouthisorherresponsibilities.

Onaquarterlybasis,eachmemberofourBoardisrequiredtocompleteaquestionnairedesignedtoprovideinformationtoassisttheBoardindeterminingwhetherthedirectorisindependentunderthelistingstandardsofTheNasdaqStockMarketandourCorporateGovernanceGuidelines,andwhethermembersofourAuditCommitteeandCompensationCommitteesatisfyadditionalSecuritiesandExchangeCommission(“SEC”)andNasdaqindependencerequirements. 6

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Corporate Governance OurBoardhasadoptedguidelinessettingforthcertaincategoriesoftransactions,relationships,andarrangementsthatithasdeemedimmaterialforpurposesofmakingitsdeterminationregardingadirector’sindependence,anddoesnotconsideranysuchtransactions,relationships,andarrangementsinmakingitssubjectivedetermination.

14ofour15DirectorsareIndependent

OurBoardhasdeterminedthateachofthefollowingdirectorsisindependentunderthelistingstandardsofTheNasdaqStockMarketandundereBay’sCorporateGovernanceGuidelines:

• FredD.AndersonJr.

• AnthonyJ.Bates

• AdrianeM.Brown

• JesseA.Cohn

• DianaFarrell

• LoganD.Green

• BonnieS.Hammer

• KathleenC.Mitic

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• MatthewJ.Murphy

• PierreM.Omidyar

• PaulS.Pressler

• RobertH.Swan

• ThomasJ.Tierney

• PerryM.Traquina

TheBoardlimitsmembershipontheAuditCommittee,theCompensationCommittee,andtheCorporateGovernanceandNominatingCommitteetoindependentdirectors.

OurCorporateGovernanceGuidelinesrequireanydirectorwhohaspreviouslybeendeterminedtobeindependenttoinformtheChairmanoftheBoardandourCorporateSecretaryofanychangeinhisorherprincipaloccupationorstatusasamemberoftheboardofanyotherpubliccompany,includingretirement,oranychangeincircumstancethatmaycausehisorherstatusasanindependentdirectortochange.

Board RefreshmentOurBoardhasshownanongoingcommitmenttoBoardrefreshmentandtohavinghighlyqualified,independentperspectivesintheboardroom.Ofourcurrentdirectors,11newdirectorswereaddedsince2015.Ourdirectorshaveanaveragetenureof6yearsandamediantenureof3years.Thisexperiencebalancestheinstitutionalknowledgeofourlonger-tenureddirectorswiththefreshperspectivesbroughtbyournewerdirectors.OneofourgoalsinboardrefreshmentisenhancingthediversityoftheBoard,andtothatend,wehavehadthreewomendirectorsjointheBoardsince2015. 8

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Corporate Governance Board of Directors and CommitteesInaccordancewithourbylaws,ourBoardelectsourChairmanoftheBoardandappointsourCEO.OurCorporateGovernanceGuidelinesrequirethattherolesofChairmanoftheBoardandCEObeheldbyseparateindividualsandrequiretheappointmentofaleadindependentdirectoriftheChairmanoftheBoardisnotanindependentdirector.Mr.TierneyhasservedasourChairmanoftheBoardsinceJuly2015.TheBoardbelievesthattheseparationoftheofficesoftheChairmanoftheBoardandCEOisappropriateatthistimeasitaidsintheBoard’soversightofmanagementanditallowsourCEOtofocusprimarilyonhismanagementresponsibilities.

Alldirectorsareelectedannually.Wedonothaveaclassifiedboard.

TheBoardhasfourprincipalcommittees:theAuditCommittee,theCompensationCommittee,theCorporateGovernanceandNominatingCommittee,andtheRiskCommittee.

ThepurposeoftheBoardcommitteesistohelptheBoardeffectivelyandefficientlyfulfillitsresponsibilities,buttheydonotdisplacetheoversightoftheBoardasawhole.EachcommitteemeetsregularlyandhasawrittencharterthathasbeenapprovedbytheBoard.Inaddition,amemberofeachcommitteeperiodicallyreportstotheBoardonanysignificantmattersdiscussedbythecommittee.

Board of DirectorsChairmanoftheBoard:ThomasJ.Tierney(Independent)

Audit Committee Chair:FredD.AndersonJr.

AllMembersIndependent

Compensation

Committee Chair:PaulS.Pressler


Corporate Governance and

Nominating Committee

Chair:KathleenC.Mitic


Risk Committee

Chair:RobertH.Swan


During2018,ourBoardheldsixmeetings,andeachBoardmemberattendedatleast75%oftheaggregatenumberofmeetingsoftheBoardandthecommitteesonwhichtheyserved.

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Corporate Governance Audit Committee

EachmemberoftheAuditCommitteeisindependentinaccordancewiththeauditcommitteeindependencerequirementsofthelistingrulesofTheNasdaqStockMarketandtheapplicablerulesandregulationsoftheSEC.OurBoardhasdeterminedthatMr.Andersonisan“auditcommitteefinancialexpert”asdefinedbytheSEC.

Audit Committee Ten Meetings in 2018Allindependent KeyResponsibilities

Fred D. Anderson Jr. (Chair)Adriane M. BrownPerry M. Traquina

• Meetwithourindependentauditorstoreviewtheresultsoftheannualauditandtodiscussourfinancialstatements,includingtheindependentauditors’judgmentaboutthequalityofaccountingprinciples,thereasonablenessofsignificantjudgments,theclarityofthedisclosuresinourfinancialstatements,andanyothermattersrequiredtobecommunicatedtotheAuditCommitteebytheindependentauditorsundergenerallyacceptedauditingstandards;

• MeetwithourindependentauditorstoreviewtheinterimfinancialstatementspriortothefilingofourquarterlyreportsonForm10-Q;

• Decidewhethertoappoint,retain,orterminateourindependentauditors,includingthesoleauthoritytoapproveallauditengagementfeesandterms;

• Overseetheindependenceoftheindependentauditors,evaluatetogetherwiththeBoardtheindependentauditors’performance,andreviewandapprovethefeesoftheindependentauditors;and

• Receiveandconsidertheindependentauditors’commentsastocontrols,adequacyofstaff,andmanagementperformanceandproceduresinconnectionwithauditandfinancialcontrols,includingoursystemtomonitorandmanagebusinessrisksandourlegalandethicalcomplianceprograms.

OtherDuties

• PreparetheAuditCommitteeReportforinclusioninourproxystatement;

• Approveauditandnon-auditservicesprovidedtousbyourindependentauditors;

• ConsiderconflictsofinterestandreviewalltransactionswithrelatedpersonsinvolvingexecutiveofficersorBoardmembersthatarereasonablyexpectedtoexceedspecifiedthresholds;

• Reviewanddiscusswithmanagementourfinancialriskexposures,includingcreditandcounterpartyrisks,marketrisk,assetandliabilityrisk,liquidityrisk,foreigncurrencyrisk,andinvestmentpolicyandrisk,andthestepswehavetakentodetect,monitor,andactivelymanagesuchexposures;

• ReviewwithourGeneralCounselandSecretarysignificantlegal,compliance,andregulatorymattersthatcouldhaveamaterialimpactonourfinancialstatementsorourbusiness,includingmaterialnoticestoorinquiriesreceivedfromgovernmentalagencies;and

• DeterminethecompensationofourVicePresident,InternalAudit,whomeetswiththeAuditCommitteeregularlywithoutothermembersofmanagementpresent.

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Corporate Governance YoucanviewourAuditCommitteeCharteronthecorporategovernancesectionofourinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents.

Compensation Committee

ThemembersofourCompensationCommitteeareallindependentinaccordancewiththerulesandregulationsofTheNasdaqStockMarket,theExchangeActandSection162(m)oftheInternalRevenueCode.

Compensation Committee Nine Meetings in 2018Allindependent KeyResponsibilitiesPaul S. Pressler (Chair)Anthony J. BatesBonnie S. HammerKathleen C. MiticThomas J. Tierney

• Reviewandapproveallcompensationprogramsapplicabletodirectorsandexecutiveofficers,theoverallstrategyforemployeecompensation,andthecompensationofourCEOandourotherexecutiveofficers;

• OverseeandmonitorcompliancewiththeCompany’sstockownershipguidelinesapplicabletodirectorsandexecutiveofficers;

• ReviewtheCompensationDiscussionandAnalysiscontainedinourproxystatementandpreparetheCompensationCommitteeReportforinclusioninourproxystatement;and

• Reviewandconsiderwhethertorecommendadjustmentstoexecutivecompensation.

OtherDuties

• Assessonanannualbasistheindependenceofitscompensationconsultants,outsidelegalcounsel,andothercompensationadvisers.

TheCompensationCommitteeCharterpermitstheCompensationCommitteeto,initsdiscretion,delegatealloraportionofitsdutiesandresponsibilitiestoasubcommitteeoftheCompensationCommittee.

AdditionaldisclosureregardingtheroleoftheCompensationCommitteeincompensationmatters,includingtheroleofconsultantsincompensationdecisions,canbefoundunder“CompensationDiscussionandAnalysis—CompensationDecisionsfor2018”and“CompensationDiscussionandAnalysis—FurtherConsiderationsforSettingExecutiveCompensation—RoleofConsultantsinCompensationDecisions”below.

YoucanviewourCompensationCommitteeCharteronthecorporategovernancesectionofourinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents.

CompensationCommitteeInterlocksandInsiderParticipation.AllmembersoftheCompensationCommitteeduring2018wereindependentdirectors,andnomemberwasanemployeeorformeremployeeofeBay.NoCompensationCommitteememberhadanyrelationshiprequiringdisclosureunderItem404ofRegulationS-KpromulgatedbytheSEC.During2018,noneofourexecutiveofficersservedontheCompensationCommittee(oritsequivalent)orboardofdirectorsofanotherentitywhoseexecutiveofficerservedonourCompensationCommitteeorBoard.

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Corporate Governance Corporate Governance and Nominating Committee

AllmembersofourCorporateGovernanceandNominatingCommitteeareindependentunderthelistingstandardsofTheNasdaqStockMarket.

Corporate Governanceand Nominating Committee Four Meetings in 2018Allindependent KeyResponsibilitiesKathleen C. Mitic (Chair)Logan D. GreenPaul S. PresslerThomas J. TierneyPerry M. Traquina

• MakerecommendationstotheBoardastotheappropriatesizeoftheBoardoranyBoardcommittee;

• ReviewthequalificationsofcandidatesfortheBoard;and

• MakerecommendationstotheBoardonpotentialBoardandBoardcommitteemembers(whetherasaresultofvacancies,includinganyvacancycreatedbyanincreaseinthesizeoftheBoard,oraspartoftheannualelectioncycle).

OtherDuties

• EstablishproceduresfortheoversightoftheevaluationoftheBoardandmanagement;

• Reviewcorrespondencereceivedfromstockholders;and

• ReviewourCorporateGovernanceGuidelinesonanannualbasis.

DirectorNominations.TheCorporateGovernanceandNominatingCommitteeconsidersnomineerecommendationsfromavarietyofsources,includingnomineesrecommendedbystockholders.TheCorporateGovernanceandNominatingCommitteehasfromtimetotimeretainedanexecutivesearchfirmtohelpfacilitatethescreeningandinterviewprocessofdirectornominees.TheCorporateGovernanceandNominatingCommitteeexpectsthatqualifiedcandidateswillhavehigh-levelmanagerialexperienceinarelativelycomplexorganizationorbeaccustomedtodealingwithcomplexproblems,andwillbeabletorepresenttheinterestsofthestockholdersasawholeratherthanspecialinterestgroupsorconstituencies.

Amongotherfactors,theCorporateGovernanceandNominatingCommitteeconsiderseachcandidaterelativetothefollowing:

CORE QUALIFICATIONS AND EXPERIENCES

DIVERSITY OF SKILLS AND EXPERIENCES

✓ Integrityandjudgment

✓ Demonstratedmanagementability

✓ Extensiveexperienceinthepublic,privateornot-for-profitsectors

✓ Leadershipandexpertiseintheirrespectivefields

✓ Financialliteracyorexpertise

✓ ExperienceofparticularrelevancetotheCompany

✓ Abilitytoworksynergisticallywithotherstosolvecomplexproblems

✓ AvailabilityandwillingnesstodevotesufficienttimetoBoardactivities

✓ Involvementineducational,charitableandcommunityorganizations

✓ Strategicthinking

✓ Reputationalfocus

+ Technologyindustryexperience

+ FinancialexperienceasCFOorinasimilarcapacity

+ Publiccompany/corporategovernanceexperience

+ Globalexperience

+ Audit,tax,accountingandpreparationoffinancialstatements

+ Transactionalexperience

+ MergersandAcquisitionsexperience

+ Establishedandgrowthmarketsexperience

+ Managementandstrategy/leadershipconsultingexperience

+ Mediaexperience

+ Environmental,socialandgovernanceexperience

+ Talentandculturedevelopmentexperience

+ Productandmarketingexperience

+ Investmentandfinanceexperience

+ Governmentandpublicpolicyexperience

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Corporate Governance OurCorporateGovernanceGuidelinesprovidethattheCorporateGovernanceandNominatingCommitteeshouldconsiderdiversity(includinggenderandrace),age,internationalbackground,andexpertiseinevaluatingpotentialBoardmembers.

Diversity is an important factor in our considerationof potential directors

When searching for new directors, the Corporate Governance and Nominating Committee actively seeks out women andindividuals from minority groups to include in the pool from which Board nominees are chosen.

DiversityisalsoassessedaspartoftheannualBoardevaluation.

TheCorporateGovernanceandNominatingCommitteeconsiderstheinterplayofacandidate’sbackgroundandexpertisewiththatofotherBoardmembers,andtheextenttowhichacandidatemaybeadesirableadditiontoanycommitteeoftheBoard.TheCorporateGovernanceandNominatingCommitteevaluesdiversityasafactorinselectingnomineestoserveontheBoard.

Finally,theCorporateGovernanceandNominatingCommitteealsotakesintoaccountthesetofguidingprinciplesrelatingtoBoardmembershipdescribedin“OurCorporateGovernancePractices—SuccessionPlanning”below.

YoucanviewourCorporateGovernanceandNominatingCommitteeCharteronthecorporategovernancesectionofourinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents.

Risk Committee

TheRiskCommitteewasformedinSeptember2018.TheRiskCommitteeCharter,whichcanbeviewedathttps://investors.ebayinc.com/corporate-governance/governance-documents,requiresamajorityofthecommitteememberstobeindependentunderthelistingstandardsoftheNasdaqStockMarket.Currently,allmembersofourRiskCommitteeareindependentundertheNasdaqStockMarketlistingstandards.

Risk Committee Allindependent KeyResponsibilitiesRobert H. Swan (Chair)Anthony J. BatesAdriane M. BrownDiana Farrell

• OverseetheCompany’smanagementofkeyriskssuchasinformationsecurityandregulatorycompliance(includingprivacy,anti-moneylaunderingandforeignassetscontrol),aswellastheguidelines,policiesandprocessesformonitoringandmitigatingsuchrisks.

OtherDuties

• ReviewanddiscusswithmanagementtheCompany’senterpriseriskmanagementfunctionandstructure,andtheguidelines,policiesandprocessesforriskassessmentandriskmanagement;

• ReviewanddiscusswithmanagementthetoneandculturewithintheCompanyregardingrisk,includingopenriskdiscussions,andintegrationofriskmanagementintotheCompany’sbehaviors,decisionmaking,andprocesses;

• ReceivereportsfromtheCompany’scorporateauditandcompliancestaffontheresultsofriskmanagementreviewsandassessment;

• ReviewreportsfromtheCompany’sChiefComplianceOfficerregardingongoingenhancementsto,andoveralleffectivenessof,theCompany’scomplianceriskmanagementprogram;

• ReviewmanagementactionsonsignificantcompliancemattersandtheCompany’scompliancewithapplicablelawandregulation;and

• ReviewdisclosureregardingriskcontainedintheCompany’sannualreportonForm10-Kaswellhasanysignificantupdatestosuchdisclosure.

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Corporate Governance Stockholder RightsOurBoardiscommittedtogoodcorporategovernanceandbelievesinmaintainingpoliciesandpracticesthatservetheinterestsofallstockholders,includinggovernanceprovisionsthatprotectandempowerstockholders,including:

• SpecialMeeting–Stockholdersrepresenting25%ormoreofeBaycommonstockcancallaspecialstockholdersmeeting.ManagementisproposinganamendmenttotheCompany’sbylawsandcharterreducingtheownershipthresholdto20%.

• AnnualElectionofBoardofDirectors–Alldirectorsareelectedannuallybythestockholders,andstockholderscanremovedirectorswithorwithoutcause.

• MajorityVotingforElectionofBoardofDirectors–Wehaveadoptedamajorityvotingstandardfortheelectionofdirectorsinuncontestedelections.

• ProxyAccessforDirectorNominations–WehaveadoptedaproxyaccessbylawprovisionthatallowsaneligiblestockholderorgroupofstockholderstonominatecandidatesforelectiontotheBoardthatareincludedinourproxystatementandballot.

• MajorityVotingforCharterandBylawAmendments–Ourcharterandbylawprovisionsdonothavesupermajorityvotingprovisions.Stockholderscanapprovebindingcharterandbylawamendmentswithamajorityvote.

• NoStockholderRightsPlan–Wedonothaveastockholderrightsplan(alsoknownasa“poisonpill”).

• IndependentBoardLeadership–WehaveseparatedtherolesofChairmanoftheBoardandCEO.TheChairmanoftheBoardisanindependentdirector–asareallofthechairsandmembersoftheAudit,Compensation,CorporateGovernanceandNominatingandRiskCommittees.

• StockholderEngagement–StockholderscancommunicatedirectlywiththeBoardand/orindividualdirectors.(See“ContactingtheBoardorIndividualDirectors”below.)Inaddition,managementandmembersoftheBoardregularlyengagewithstockholderstosolicittheirviewsonimportantissuessuchascorporategovernanceandexecutivecompensation.

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Corporate Governance | OurCorporateGovernancePractices

Stockholder Engagement on Corporate Governance and Our Executive Compensation ProgramWehaveapracticeofregularlyengagingwithstockholderstoseektheirfeedbackonourcorporategovernancepracticesandourexecutivecompensationprogram.Afterwefileourproxystatement,weengagewithourlargeststockholdersaboutimportanttopicstobeaddressedatourannualmeeting.Inthefall,weconductanadditionalcycleofstockholderengagementwherewefocusonourcorporategovernancepracticesandexecutivecompensationprogram,aswellasanythingelseresultingfrommattersvotedonatourannualmeeting.Followingeachroundofstockholderengagement,weprovideanoverviewofthediscussionsandfeedbacktotheapplicableBoardcommittees,whichisalsodiscussedwiththeBoard.

Stockholderengagement:RegularengagementwithstockholdersonabroadrangeoftopicsOfferedover35meetingswithstockholdersrepresenting~55%ofcommonstockoutstandingthroughouttheyearMetwithstockholdersrepresenting~37%ofcommonstockoutstanding2017discussiontopicsincluded:Say-on-payShort-termandlong-termincentiveprogramdesignandperformancemetricsDiversityandInclusionBoardandgovernancemattersCybersecurityEnvironmental,SocialandGovernancemattersBOARDOFDIRECTORS

GenderPayEquityandGlobalDiversity&Inclusion.Wehavereportedongenderpayequityforanumberofyears.StartinginOctober2016,wepubliclydisclosedkeyfindingsofourpayequitystudy,includingthatwomenearnthesameasmenintheU.S.intermsofsalary.InMarch2017,wepublishedourfirstglobalDiversityandInclusion(“D&I”)Report,whichincludedbothquantitativeinformationaboutourglobalgenderdiversityandU.S.racialandethnicdiversityalongwithdetailsaboutourstrategicapproach,programsandinitiatives.InApril2018,wepublishedoursecondglobalD&IReport,alongwiththefindingsfromoursecondglobalstudyofgenderpayequity.WepublishedourglobalD&IReportforthe2018calendaryearinmid-April2019.Inthatreportwesharetheresultsofourthirdglobalgenderpayequitystudy,whichfoundthatwehave99.8%genderpayequityintheU.S.and99.7%globally.

Our Corporate Governance PracticesWebelieveinstrongcorporategovernancepracticesthatprovidemeaningfulrightstoourstockholdersandensureBoardaccountability.OurCorporateGovernanceGuidelinessetaframeworkwithinwhichourBoardwillconductitsbusinessanddemonstrateourcommitmenttogoodgovernanceandourrelationshipwithourstockholders.PrinciplefeaturesofourCorporateGovernanceGuidelinesaresummarizedbelowalongwithcertainotherofourgovernancepractices.

Meetings of the Board of Directors and CommitteesExecutiveSessionsamongIndependentDirectors.Atleastseveraltimesayear,theindependentdirectorsmeetinexecutivesessions.TheChairmanleadsthesediscussions.

OutsideAdvisors.TheBoardandeachofitscommitteesmayretainoutsideadvisorsofitschoosingattheCompany’sexpense.NeithertheBoardnoranycommitteeisrequiredtoobtainmanagement’sconsenttoretainoutsideadvisors.

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Board Member Attendance at Annual MeetingAbsentexigentcircumstances,allBoardmembersareexpectedtoattendeBay’sannualmeetingofstockholdersinpersonorbytelephoneorvideocall.Twelveofthe13directorsservingonourBoardatthetimeofourlastannualmeetingofstockholders,whichwasheldinMay2018,attendedthatmeeting. Board and Committee Effectiveness; Board Annual Self-Assessment; Board EducationItisimportantthattheBoardanditscommitteesareperformingeffectivelyandinthebestinterestsoftheCompanyanditsstockholders.TheBoardandeachcommitteeperformanannualself-assessmenttoevaluateitseffectivenessinfulfillingitsobligations.Aspartofthisannualself-assessment,directorsareabletoprovidefeedbackontheperformanceofotherdirectors.TheChairoftheCorporateGovernanceandNominatingCommitteeleadstheBoardinitsreviewoftheresultsoftheannualself-assessmentandtakesfurtheractionasneeded.Inaddition,theCompanyprovidesmembershipintheNationalAssociationofCorporateDirectorstoallBoardmembers,aswellastheopportunitytoattenddirectoreducationprogramsatotherinstitutions,toassisttheminremainingcurrentwithexemplaryboardandcommitteepracticesanddevelopmentsincorporategovernance.

AnnualSelf-AssessmentSELF-ASSESSMENTQUESTIONNAIREProvidesdirectorfeedbackontheBoardandeachoftheCommitteesaswellaseachdirectorRESULTSANALYZEDResultsoftheself-assessmentanalyzedanddiscussedwithCorporateGovernanceandNominatingCommitteeINDIVIDUALDISCUSSIONSTheChairofourCorporateGovernanceandNominatingCommitteeengageswithindividualdirectorsasappropriateSUMMARYOFRESULTSSummaryofBoardandCommitteeself-assessmentresultsprovidedtofullBoardONGOINGFEEDBACKDirectorsareencouragedtoprovideongoingfeedbackinadditiontotheannualself-assessmentFEEDBACKINCORPORATEDPoliciesandpracticesupdatedasappropriateasaresultoftheannualself-assessmentandongoingfeedbackREVIEWOFPROCESSTheChairofourCorporateGovernanceCommitteeperiodicallyreviewstheself-assessmentprocess

TheBoardalsohasdevelopedasetofguidingprinciplesrelatingtoBoardmembership.TheBoardbelievesthatinlightoftherapidlychangingenvironmentinwhichtheCompany’sbusinessesoperate,theBoardmustaddmemberswithhighlyrelevantprofessionalexperience.Inaddition,theBoardbelievesthatacertainamountofdirectorturnoveristobeexpectedanddesirable,thoughitdoesnothavetermlimits. 16

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Succession PlanningTheBoardrecognizestheimportanceofeffectiveexecutiveleadershiptoeBay’ssuccess.Weconductareviewprocessatleastannuallythatincludessuccessionplansforourseniorleadershippositions.ThesesuccessionplansarereviewedandapprovedbyourBoard.Inconductingitsreview,theBoardconsiders,amongotherfactors,organizationalandoperationalneeds,competitivechallenges,leadership/managementpotentialanddevelopment,andemergencysituations.

Risk OversightRiskisinherentwitheverybusiness,andhowwellabusinessmanagesriskcanultimatelydetermineitssuccess.Wefaceanumberofrisks,includingeconomic,financial,legalandregulatory,operational,andotherrisks,suchastheimpactofcompetition.Managementisresponsiblefortheday-to-daymanagementoftherisksthatweface,whiletheBoard,asawholeandthroughitscommittees,hasresponsibilityfortheoversightofriskmanagement.Initsriskoversightrole,theBoardisresponsibleforsatisfyingitselfthattheriskmanagementframeworkandsupportingprocessesasimplementedbymanagementareadequateandfunctioningasdesigned.

CommitteeRoleinRiskOversight.WhiletheBoardisultimatelyresponsibleforriskoversightateBay,anddirectlyoverseesrisksrelatedtotheCompany’sstrategy,businessexecution,andcompetition,inSeptember2018,theBoardformedtheRiskCommitteetoassisttheBoardinitsoversightofkeyriskssuchasinformationsecurityandregulatorycompliance(includingprivacy,anti-moneylaunderingandforeignassetscontrol).TheAuditCommitteecontinuestohavetheprimaryresponsibilityfortheoversightoffinancialrisksfacingtheCompany’sbusinesses(includingcreditandcounterpartyrisks,marketrisk,assetandliabilityrisk,liquidityrisk,foreigncurrencyrisk,andinvestmentpolicyandrisk).TheCompensationCommitteecontinuestoassisttheBoardinitsoversightfunctionofrisksrelatedtotheCompany’scompensationpoliciesandpractices.

Wealsohaveembeddedanenterpriseriskmanagement(“ERM”)programacrossourcorebusinesses,alignedwithourCompany-wideinitiativeinvolvingtheRiskCommittee,management,andotherpersonnel.TheERMframeworkisdesignedtoidentify,assess,prioritize,andmanageourmajorriskexposureswhichcouldaffectourabilitytoexecuteonourcorporatestrategyandfulfillourbusinessobjectives.TheERMprogramisdesignedtoenabletheRiskCommitteetoestablishamutualunderstandingwithmanagementoftheeffectivenessoftheCompany’sriskmanagementpracticesandcapabilities,toreviewtheCompany’sriskexposureandrisktolerance,andtoelevatecertainkeyrisksforoversightattheBoardlevel.

Management’sRoleinRiskOversight.TheChiefComplianceOfficerandothermembersofmanagement,asappropriate,periodicallyreviewwiththeRiskCommitteethemajorrisksfacingeBayandthestepsmanagementhastakentodetect,monitor,andactivelymanagethoseriskswithintheagreedrisktolerance.OurVicePresident,InternalAuditisresponsibleforourinternalauditfunctionandreportsdirectlytotheAuditCommittee.TheAuditCommitteereviewsandevaluatesthecompensationandperformanceoftheVicePresident,InternalAuditandprovidestheVicePresident,InternalAuditwithdirectaccesstotheAuditCommittee.TheVicePresident,InternalAuditfacilitatestheAuditCommittee’sreviewandapprovaloftheinternalauditplanandprovidesregularreportingonauditactivities.TheVicePresident,InternalAuditperiodicallyreviewswiththeAuditCommitteethemajorfinancialrisksfacingeBayandthestepsmanagementhastakentodetect,monitor,andmanagethoseriskswithintheagreedrisktolerance.TheexecutiveresponsibleformanagingaparticularriskmayalsoreporttotheRiskCommitteeorAuditCommittee,asappropriate,onhowtheriskisbeingmanagedandprogresstowardsagreedmitigationgoals.

RiskAssessmentofCompensationPoliciesandPractices.WehaveassessedthecompensationpoliciesandpracticesforouremployeesandconcludedthattheydonotcreaterisksthatarereasonablylikelytohaveamaterialadverseeffectontheCompany.ThisanalysiswaspresentedtotheCompensationCommittee,whichagreedwiththisconclusion.

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Corporate Governance | OurCorporateGovernancePractices CorporateHotline.Wehaveestablishedacorporatehotlinethatisoperatedbyathirdpartyandallowsanyemployeetoconfidentiallyandanonymously(wherelegallypermissible)lodgeacomplaintaboutanyaccounting,internalcontrol,auditing,orothermattersofconcern.

Conflicts of InterestWeexpectourdirectors,executiveofficers,andotheremployeestoconductthemselveswiththehighestdegreeofintegrity,ethics,andhonesty.Ourcredibilityandreputationdependonthegoodjudgment,ethicalstandards,andpersonalintegrityofeachdirector,executiveofficer,andemployee.OurCodeofBusinessConductrequiresthatdirectors,executiveofficers,andotheremployeesdiscloseactualorpotentialconflictsofinterestandrecusethemselvesfromrelateddecisions.Inordertobetterprotectusandourstockholders,weregularlyreviewourCodeofBusinessConductandrelatedpoliciestoensurethattheyprovideclearguidancetoourdirectors,executiveofficers,andemployees.

TheCompanyalsohaspracticesthataddresspotentialconflictsincircumstanceswhereanon-employeedirectorisacontrolpersonofaninvestmentfundthatdesirestomakeaninvestmentinoracquireacompanythatmaycompetewithoneoftheCompany’sbusinesses.Underthosecircumstances,thedirectorisrequiredtonotifytheCompany’sCEOandGeneralCounseloftheproposedtransaction,andtheCompany’sseniormanagementthenassessesthenatureanddegreetowhichtheinvesteecompanyiscompetitivewiththeCompany’sbusinesses,aswellasthepotentialoverlapsbetweentheCompanyandtheinvesteecompany.IftheCompany’sseniormanagementdeterminesthatthecompetitivesituationandpotentialoverlapsbetweeneBayandtheinvesteecompanyareacceptable,approvalofthetransactionbytheCompanywouldbeconditioneduponthedirectoragreeingtocertainlimitations(includingrefrainingfromjoiningtheboardofdirectorsoftheinvesteecompanyorconveyinganyconfidentialorproprietarymaterialbetweentheCompanyandtheinvesteecompany,abstainingfrombeingtheprimarydecision-makerfortheinvestmentfundwithrespecttotheinvesteecompany,andrecusinghimself/herselffromportionsofCompanyBoardmeetingsthatcontaincompetitiveinformationreasonablypertinenttotheinvesteecompany).Alltransactionsbyinvestmentfundsinwhichanon-employeedirectorisacontrolpersonalsoremainsubjectinallrespectstotheBoard’swrittenpolicyforthereviewofrelatedpersontransactions,discussedunderthesectionentitled“CertainTransactionswithDirectorsandOfficers”below.

Director NominationsStockholderswishingtosubmitrecommendationsordirectornominationspursuanttotheadvancenoticeproceduressetforthinourbylawsforour2020AnnualMeetingofStockholdersshouldsubmittheirrecommendationsornominationstotheCorporateGovernanceandNominatingCommitteeincareofourCorporateSecretary.Suchnominationsshouldbeinaccordancewiththetimelimitations,procedures,andrequirementsdescribedundertheheading“MayIproposeactionsforconsiderationatnextyear’sAnnualMeetingornominateindividualstoserveasdirectors?”inthesectionentitled“QuestionsandAnswersabouttheProxyMaterialsandour2019AnnualMeeting”below.

ProxyAccessforDirectorNominations.InMarch2016,ourBoardadopteda“ProxyAccessforDirectorNominations”bylawprovision,whichpermitsaneligiblestockholderorgroupofupto20stockholderstonominatecandidatesforelectiontoourBoard.Proxyaccesscandidateswillbeincludedinourproxystatementandballot.Theproxyaccessbylawprovisionprovidesthatholdersofatleast3%ofeBaycommonstock,whichcancompriseupto20stockholders,holdingsuchstockcontinuouslyforatleastthreeyears,cannominatetwoindividualsor20%oftheBoard,whicheverisgreater,forelectionatanannualstockholdersmeeting.Ourbylawsprovidedetailsregardingthetimeframesandproceduresthatmustbefollowedandotherrequirementsthatmustbemettonominatedirectorsthroughthisprocess. 18

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Corporate Governance | OurCorporateGovernancePractices Additional Governance Provisions and ArrangementsStockOwnershipGuidelines.OurBoardhasadoptedstockownershipguidelinestobetteraligntheinterestsofourdirectorsandexecutiveofficerswiththeinterestsofourstockholdersandfurtherpromoteourcommitmenttosoundcorporategovernance.Undertheseguidelines,ourexecutiveofficersarerequiredtoachieveownershipofeBaycommonstockvaluedatthreetimestheirannualbasesalary(tentimesinthecaseofourCEO).Fortheexecutiveofficers,theseguidelinesareinitiallycalculatedusingtheexecutiveofficer’sbasesalaryasofthedatethepersonisfirstappointedasanexecutiveofficer.EachpersonwhowasservingasanexecutiveofficerasofJune30,2016,hadhisorherguidelinesrecalculatedasofJuly1,2016.TheseguidelinesarethenrecalculatedeachJanuary1stimmediatelyfollowingthethirdanniversaryofthemostrecentcalculation.Inaddition,theseguidelineswillalsoberecalculatedasofthedateonwhichanexecutiveofficer’spaygradechanges.Ourdirectors(exceptforourCEO)arerequiredtoachieveownershipofeBaycommonstockvaluedatthreetimestheamountoftheannualretainerpayabletodirectorsasofthelaterof(i)July1,2016or(ii)theyearthedirectorisfirstelectedtotheBoard.Thereafter,theseguidelineswillberecalculatedeachJune1(basedonthevalueofeachdirector’sannualretainerpayableforthatyear).

Eachofourexecutiveofficers(includingourCEO)arerequiredtoretain50%ofanysharesreceived(netofanysharessoldorwithheldtopayanyapplicableexercisepriceorsatisfytaxwithholdingobligations)astheresultoftheexercise,vestingorpaymentofanyeBayequityawardsgrantedtotheexecutiveofficeruntilthestockownershipguidelinesaremet.Eachofourdirectors(exceptforourCEO)arerequiredtoretain25%ofthesharesreceived(netofanysharessoldorwithheldtopayanyapplicableexercisepriceorsatisfytaxwithholdingobligations)astheresultoftheexercise,vestingorpaymentofanyeBayequityawardsgrantedtothedirectoruntilthestockownershipguidelinesaremet.Ourstockownershipguidelinescanbefoundonourinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents.

TheownershiplevelsofourexecutiveofficersanddirectorsasofApril1,2019aresetforthinthesectionentitled“SecurityOwnershipofCertainBeneficialOwnersandManagement”below.

HedgingandPledgingPolicy.TheCompany’sinsidertradingpolicyprohibitsdirectors,executiveofficers,andotheremployeesfromenteringintoanyhedgingormonetizationtransactionsrelatingtooursecuritiesorotherwisetradinginanyinstrumentrelatingtothefuturepriceofoursecurities,suchasaputorcalloption,futurescontract,shortsale,collar,orotherderivativesecurity.ThepolicyalsoprohibitsdirectorsandexecutiveofficersfrompledgingeBaycommonstockascollateralforanyloans.

Clawbacks.In2012,weimplementedchangestotheeBayIncentivePlanandtheCompany’sequityincentiveplanstoprovidethatawardsmadeunderthoseplansaresubjecttoaclawbackprovision.InJanuary2014,thetermsoftheclawbackwereadoptedbytheCompensationCommitteesubjecttoamendmenttocomplywiththeSECrulestobeissuedinaccordancewiththeDodd-FrankWallStreetReformandConsumerProtectionActof2010,ortheDodd-FrankAct.

AgreementswithElliottandStarboard.OnFebruary28,2019,weenteredintoseparateagreements(collectively,the“Agreements”)withfundsaffiliatedwithElliottManagementCorporation(collectively,“Elliott”)andStarboardValueLPanditsaffiliates(collectively,“Starboard”).TheAgreementsincludeprovisionsregardingvariousmattersagreedamongstthepartiestheretoincluding,butnotlimitedto,theappointmentofdirectors,proceduresfordeterminingreplacementsforthenewlyappointeddirectors,votingcommitments,“standstills”restrictingcertainconductandactivitiesduringtheperiodsspecifiedineachAgreement,non-disparagementandotheritemsthatareaddressedseparatelyineachAgreement.AdescriptionoftheAgreementsandcopiesoftheAgreementsareincludedinaForm8-KfiledwiththeSEConMarch1,2019.

PursuanttotheAgreements,MatthewMurphywasappointedtotheBoardonMarch1,2019,andJesseCohnwasappointedtotheBoardonMarch15,2019.

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Contacting the Board or Individual DirectorsStockholdersmaycontacttheBoard,individualdirectorsorgroupsofdirectors(suchasallofourindependentdirectors)atthefollowingaddress:

c/oCorporateSecretary,eBayInc.,2025HamiltonAvenue,SanJose,California95125.

TheCorporateGovernanceandNominatingCommitteehasdelegatedresponsibilityforinitialreviewofstockholdercommunicationstoourCorporateSecretary.ThisprocessassiststheBoardinreviewingandrespondingtostockholdercommunicationsinanappropriatemanner.TheCorporateGovernanceandNominatingCommitteehasinstructedourCorporateSecretarytoreviewcorrespondencedirectedtotheBoardanditsprincipalcommittees.Itisatherdiscretiontodeterminewhethertoforwarditemssolelyrelatedtocomplaintsbyuserswithrespecttoordinarycourseofbusiness,customerserviceandsatisfactionissues,ormattersshedeemstobeofacommercialorfrivolousnatureorotherwiseinappropriatefortheBoard’soritscommittees’consideration.

Auditor IndependenceWehavetakenanumberofstepstoensurecontinuedindependenceofouroutsideauditors.OurindependentauditorsreportdirectlytotheAuditCommittee,andwelimittheuseofourauditorsfornon-auditservices.Thefeesforservicesprovidedbyourauditorsin2017and2018andourpolicyonpre-approvalofnon-auditservicesaredescribedunder“Proposal3—RatificationofAppointmentofIndependentAuditors”below. 20

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Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and ManagementThefollowingtablesetsforthcertaininformationknowntouswithrespecttobeneficialownershipofourcommonstockasofApril1,2019by(1)eachstockholderknowntoustobethebeneficialownerofmorethan5%ofourcommonstock,(2)eachdirectorandnomineefordirector,(3)eachoftheexecutiveofficersnamedinthe2018SummaryCompensationTablebelow,and(4)allexecutiveofficersanddirectorsasagroup.Unlessotherwiseindicatedbelow,theaddressforeachofourexecutiveofficersanddirectorsisc/oeBayInc.,2025HamiltonAvenue,SanJose,California95125. Shares Beneficially Owned (1)Name of Beneficial Owner Number Percent TheVanguardGroup(2) 65,664,433 7.49%BlackRock,Inc.(3) 54,163,262 6.18%PierreM.Omidyar(4) 45,398,858 5.18%DevinN.Wenig(5) 1,675,857 * ScottF.Schenkel(6) 572,544 *StephenFisher(7) 110,991 * WendyJones(8) 86,905 *JaeHyunLee(9) 238,013 * RaymondJ.Pittman(10) 160,090 *FredD.AndersonJr.(11) 35,812 * AnthonyJ.Bates(12) 27,815 *AdrianeM.Brown(13) 6606 * JesseA.Cohn 0 *DianaFarrell(14) 6606 * LoganD.Green(15) 14,129 *BonnieS.Hammer(16) 25,546 * KathleenC.Mitic(17) 24,585 *MatthewJ.Murphy 0 * PaulS.Pressler(18) 42,296 *RobertH.Swan(19) 296,396 * ThomasJ.Tierney(20) 65,410 *PerryM.Traquina(21) 37,895 * Alldirectorsandexecutiveofficersasagroup(21persons)(22) 49,098,111 5.60%

* Lessthanonepercent

(1) Thistableisbaseduponinformationsuppliedbyofficers,directors,andprincipalstockholdersandanySchedules13Dand13GfiledwiththeSEC.BeneficialownershipisdeterminedinaccordancewiththerulesoftheSECandgenerallyincludesvotingorinvestmentpowerwithrespecttosecurities.Unlessotherwiseindicatedinthefootnotestothistable,thepersonsandentitiesnamedinthetablehavesolevotingandsoleinvestmentpowerwithrespecttoallsharesbeneficiallyowned,subjecttocommunitypropertylawswhereapplicable.Sharesofourcommonstocksubjecttooptionsthatarecurrentlyexercisableorexercisablewithin60daysofApril1,2019andrestrictedstockunits(“RSUs”)thatarescheduledtovestwithin60daysofApril1,2019aredeemedtobeoutstandingforthepurposeofcomputingthepercentageownershipofthepersonholdingthoseoptions,butarenottreatedasoutstandingforthepurposeofcomputingthepercentageownershipofanyotherperson.Thepercentageofbeneficialownershipisbasedon877,040,841sharesofcommonstockoutstandingasofApril1,2019.

(2) TheVanguardGroupanditsaffiliatesandsubsidiarieshavebeneficialownershipofanaggregateof65,664,433sharesoftheCompany’scommonstock;TheVanguardGrouphassolepowertovote1,071,060sharesoftheCompany’scommonstock,sharedpowertovote249,370sharesoftheCompany’scommonstock,solepowertodisposeof64,356,459sharesoftheCompany’scommonstockandsharedpowertodisposeof1,307,974sharesoftheCompany’scommonstock.TheaddressforTheVanguardGroupis100VanguardBoulevard,Malvern,Pennsylvania19355.

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Security Ownership of Certain Beneficial Owners and Management | Section16(a)BeneficialOwnershipReportingCompliance

(3) BlackRock,Inc.,anditsaffiliatesandsubsidiarieshavebeneficialownershipofanaggregateof54,163,262sharesoftheCompany’scommonstock;BlackRock,Inc.hassolepowertovote46,168,521sharesoftheCompany’scommonstockandsolepowertodisposeof54,163,262sharesoftheCompany’scommonstock.TheaddressforBlackRock,Inc.is55East52ndStreet,NewYork,NewYork10055.

(4) Mr.OmidyarisourfounderandamemberofourBoard.Includes34,000sharesheldbyhisspouse.

(5) Mr.WenigisourPresidentandCEOandamemberofourBoard.Includes647,502sharesMr.Wenighastherighttoacquirepursuanttooutstandingoptionsexercisablewithin60daysofApril1,2019.

(6) Mr.SchenkelisourSeniorVicePresident,FinanceandCFO.Includes209,554sharesMr.Schenkelhastherighttoacquirepursuanttooutstandingoptionsexercisablewithin60daysofApril1,2019.

(7) Mr.FisherisourSeniorVicePresident,ChiefTechnologyOfficer.Includes9,099sharesMr.Fisherhastherighttoacquirepursuanttooutstandingoptionsexercisablewithin60daysofApril1,2019.

(8) Ms.JonesisourSeniorVicePresident,GlobalCustomerExperience&Operations.Includes18,103sharesMs.Joneshastherighttoacquirepursuanttooutstandingoptionsexercisablewithin60daysofApril1,2019and5,782RSUsthatarescheduledtovestwithin60daysofApril1,2019.

(9) Mr.LeeisourSeniorVicePresident,GeneralManager,eBayMarkets.Includes8,319sharesMr.Leehastherighttoacquirepursuanttooutstandingoptionsexercisablewithin60daysofApril1,2019.

(10) Mr.Pittman’semploymentwiththeCompanywasterminatedonJuly2,2018.

(11) Includes6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.TheaddressforMr.Andersonisc/oElevationPartners,3000SandHillRoad,Suite4-140,MenloPark,California94025.

(12) Includes6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.

(13) Includes140sharesownedthroughatrustand6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.

(14) TheaddressforMs.Farrellisc/oJPMorganChase&CoInstitute,601PennsylvaniaAvenueNW,Floor07-Suite700North,Washington,DC20004.

(15) Includes6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.TheaddressforMr.Greenisc/oLyft,185BerryStreet,Suite5000,SanFrancisco,California94107.

(16) Includes6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.TheaddressforMs.Hammerisc/oNBCUniversal,30RockefellerPlaza,Suite2187E,NewYork,NewYork10112.


(18) Includes6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.TheaddressforMr.Presslerisc/oClayton,Dubilier&Rice,LLC,375ParkAvenue,18thFloor,NewYork,NewYork10152.

(19) Includes6,606RSUsthatarescheduledtovestwithin60daysofApril1,2019.TheaddressforMr.Swanisc/oIntelCorporation,2200MissionCollegeBlvd.,SantaClara,California95054.

(20) Includes9,248RSUsthatarescheduledtovestwithin60daysofApril1,2019.TheaddressforMr.Tierneyisc/oTheBridgespanGroup,2CopleyPlace,7thFloor,Suite3700B,Boston,Massachusetts02116.


(22) Includes892,577sharessubjecttooptionsexercisablewithin60daysofApril1,2019.Also,includes81,090RSUsscheduledtovestwithin60daysofApril1,2019.

Section 16(a) Beneficial Ownership Reporting ComplianceSection16(a)oftheExchangeActrequiresourdirectors,executiveofficers,andholdersofmorethan10%ofourcommonstocktofilereportsregardingtheirownershipandchangesinownershipofoursecuritieswiththeSECandtofurnishuswithcopiesofallSection16(a)reportsthattheyfile.

WebelievethatduringthefiscalyearendedDecember31,2018,ourdirectors,executiveofficers,andholdersofmorethan10%ofourcommonstockcompliedwithallapplicableSection16(a)filingrequirementsexceptforthefilingoffourForm4sonedaylateduetoadministrativeerror.TheseForm4swereforourBoardmembersMessrs.Pressler,Swan,TierneyandTraquinaandwerefiledonNovember6,2018toreportthecommonstockissuedinlieuofcashretainerfeespayableforserviceontheCompany’sBoard.Inmakingthisstatement,wehaverelieduponareviewofthecopiesofSection16(a)reportsfurnishedtousandthewrittenrepresentationsofourdirectorsandexecutiveofficers. 22

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Certain Transactions with Directors and Officers

Certain Transactions with Directors and OfficersOurAuditCommitteereviewsandapprovestheCodeofBusinessConduct,whichappliestoourdirectors,officers,andemployeesandreviewsourprogramsthataredesignedtoensurecompliancewiththeCodeofBusinessConduct.TheAuditCommitteealsoreviewsandapprovesalltransactionswithrelatedpersonsthatarerequiredtobedisclosedinthissectionofourProxyStatement.ThecharterofourAuditCommitteeandourCodeofBusinessConductmaybefoundonourinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents/.

OurBoardhasadoptedawrittenpolicyforthereviewofrelatedpersontransactions.Forpurposesofthepolicy,arelatedpersontransactionincludestransactionsinwhich(1)theamountinvolvedismorethan$120,000,(2)eBayisaparticipant,and(3)anyrelatedpersonhasadirectorindirectmaterialinterest.Thepolicydefinesa“relatedperson”toincludedirectors,nomineesfordirector,executiveofficers,beneficialholdersofmorethan5%ofeBay’soutstandingcommonstockandtheirrespectivefamilymembers.Pursuanttothepolicy,allrelatedpersontransactionsmustbeapprovedbytheAuditCommitteeor,intheeventofaninadvertentfailuretobringthetransactiontotheAuditCommitteeforpre-approval,ratifiedbytheAuditCommittee.IntheeventthatamemberoftheAuditCommitteehasaninterestinarelatedpersontransaction,thetransactionmustbeapprovedorratifiedbythedisinterestedmembersoftheAuditCommittee.Indecidingwhethertoapproveorratifyarelatedpersontransaction,theAuditCommitteewillconsiderthefollowingfactors:

• Whetherthetermsofthetransactionare(a)fairtoeBayand(b)atleastasfavorabletoeBayaswouldapplyifthetransactiondidnotinvolvearelatedperson;

• WhethertherearedemonstrablebusinessreasonsforeBaytoenterintothetransaction;

• WhetherthetransactionwouldimpairtheindependenceofanoutsidedirectorundereBay’sdirectorindependencestandards;and

• Whetherthetransactionwouldpresentanimproperconflictofinterestforanydirectororexecutiveofficer,takingintoaccountthesizeofthetransaction,theoverallfinancialpositionoftherelatedperson,thedirectorindirectnatureoftherelatedperson’sinterestinthetransactionandtheongoingnatureofanyproposedrelationship,andanyotherfactorstheAuditCommitteedeemsrelevant.

Wehaveenteredintoindemnificationagreementswitheachofourdirectorsandexecutiveofficers.Theseagreementsrequireustoindemnifysuchindividuals,tothefullestextentpermittedbyDelawarelaw,forcertainliabilitiestowhichtheymaybecomesubjectasaresultoftheiraffiliationwitheBay.

SinceJanuary1,2018,therewerenorelatedpersontransactions,andwearenotawareofanycurrentlyproposedrelatedpersontransactions,thatwouldrequiredisclosureunderSECrules.

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Proposals Requiring Your Vote | Proposal1—ElectionofDirectors

Proposals Requiring Your Vote

Proposal 1 — Election of Directors

Proposal

1

Election of 15 directors named in this Proxy Statement to our Board to hold office until our 2020 AnnualMeeting of Stockholders☑☑ The Board recommends a FOR vote for each of the director nominees

AttheAnnualMeeting,15directorswillbeelectedtoserveforaone-yeartermuntilour2020AnnualMeetinganduntiltheirsuccessorsareelectedandqualified.

OurBoardiscurrentlycomposedof15members,14ofwhomarecurrentlyindependentdirectorsunderthelistingstandardsofTheNasdaqStockMarket.

ThetermofofficeofeachofthenomineesstandingforelectionattheAnnualMeetingexpiresattheupcomingAnnualMeeting.AllofthenomineesarecurrentlymembersoftheBoardandeachofthenomineeshasbeenelectedpreviouslybythestockholders,exceptJesseCohnandMatthewMurphy,whojoinedtheBoardinMarch2019.

OnFebruary28,2019,weenteredintoseparateAgreementswithfundsaffiliatedwithElliottManagementCorporationandStarboardValueLPanditsaffiliates.PursuanttotheAgreements,MatthewMurphywasappointedasadirectortoourBoardonMarch1,2019,andJesseCohnwasappointedasadirectortoourBoardonMarch15,2019.AdescriptionoftheAgreementsandcopiesoftheAgreementsareincludedinaForm8-KfiledwiththeSEConMarch1,2019.

EachofthenomineeshasconsentedtoservingasanomineeandbeingnamedasanomineeinthisProxyStatementandtoservingasadirectorifelected.IfelectedattheAnnualMeeting,eachofthenomineeswillserveaone-yeartermuntilour2020AnnualMeetinganduntilhisorhersuccessoriselectedandqualified,oruntilhisorherearlierdeath,resignation,retirement,orremoval.

MajorityVoteStandardforElectionofDirectors.Ourbylawsprovidethatintheeventofanuncontestedelection,eachdirectorshallbeelectedbytheaffirmativevoteofamajorityofthevotescastwithrespecttosuchdirector—i.e.,thenumbersofsharesvoted“FOR”adirectornomineemustexceedthenumberofvotescast“AGAINST”thatnominee.“ABSTAIN”voteswillbecountedaspresentforpurposesofthisvotebutarenotcountedasvotescast.Brokernon-voteswillnotbecountedaspresentandarenotentitledtovoteontheproposal.Asaresult,abstentionsandbrokernon-voteswillhavenoeffectonthevoteforthisproposal.

DirectorResignationPolicyforUncontestedElections.Ifanomineewhoisservingasadirector(an“IncumbentDirector”)failstoreceivetherequirednumberofvotesforelectioninaccordancewithourbylawsinanuncontestedelection,underDelawarelaw,theIncumbentDirectorwouldcontinuetoserveontheBoardasa“holdoverdirector”untilhisorhersuccessoriselectedandqualified,oruntilhisorherearlierdeath,resignation,retirement,orremovalpursuanttoourbylaws.OurCorporateGovernanceGuidelinesprovidethat,inconsideringwhethertonominateanyIncumbentDirectorforelection,theBoardwilltakeintoaccountwhethertheIncumbentDirectorhastenderedanirrevocableresignationthatiseffectiveupontheBoard’sacceptanceofsuchresignationintheeventthedirectorfailstoreceivetherequiredvotetobeelected,asdescribedabove.EachofourIncumbentDirectorshastenderedanirrevocableresignation.InthecaseofaproposednomineewhoisnotanIncumbentDirector,theBoardwilltakeintoaccountwhetherheorshehasagreedtotendersucharesignationpriortobeingnominatedforelection. 24

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Proposals Requiring Your Vote | Proposal1—ElectionofDirectors Inthecaseofanuncontestedelection,ifanomineewhoisanIncumbentDirectordoesnotreceivetherequiredvoteforelection,theCorporateGovernanceandNominatingCommitteeoranothercommitteeoftheBoardwilldecidewhethertoacceptorrejectsuchdirector’sresignation(ifthedirectorhastenderedsucharesignation),orwhethertotakeotheraction,within90daysafterthedateofthecertificationoftheelectionresults(subjecttoanadditional90-dayperiodincertaincircumstances).Inreachingitsdecision,theCorporateGovernanceandNominatingCommitteewillreviewfactorsitdeemsrelevant,whichmayincludeanystatedreasonsfor“AGAINST”votes,whethertheunderlyingcauseorcausesofthe“AGAINST”votesarecurable,criteriaconsideredbytheCorporateGovernanceandNominatingCommitteeinevaluatingpotentialcandidatesfortheBoard,thelengthofserviceofthedirector,thesizeandholdingperiodofsuchdirector’sstockownershipintheCompany,andthedirector’scontributionstotheCompany.TheCorporateGovernanceandNominatingCommittee’sdecisionwillbepubliclydisclosedinafilingwiththeSEC.IfanomineewhowasnotalreadyservingasadirectorfailstoreceivetherequiredvotestobeelectedattheAnnualMeeting,heorshewillnotbecomeamemberoftheBoard.AllofthedirectornomineesarecurrentlyservingontheBoardandeachdirectornomineehassubmittedanirrevocableresignationofthetypedescribedabove.

Background to the Board’s Recommendation in Favor of eBay’s NomineesTheCorporateGovernanceandNominatingCommitteeconsidersanumberoffactorsandprinciplesindeterminingtheslateofdirectornomineesforelectiontotheCompany’sBoardthatitrecommendstotheBoard,asdiscussedinthesectiontitled“CorporateGovernance–BoardofDirectorsandCommittees–CorporateGovernanceandNominatingCommittee,”above.Inparticular,theBoardconsidersthefollowingfactorsandprinciplestoevaluateandselectnominees:

• TheBoardshouldbecomposedofdirectorschosenonthebasisoftheircharacter,integrity,judgment,skills,background,andexperienceofparticularrelevancetotheCompany.

• Directorsshouldhavehigh-levelmanagerialexperienceinarelativelycomplexorganizationorbeaccustomedtodealingwithcomplexproblems.

• Directorsshouldalsorepresentthebalanced,bestinterestsofthestockholdersasawhole,ratherthanspecialinterestgroupsorconstituencies.

• Eachdirectorshouldbeanindividualofthehighestcharacterandintegrity,withtheabilitytoworkwellwithothersandwithsufficienttimeavailabletodevotetotheaffairsoftheCompanyinordertocarryouttheresponsibilitiesofadirector.

• InaddressingtheoverallcompositionoftheBoard,characteristicssuchasdiversity(includinggender,raceandage),internationalbackground,andexpertiseshouldbeconsidered.

• TheBoardshouldbecomposedofdirectorswhoarehighlyengagedwithourbusiness.

• TheBoardshouldincludeindividualswithhighlyrelevantprofessionalexperience.

OurCorporateGovernanceandNominatingCommitteeandBoardhaveevaluatedeachofthedirectornomineesagainstthefactorsandprincipleseBayusestoselectdirectornominees.Basedonthisevaluation,ourCorporateGovernanceandNominatingCommitteeandtheBoardhaveconcludedthatitisinthebestinterestsofeBayanditsstockholdersforeachoftheproposednomineeslistedbelowtoserveasadirectorofeBay.TheBoardbelievesthatallofthesenomineeshaveastrongtrackrecordofbeingresponsiblestewardsofstockholders’interestsandbringextraordinarilyvaluableinsight,perspective,andexpertisetotheBoard.AdditionalreasonsthattheBoardrecommendssupportingtheelectionofthedirectornomineesinclude:

• Allofthenomineeshavehigh-levelmanagerialexperienceinrelativelycomplexorganizations.

• Eachnomineehashighlyrelevantprofessionalexperienceinthemanagement,technology,andinnovationfields.

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• EachnomineeishighlyengagedandabletocommitthetimeandresourcesneededtoprovideactiveoversightofeBayanditsmanagement.Noneofthenomineessitsontheboardsofmorethanthreeotherpubliccompanies,andeachofthenomineeswhoservedasadirectorduring2018attendedatleast75%oftheaggregatenumberofmeetingsoftheBoardandthecommitteesonwhichtheyserved.

• TheBoardbelieveseachnomineeisanindividualofhighcharacterandintegrityandisabletocontributetostrongboarddynamics.

• Eachofthesenomineeshasexperienceandexpertisethatcomplementtheskillsetsoftheothernominees.

Inadditiontotheseattributes,ineachindividual’sbiographysetforthbelow,wehavehighlightedspecificexperience,qualifications,andskillsthatledtheBoardtoconcludethateachindividualshouldserveasadirectorofeBay. 26

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Nominees for Election for a One-Year Term Expiring at Our 2019 Annual Meeting

Fred D. Anderson Jr., 74 Director Since :2003eBay Board Committees:• AuditCommittee(Chair;AuditCommitteeFinancialExpert)

Other Public Company Boards:• YelpInc.(since2011)

Director Qualifications

• Financial Expertise: Extensivefinancialexperience,havingservedastheChiefFinancialOfficerofAppleInc.,oneoftheworld’slargestconsumerelectronicscompanies,foreightyears,andtheChiefFinancialOfficerofAutomaticDataProcessing,Inc.,oneoftheworld’slargestprovidersofbusinessprocessingsolutions,forfouryears.

• Technology Industry Experience: FormerChiefFinancialOfficeroftwolarge,innovativeglobaltechnologycompanies,aswellasextensiveexperienceasaboardmemberofpublictechnologycompanies.

• Transactional Experience: SignificantexperienceinallaspectsofanalyzingandexecutingsophisticatedcorporatetransactionswithverylargeandsophisticatedtechnologybusinessesandatElevationPartners.

• Leadership: Co-FounderandManagingDirectorofElevationPartnersandNextEquityPartners.

Experience

Mr.AndersonservesasaManagingDirectorofNextEquityPartners,afirmheco-foundedinJuly2015,andElevationPartners,afirmheco-foundedinJuly2004,focusingonventureandprivateequityinvestmentsintechnologyanddigitalmediacompanies.From1996until2004,Mr.AndersonservedasExecutiveVicePresidentandChiefFinancialOfficerofAppleInc.From1992until1996,Mr.AndersonservedasCorporateVicePresidentandChiefFinancialOfficerofAutomaticDataProcessing,Inc.Priortothat,Mr.AndersonwastheChiefOperatingOfficerandPresidentofMAISystemsCorporation.

Mr.AndersonwasformerlyaCertifiedPublicAccountantwithCoopers&LybrandandacaptainintheU.S.AirForce.Mr.AndersoncurrentlyservesontheboardofdirectorsofYelpInc.Mr.AndersonalsoservesontheBoardofTrusteesforWhittierCollegeandalsoservesontheAdvisoryBoardforStanfordAthletics.Mr.AndersonreceivedhisB.A.fromWhittierCollegeandhisM.B.A.fromtheUniversityofCalifornia,LosAngeles.

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Anthony J. Bates, 51 Director Since :2015eBay Board Committees:• CompensationCommittee• RiskCommitteeOther Public Company Boards:• VMware,Inc.(since2016)• SocialCapitalHedosophiaHoldingsCorp.(since2017)


• Technology Industry Experience: Extensiveexecutiveleadershipexperienceinthetechnologyindustry,includingthemanagementofworldwideoperations,sales,serviceandsupportareas.

• Leadership: Mr.BatesbringsstrongleadershipexpertisetotheBoard.HecurrentlyservesontheboardsofVMware,Inc.andSocialCapitalHedosophiaHoldingsCorp.,andformerlyservedasthePresidentandaboardmemberofGoPro,Inc.HeistheformerExecutiveVicePresident,BusinessDevelopmentandEvangelismatMicrosoftCorporation,formerChiefExecutiveOfficerofSkypeInc.andformerSeniorVicePresidentofCiscoSystems,Inc.

Experience

Mr.BatesistheViceChairmanoftheboardofSocialCapitalHedosophiaHoldingsCorp.(aspecialpurposeacquisitioncompany)aswellasaboardpartnerinsupportofNetskope(aportfoliocompany).FromMay2017throughJune2018,Mr.BatesheldthepositionofChiefExecutiveOfficerofGrowthatSocialCapital.HeisalsoamemberoftheboardsofdirectorsofGoPro,Inc.andVMware,Inc.,whereheischairoftheMergers&Acquisitionscommittee.

PriortojoiningSocialCapital,Mr.BateswasthePresidentofGoPro,Inc.andhelpedwiththeinitialpublicofferingofthecompany.BeforejoiningGoPro,Inc.,Mr.BateswastheexecutivevicepresidentofMicrosoft’sBusinessDevelopmentandEvangelismgroup,responsibleforthecompany’srelationshipswithkeyOEMs,strategicinnovationpartners,independentsoftwarevendorsanddevelopers.Mr.BatesalsoledMicrosoft’scorporatestrategyteam.

Mr.BateswasalsothepresidentofMicrosoft’sSkypeDivisionandtheChiefExecutiveOfficerofSkypepriortoitsacquisitioninOctoberof2011.AstheChiefExecutiveOfficerofSkype,Mr.Bateshelpedgrowthenumberofusersfrom100milliontoover300millionandrevenuesofthecompanyto$1billion.PrecedingSkype,Mr.BateswasSeniorVicePresidentandGeneralManagerofCisco’senterprise,commercialandsmallbusinessgroupaswellasleaderofitsserviceproviderandhigh-endrouterbusinessunits.BeforeCisco,Mr.Batesspearheadedthebackbone-engineeringstrategyforInternetMCI.Mr.BatesalsoservedasamemberoftheboardsofYouTubeandLoveFilm.

Mr.Bateshasmorethan25yearsofexperienceintheInternetandtelecommunicationsindustries,andhaspublished12IETFRFCsintheareasofInternetroutingandoperations.Mr.Batesalsoholds10patentsintheareaofLayer2andLayer3networkinnovations.

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Adriane M. Brown, 60 Director Since: 2017eBay Board Committees:• AuditCommittee• RiskCommitteeOther Public Company Boards:• AllerganPlc(since2017)• RaytheonCompany(since2018)


• Global Business Leadership: Ms.BrownbringstotheBoardherextensivebusinessleadershipexperienceleadinganumberofglobaltechnologyandcommercialbusinesses.Shepossessessignificantexperiencedrivingbusinessstrategy,businessdevelopment,R&D,manufacturingandsales,andservingcustomersworldwide.Sheisknownfordrivinginnovation,customerexpansionandbusinessgrowth.

• Leadership: Ms.BrownservedasPresidentandChiefOperatingOfficerforIntellectualVentures(“IV”)fromJanuary2010toJuly2017,aftermorethan25yearsinleadershiprolesincorporateAmerica.DuringhertenureatIV,thecompanydeliveredmorethan$3BinRevenue,inventedthetechnologyenabling14companiesandjointventures,acquired50customersandestablishedGlobalGoodandResearch,whichismakingsignificantinroadsinglobalhealththroughinventionandinnovation.

Experience

Ms.BrownbecameaVenturePartneratFlyingFishFundinNovember2018.Priortothat,Ms.BrownservedasPresidentandChiefOperatingOfficerforIVfromJanuary2010throughJuly2017,andservedasaSeniorAdvisoruntilDecember2018.BeforejoiningIV,Ms.BrownservedasPresidentandChiefExecutiveOfficerofHoneywellTransportationSystems.Overthecourseof10yearsatHoneywell,sheheldleadershippositionsservingtheaerospaceandautomotivemarkets,globally.PriortoHoneywell,Ms.Brownspent19yearsatCorningultimatelyservingasVPandGM,EnvironmentalProductsDivision,havingstartedhercareerthereasashiftsupervisor.

Ms.BrownalsoservesontheboardofdirectorsofAllerganPlc,RaytheonCompanyandWashingtonResearchFoundation.SheisalsoontheboardofdirectorsofthePacificScienceCenterandJobsforAmerica’sGraduates.

Ms.BrownholdsaDoctorateofHumaneLettersandabachelor’sdegreeinenvironmentalhealthfromOldDominionUniversity,andwasnamedaDistinguishedAlumni.Shealsoholdsamaster’sdegreeinmanagementfromtheMassachusettsInstituteofTechnologywhereshewasaSloanFellow.

Other Public Company Boards:

Jesse A. Cohn, 38 Director Since: 2019eBay Board Committees:• None• CitrixSystems,Inc.(since2015)


• Technology Industry Experience: Extensiveexperienceinthetechnologyindustry,sittingontheboardsoftechnologycompanies.

• Leadership: AstheHeadofU.S.EquityActivismatElliotManagementCorporation,andasamemberoftheboardsofmultipletechnologycompanies,Mr.CohnbringsstrongleadershipexperiencetotheBoard.

Experience

Mr.CohnisaPartner,memberoftheManagementCommittee,andtheHeadofU.S.EquityActivismatElliottManagementCorporation.Mr.Cohn’sprimaryresponsibilityistomanageU.S.equityactivistefforts,andhespendsconsiderabletimefocusingonElliott’stechnologyinvestments.

Mr.CohnservesontheBoardofDirectorsofCitrixSystems,Inc.andisamemberoftheAdvisoryBoardattheHarvardLawSchoolProgramonCorporateGovernance.PriortojoiningElliottin2004,Mr.CohnwasanAnalystinthemergersandacquisitionsgroupatMorganStanley.HeearnedhisB.S.inEconomicsfromtheUniversityofPennsylvania’sWhartonSchoolofBusiness,fromwhichhegraduatedsummacumlaude.

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Diana Farrell, 54 Director Since: 2017eBay Board Committees:• RiskCommitteeOther Public Company Boards:• None


• Global Economic Experience: PreviouslyglobalheadoftheMcKinseyGlobalInstitute(MGI),McKinseyCenterforGovernment(MCG),andasaleadingeconomicadvisortothePresidentoftheUnitedStates,coveringthebreadthoftheeconomicagenda.Sheisalsomemberofseveraleconomicandinternationalpolicygroupsandatrusteeleadingeconomicthinktanks(seebelow).

• Finance Experience: Extensivefinancialexperience,havingservedastheChiefExecutiveOfficerandfoundingPresidentoftheJPMorganChaseInstitute.LedmajorresearchonglobalcapitalmarketsatMGI,andledtheinteragencyprocessonallfinancialpolicywhenDeputyDirectoroftheNationalEconomicCouncil.

• Leadership: FoundingPresidentandChiefExecutiveOfficeroftheJPMorganChaseInstitute.Priortothat,Ms.FarrellservedasSeniorPartneratMcKinsey&Company,aswellasGlobalHeadofMcKinseyGlobalInstituteandMcKinseyCenterforGovernment.ShewasDeputyDirectoroftheNationalEconomicCouncil.Shehasastrongrecordofservingonnon-profitboardsandleadingeconomicandpolicyorganizations.

• Experience: Ms.FarrellisthefoundingPresidentandChiefExecutiveOfficeroftheJPMorganChaseInstitute,committedtodeliveringdatarichanalysesandexpertinsightsforthepublicgood.Previously,Ms.FarrellwasaSeniorPartneratMcKinsey&CompanywheresheledtheGlobalMcKinseyCenterforGovernmentandtheMcKinseyGlobalInstitute.Sheisanactivetrusteeandmemberofarangeofleadingeconomicandpolicyorganizations.

Experience

Ms.FarrellisthefoundingPresidentandChiefExecutiveOfficeroftheJPMorganChaseInstitute,committedtodeliveringdatarichanalysesandexpertinsightforthepublicgood.Previously,Ms.FarrellwastheGlobalHeadoftheMcKinseyCenterforGovernmentandtheMcKinseyGlobalInstitute.

Ms.FarrellalsoservedintheWhiteHouseasDeputyDirectoroftheNationalEconomicCouncilandDeputyAssistanttothePresidentonEconomicPolicyfrom2009-2010.Duringhertenure,sheledinteragencyprocessesandstakeholdermanagementonabroadportfolioofeconomicandlegislativeinitiatives.Ms.FarrellcoordinatedpolicydevelopmentandstakeholderengagementaroundthepassageoftheDodd-FrankActandservedasamemberofthePresident’sAutoRecoveryTaskForce.

Ms.FarrellalsocurrentlyservesontheboardofdirectorsforTheUrbanInstituteandtheNationalBureauofEconomicResearch,andisaTrusteeEmeritusofWesleyanUniversitySchool.Inaddition,Ms.FarrellisaTrusteeoftheTrilateralCommissionandservedasaCo-ChairoftheWorldEconomicForum’sCouncilonEconomicProgress.Ms.FarrellisalsoamemberoftheCouncilonForeignRelations,theEconomicClubofNewYork,theAspenStrategyGroup,theBrettonWoodsCommitteeandtheNationalAcademiesofScience’sCommitteeonNationalStatistics,

Ms.FarrellholdsaM.B.A.fromHarvardBusinessSchool,andhasaB.A.fromWesleyanUniversity,fromwhereshewasawardedaDistinguishedAlumnaaward.

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Logan D. Green, 35 Director Since: 2016eBay Board Committees:• CorporateGovernanceandNominatingCommittee

Other Public Company Boards:• Lyft,Inc.(since2019)


• Technology Industry Experience: Extensiveexecutiveandentrepreneurialleadershipexperienceinthetechnologyindustry.

• Leadership: AsChiefExecutiveOfficerandco-founderofLyftInc.,anon-demandtransportationcompanyoperatingin300citiesacrosstheU.S.,Mr.GreenbringsstrongleadershipexperiencetotheBoard.

Experience

Mr.GreenhasservedastheChiefExecutiveOfficerandco-founderofLyftInc.since2012,whichserves50millionridersamonth.LyftInc.grewoutofZimride,aridesharecompanypreviouslyco-coundedbyMr.Greenin2007.ZimridewasacquiredbyEnterpriseRent-a-car.Mr.GreenreceviedhisB.A.inBusinessEconomicsfromtheUniversityofCalifornia,SantaBarbara.

Bonnie S. Hammer, 68 Director Since: 2015eBay Board Committees:• CompensationCommitteeOther Public Company Boards:• IAC/InteractiveCorp(since2014)


• Media Experience: Industryleaderinmediaforover40years,withexpertiseinnetworkprogramming,production,marketing,andmultiplatformbranding.

• Leadership: AsChairman,Direct-to-ConsumerandDigitalEnterprisesforNBCUniversal,Ms.Hammer’sexecutiveoversightofthemediacompany’sforthcomingnewstreamingserviceandDigitalEnterprisesgroup,plusherpreviousdecades-longoversightofprominentcablebrandsandproductionstudios,providestheBoardwithstrongleadershipexperience.

Experience

Ms.HammerwasnamedChairman,Direct-to-ConsumerandDigitalEnterprises,NBCUniversalinJanuary2019.Inthisrole,HammerisleadingthedevelopmentandlaunchofNBCUniversal’srecentlyannouncedstreamingservice,whichwilldebutin2020.Additionally,HammerhasoversightoftheNBCUniversalDigitalEnterprisesgroupandthecompany’sinvestmentsinBuzzFeed,VoxandSnap.

PriortothisappointmentHammerwasChairmanofNBCUniversalCableEntertainmentandCableStudios,apositionsheheldsince2010.Inthatcapacity,Ms.HammerhadexecutiveoversightofleadingcablebrandsincludingUSANetwork,Bravo,SYFY,E!Entertainment,OxygenandUniversalKids.ShealsohadoversightoftwoHollywoodstudios:UniversalCableProductionsandWilshireStudios;andthedigitalbusiness,Bluprint.

WhenMs.HammerjoinedNBCUniversalin2004,shewasnamedPresidentofUSANetworkandSYFY,havingservedasPresidentofSYFYfrom2001to2004.SheheldotherseniorexecutivepositionsatSYFYandUSANetworkfrom1989to2000.Beforethat,shewasanoriginalprogrammingexecutiveatLifetimeTelevisionNetworkfrom1987to1989.Ms.HammerhasservedontheboardsofShopNBC,a24-hourTVShoppingnetwork,theInternationalRadioandTelevisionSociety,andtheAdCouncil.Ms.HammeralsoservesontheboardofdirectorsofIAC/InteractiveCorpandcurrentlyholdsanadvisoryrolewithBostonUniversity’sCollegeofCommunication.Additionally,Ms.HammerservesontheBoardofGovernorsfortheMotionPicture&TelevisionFund.

Ms.Hammerholdsabachelor’sdegreeincommunicationsandamaster’sdegreeinmediaandnewtechnologyfromBostonUniversity.In2017,BostonUniversityawardedheranHonoraryDoctorateofHumaneLetters.

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Kathleen C. Mitic, 49 Director Since: 2011eBay Board Committees:• CompensationCommittee• CorporateGovernanceandNominatingCommittee(Chair)

Other Public Company Boards:• RH(f/k/aRestorationHardwareHoldings,Inc.)(since2013)


• Product and Marketing Experience: Ms.Mitichasexpertiseinglobalproductsandmarketing.Ms.MiticledGlobalPlatformandMobileMarketingatFacebook,Inc.,oneoftheworld’smostrecognizedsocialnetworkingcompanies,andledGlobalProductsMarketingatPalm,Inc.

• Leadership: Ms.Mitichasservedinexecutivepositionswithintheindustryaslistedabove,includingatmajorglobalconsumer-facingtechnologycompanies,forovertwentyyears.ShehasexperiencebuildingandoperatingtechnologycompaniesasthefounderandChiefExecutiveOfficerofSitch,Inc.andtheVicePresidentandGeneralManagerofYahoo!Inc.HerextensiveexperienceasanentrepreneurisparticularlyrelevanttoourCompany.

Experience

From2012to2017,Ms.MiticwastheChiefExecutiveOfficerofSitch,Inc.,(formerlyknownasThreeKoiLabs,Inc.),amobilestart-upcompanyshefounded.From2010to2012,Ms.MiticservedasDirectorofPlatformandMobileMarketingforFacebook,Inc.,asocialnetworkingservice.From2009to2010,Ms.MiticservedasSeniorVicePresident,ProductMarketingofPalm,Inc.,asmartphonemanufacturer.

Ms.MiticcurrentlyservesontheboardofdirectorsofRH(formerlyknownasRestorationHardwareHoldings,Inc.),wheresheservesasamemberoftheAuditCommittee.ShealsoservesontheboardofdirectorsofHeadspaceInc.

Ms.MiticreceivedherB.A.fromStanfordUniversityandherM.B.A.fromHarvardBusinessSchool.

• MarvellTechnology(since2016)

Matthew J. Murphy, 46 Director Since: 2019eBay Board Committees:• NoneOther Public Company Boards:


• Technology Industry Experience: Extensivetechnologyindustryexperience,memberoftheboardofGlobalSemiconductorAllianceandSemiconductorIndustryAssociation.

• Leadership: President,ChiefExecutiveOfficerandmemberoftheboardofMarvellTechnology.

Experience

Mr.MurphyisPresidentandChiefExecutiveOfficerofMarvellTechnology.HehasledthecompanysincejoininginJuly2016andalsoservesasamemberofthecompany’sBoardofDirectors.PriortoMarvell,MattworkedforMaximIntegratedinaseriesofbusinessleadershiprolesovertwodecades.Mostrecently,heservedasExecutiveVicePresidentofBusinessUnitsandSales&Marketing,overseeingallproductdevelopmentandgo-to-marketactivities.

Mr.MurphyearnedaB.A.fromFranklin&MarshallCollege,andisalsoagraduateoftheStanfordExecutiveProgram.HeservesontheboardsofdirectorsoftheGlobalSemiconductorAlliance(GSA),andSemiconductorIndustryAssociation(SIA),wherehewaselectedSIABoardChairfor2018.

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Pierre M. Omidyar, 51 Director Since: 1996eBay Board Committees:• NoneOther Public Company Boards:• None


• Technology Industry Experience: Mr.Omidyarhasextensiveexperienceasatechnologistandinnovatorinourindustry.Hisknowledgeoftheindustryandlonghistoryofdrivinginnovationprovideimportantexpertisetoourtechnology-drivenandinnovation-focusedCompany.

• Leadership: AsthefounderofeBay,Mr.OmidyarbringstotheBoardadeepunderstandingofthebusinessandalong-standinghistoryasaleaderwithinourCompanyandthetechnologyindustry.Inaddition,Mr.OmidyarservedontheboardofdirectorsofPayPalHoldingsInc.andfoundedseveralotherinnovativebusinesses,includingtheOmidyarNetworkandFirstLookMedia.HisextensiveexperienceasanentrepreneurisparticularlyrelevanttoourCompany.

Experience

PierreM.Omidyarisaphilanthropist,technologist,andinnovator.Mr.OmidyarfoundedeBayinSeptember1995andhasservedasaBoardmemberofeBayInc.sinceMay1996,andasChairmanoftheBoardfromMay1996toJuly2015.HeservedasdirectorofPayPalHoldingsInc.fromJuly2015toMay2017.

Mr.OmidyarandhiswifePamareactivephilanthropists,engagedinthephilanthropicorganizationsofTheOmidyarGroup,afewofwhichinclude:DemocracyFund,HopeLab,HumanityUnited,OmidyarNetwork,UluponoInitiative,andtherecently-launchedLuminate,Flourish,andSpero.Inaddition,Mr.Omidyarisco-founderandpublisherofCivilBeat,anonprofitnewsservicededicatedtoservingHawaii’spublicinterestthroughinvestigativejournalism.HeisalsothefounderofFirstLookMedia,amediacompanydevotedtosupportingindependentvoices,fromfearlessinvestigativejournalismanddocumentaryfilmmakingtosmart,provocativeentertainment.Mr.OmidyarservesontheBoardofTrusteesoftheOmidyar-TuftsMicrofinanceFund,PunahouSchool,andSantaFeInstitute.

Mr.OmidyarreceivedhisB.S.fromTuftsUniversity.

Paul S. Pressler, 62 Director Since: 2015eBay Board Committees:• CompensationCommittee(Chair)

• CorporateGovernanceandNominatingCommittee

Other Public Company Boards:• None


• Financial Expertise: Mr.PresslerhasbeenapartnerattheprivateequityfirmClayton,Dubilier&Rice,LLCsince2009.

• Leadership: Mr.PresslerhasextensiveleadershipexperienceasformerChairmanofDavid’sBridal,Inc.,ChairmanofSiteOneLandscapeSupply,Inc.andInterimChiefExecutiveOfficerofDavid’sBridal,Inc.HewasalsotheformerChairoftheboardofAssuraMedHolding,Inc.Inaddition,Mr.PresslerpreviouslyservedasPresidentandChiefExecutiveOfficerofGapInc.andspent15yearsinseniorleadershiprolesatTheWaltDisneyCompany,includingasPresidentofTheDisneyStores.

Experience

Mr.PresslerhasbeenapartnerofClayton,Dubilier&RiceLLC,aprivateequityinvestmentfirm,since2009.HepreviouslyservedasChairmanofDavid’sBridal,aretailcompanyspecializinginformalwear.HealsoservedasChairmanofAssuraMedfrom2010to2013.Mr.PresslerservedasPresidentandChiefExecutiveOfficerofGapInc.forfiveyears,from2002to2007.Beforethat,hespent15yearsinseniorleadershiproleswithTheWaltDisneyCompany,includingChairmanoftheglobalthemeparkandresortsdivision,PresidentofDisneyland,andPresidentofTheDisneyStores.

Mr.PresslercurrentlyservesontheboardofdirectorsofTheDryBar,Inc.,Wilsonart,Inc.andYearUp.

Mr.PresslerreceivedhisB.S.fromtheStateUniversityofNewYorkatOneonta.

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Robert H. Swan, 58 Director Since: 2015eBay Board Committees:• RiskCommittee(Chair)Other Public Company Boards:• IntelCorporation(since2019)


• Financial Expertise: Mr.SwanwasnamedChiefExecutiveOfficerofIntelCorporationinJanuary2019,wherehepreviouslyservedasExecutiveVicePresidentandChiefFinancialOfficersince2016.

• Leadership: Mr.SwanbringsextensivebusinessleadershipexpertisetotheBoard.HepreviouslyservedasanOperatingPartnerofGeneralAtlantic.HealsoservedastheSeniorVicePresident,Finance,andChiefFinancialOfficerateBayInc.Inaddition,Mr.SwanservedasChiefFinancialOfficeratElectronicDataSystemsCorp.,TRW,Inc.,andWebvanGroup,Inc.

Experience

Mr.SwanjoinedIntelCorporation,amultinationaltechnologycompany,in2016whereheservedasitsExecutiveVicePresidentandChiefFinancialOfficeruntilbeingnamedChiefExecutiveOfficerinJanuary2019.From2015to2016,Mr.SwanservedasanOperatingPartnerofGeneralAtlantic,aleadingglobalgrowthequityfirm.From2006to2015,Mr.SwanservedasSeniorVicePresident,Finance,andChiefFinancialOfficerateBay,whereheoversawallaspectsoftheCompany’sfinancefunction,includingcontrollership,financialplanningandanalysis,tax,treasury,audit,mergersandacquisitions,andinvestorrelations.PriortoeBay,Mr.SwanservedasChiefFinancialOfficeratElectronicDataSystemsCorp.,TRW,Inc.,andWebvanGroup,Inc.

Mr.SwanbeganhiscareeratGeneralElectric,wherehespent15yearsinnumerousseniorfinanceroles,includingdivisionalChiefFinancialOfficerforGETransportationSystems,GEHealthcareEurope,andGELighting.

Mr.SwanreceivedhisB.S.fromtheStateUniversityofBuffaloandhisM.B.A.fromtheStateUniversityofNewYorkatBinghamton.

Thomas J. Tierney, 65 Director Since: 2003• ChairmanoftheBoardeBay Board Committees:• CompensationCommittee• CorporateGovernanceandNominatingCommittee

Other Public Company Boards:• None


• Nonprofit and Philanthropic Leader: Mr.Tierneyisasocialentrepreneurandrecognizedleaderinthenon-profitworld.Hefrequentlyspeaksandwritesonavarietyoftopicsrelatedtonon-profitleadershipandphilanthropy.Mr.TierneyisalsoChairoftheHarvardBusinessSchoolInitiativeonSocialEnterpriseandservesontheHarvardBusinessSchool’sDean’sAdvisoryBoard.

• Management and Strategy/Leadership Consulting Experience: Mr.TierneyhasextensivemanagementexperienceasChairmanofTheBridgespanGroupandChiefExecutiveofBain&Company.Hehasover35yearsofexperienceprovidingstrategyandleadershipconsultingtoCEOsacrossarangeofindustries.

• Leadership: Mr.TierneyhelpedleadBain&Companythroughahighlysuccessfulturnaround.

Experience

Mr.TierneyisChairmanandco-founderofTheBridgespanGroup,anon-profitorganizationthatcollaborateswithmission-drivenleadersandorganizationstohelpacceleratesocialimpact,andhehasbeenitsChairmanoftheBoardsincelate1999.From1980to2000,heheldvariouspositionsatBain&Company,includingservingasitsCEOfrom1992to2000.

Mr.Tierneycurrentlyservesonmanycharitableboards,includingtheglobalboardofTheNatureConservancy(wherehecurrentlyservesastheChairman),TheHooverInstitutionandTheWoodsHoleOceanographicInstitution.

Mr.TierneyreceivedhisB.A.fromtheUniversityofCaliforniaatDavisandhisM.B.A.fromHarvardBusinessSchool.

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Perry M. Traquina, 62 Director Since: 2015eBay Board Committees:• AuditCommittee• CorporateGovernanceandNominatingCommittee

Other Public Company Boards:• MorganStanley(since2015)• TheAllstateCorporation(since2016)


• Investment/Finance Experience: Mr.Traquinabringssignificantexpertiseinfinanceandglobalinvestmentmanagementwithmorethan34yearsofexperienceatWellingtonManagementCompanyLLP.

• Leadership: Mr.Traquina’sexperienceasaformerChairman,CEO,andManagingPartnerofWellingtonManagementCompanyLLPaddstothestrongleadershipexpertiseoftheBoard.HealsoservesontheboardofdirectorsofMorganStanleyandTheAllstateCorporation.

Experience

Mr.TraquinaistheformerChairman,ChiefExecutiveOfficer,andManagingPartnerofWellingtonManagementCompanyLLP,aglobalinvestmentmanagementfirm.Mr.Traquinaheldthispositionforadecadeuntilhisretirementfromthefirmin2014.Duringhis34-yearcareeratWellington,hewasaninvestorfor17yearsandamemberofthemanagementteamfortheotherhalfofhistimeatthefirm.

Mr.TraquinareceivedhisB.A.fromBrandeisUniversityandhisM.B.A.fromHarvardUniversity.

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Devin N. Wenig, 52 Director Since: 2015eBay Board Committees:• NoneOther Public Company Boards:• GeneralMotorsCo.(since2018)


• Technology Industry Experience: Mr.WenigwasPresidentofeBay’sMarketplacesbusinessfrom2011toJuly2015.Mr.WenigwasalsoChiefExecutiveOfficerofThomsonReutersMarkets,whichincludedsignificantsoftwareandinternetbusinesses.

• Marketing Expertise: Mr.WenigpreviouslyservedinanumberofmarketingleadershippositionsatReuters,includingManagingDirectorofMarketingatReutersInformation,ExecutiveVicePresidentofMarketingatReutersAmerica,andExecutiveVicePresidentofMarketingatReutersHoldingSwitzerlandSA.

• Leadership: Mr.WenigbringssignificantleadershipexperiencetotheBoard,becauseheisthePresidentandChiefExecutiveOfficerofeBayandheiscurrentlyontheboardofdirectorsofGeneralMotors.HepreviouslyservedasChiefExecutiveOfficerofThomsonReutersMarketsandwasamemberoftheboardofdirectorsofReutersGroupPLC(Reuters).

Experience

Mr.WenighasbeenPresidentandChiefExecutiveOfficerateBaysinceJuly2015.From2011toJuly2015,Mr.WenigservedasPresidentofeBay’sMarketplacesbusiness.Previously,Mr.Wenigspent18yearsatThomsonReuters,whereheservedasCEOofitslargestdivision,ThomsonReutersMarkets,from2008to2011.Inthatrole,heledtheglobalfinancialservicesandmediabusinesses,whichprovideinformation,analyticsandtechnologyservicestoprofessionalsinthefinancialservices,media,andcorporatemarketsglobally,aswellastoindividualsthroughitsconsumermediaarm.

From2006to2008,Mr.WenigwasChiefOperatingOfficerofReuters,aglobalmediacompany.Inthatrole,heledReuters’consumermediaandInternetstrategyandwasresponsibleforthecompany’sdata,information,andanalyticalproducts,aswellasthesales,informationtechnology,andglobalmarketingfunctions.

Priortothat,Mr.WenigservedontheReutersboardofdirectorsandwaspresidentofReuters’BusinessDivisionsfrom2003to2006,wherehewasresponsibleforleadingtherevitalizationofReutersanditsfourbusinesssegments.

InadditiontotheeBayboard,Mr.WenigalsoservesontheboardofdirectorsofGeneralMotors.HeiscurrentlyamemberoftheBusinessCouncilandistheco-chairoftheWorldEconomicForum’sConsumerIndustriesSteeringCommittee.

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Proposals Requiring Your Vote | Proposal2—AdvisoryVotetoApproveNamedExecutiveOfficerCompensation Proposal 2 — Advisory Vote to Approve Named Executive Officer Compensation

Proposal

2

Say-on-Pay: Advisory Vote to Approve Named Executive Officer Compensation

☑☑ The Board recommends a FOR vote for this proposal

InaccordancewiththerequirementsofSection14AoftheExchangeAct,weareaskingstockholderstoapprove,onanadvisorybasis,thecompensationofournamedexecutiveofficersasdescribedintheCompensationDiscussionandAnalysis,compensationtables,andrelatednarrativediscussionofsuchcompensationincludedinthisProxyStatement.

AsdiscussedintheCompensationDiscussionandAnalysis,theCompensationCommitteeoftheBoardiscommittedtoanexecutivecompensationprogramthatisalignedwithourbusinessgoals,culture,andstockholderinterests.Webelieveacompetitivecompensationprogramthatishighlyperformance-basediskeytodeliveringlong-termstockholderreturns. Ourexecutivecompensationprogramisdesignedto:

• aligncompensationwithourbusinessobjectives,performanceandstockholderinterests;

• motivateexecutiveofficerstoenhanceshort-termresultsandlong-termstockholdervalue;

• positionuscompetitivelyamongthecompaniesagainstwhichwerecruitandcompetefortalent;and

• enableustoattract,rewardandretainexecutiveofficersandotherkeyemployeeswhocontributetoourlong-termsuccess.

Toachievetheseobjectives,ourexecutivecompensationprogramhasthreeprincipalcomponents:long-termequitycompensation,anannualcashincentive,andbasesalary.TheCompensationCommitteeseekstohaveournamedexecutiveofficers’totalcompensationheavilyweightedtovariable,performance-basedcompensationbydeliveringamajorityofcompensationintheformofperformance-basedrestrictedstockunitsandannualcashincentives.Performance-basedrestrictedstockunitsvestbasedonourachievementofspecifiedfinancialperformancegoalsoveratwo-yearperformanceperiod.Underourannualcashincentiveplan,75%ofeachnamedexecutiveofficer’sbonuspayoutfor2018wasbasedonCompanyfinancialperformancewiththeremaining25%basedonindividualperformance;thereisnopayoutforindividualperformanceunlessthresholdsforCompanyperformancearemet,andthereisareducedpayoutforindividualperformanceifCompanyperformanceisbelowtarget.Wealsograntedtime-basedrestrictedstockunits,thevalueofwhichdependsontheperformanceoftheCompany’sstock.

TheCompensationCommitteebelievesthatthegoalsofourexecutivecompensationprogramareappropriateandthattheprogramisproperlystructuredtoachievethosegoals,particularlyinlightofourannualevaluationof,andperiodicrefinementsto,theprogram.Wehaveengagedinongoingdiscussionswithourinvestors,whogenerallysupportthosegoalsandtheprogram,andwebelieveourstockholdersasawholeshouldsupportthemaswell.

WeareaskingourstockholderstoindicatetheirsupportforthecompensationofournamedexecutiveofficersasdescribedinthisProxyStatement.Thisproposal,commonlyknownasa“say-on-pay”proposal,givesourstockholderstheopportunitytoexpresstheirviewsonthecompensationofournamedexecutiveofficers.Thisvoteisnotintendedtoaddressanyspecificitemofcompensation,butrathertheoverallcompensationofournamedexecutiveofficersandthephilosophy,policies,andpracticesdescribedinthisProxyStatement.Accordingly,weaskourstockholderstovote“FOR ”thefollowingresolutionattheAnnualMeeting:

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Proposals Requiring Your Vote | Proposal2—AdvisoryVotetoApproveNamedExecutiveOfficerCompensation “RESOLVED,thattheCompany’sstockholdersapprove,onanadvisorybasis,thecompensationofthenamedexecutiveofficers,asdisclosedintheCompany’sProxyStatementforthe2019AnnualMeetingofStockholderspursuanttothecompensationdisclosurerulesoftheSecuritiesandExchangeCommission,includingtheCompensationDiscussionandAnalysis,the2018SummaryCompensationTable,andtheotherrelatedtablesanddisclosures.”

Whilethesay-on-payvoteisadvisory,andthereforenotbindingontheCompany,theBoardandtheCompensationCommitteevaluetheopinionsofourstockholdersandwilltakeintoaccounttheoutcomeofthisvoteinconsideringfuturecompensationarrangements.Itisexpectedthatthenextsay-on-payvotewilloccuratthe2020AnnualMeeting. 38

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Proposals Requiring Your Vote | Proposal3—RatificationofAppointmentofIndependentAuditors Proposal 3 — Ratification of Appointment of Independent Auditors

Proposal

3

Ratification of Appointment of Independent Auditors☑☑ The Board and the Audit Committee recommend a FOR vote for this proposal

TheAuditCommitteeisresponsiblefortheappointment,compensation,retention,andoversightoftheindependentauditorsretainedtoauditourconsolidatedfinancialstatements.WehaveappointedPricewaterhouseCoopersLLP(“PwC”)asourindependentauditorsforthefiscalyearendingDecember31,2019.PwChasservedasourauditorssince1997.Inordertoassurecontinuingauditorindependence,theAuditCommitteeperiodicallyconsiderswhetherthereshouldbearegularrotationoftheindependentauditfirm.Further,inconjunctionwiththemandatedrotationoftheindependentauditfirm’sleadengagementpartner,theAuditCommitteewillcontinuetobedirectlyinvolvedintheselectionandevaluationofPwC’sleadengagementpartner.TheBoardandtheAuditCommitteebelievethatthecontinuedretentionofPwCtoserveasourindependentauditorsisinthebestinterestsofeBayandourstockholders.WeexpectthatrepresentativesofPwCwillbepresentattheAnnualMeeting,willhaveanopportunitytomakeastatementiftheywish,andwillbeavailabletorespondtoappropriatequestions.

OurbylawsdonotrequirethestockholderstoratifytheappointmentofPwCasourindependentauditors.However,wearesubmittingtheappointmentofPwCtoourstockholdersforratificationasamatterofgoodcorporatepractice.Ifthestockholdersdonotratifytheappointment,theAuditCommitteewillreconsiderwhetherornottoretainPwC.Eveniftheappointmentisratified,theAuditCommittee,initsdiscretion,maychangetheappointmentatanytimeduringtheyearifitdeterminesthatsuchachangewouldbeinthebestinterestsofeBayandourstockholders.

Audit and Other Professional FeesDuringthefiscalyearsendedDecember31,2017andDecember31,2018,feesforservicesprovidedbyPwCwereasfollows(inthousands): Year Ended December 31, 2018 2017AuditFees $ 8,850 $ 9,309Audit-RelatedFees 1,436 3,024TaxFees 1,100 672AllOtherFees(1) 478 497Total $11,864 $13,502

(1) For2017and2018,includesapproximately$0.4million,foreachyear,ofleasepaymentstoPwCRussiaforofficespaceinRussiapursuanttoasublease

arrangementnegotiatedonanarm’s-lengthbasis.

“AuditFees”consistoffeesincurredforservicesrenderedfortheauditofeBay’sannualfinancialstatements,reviewoffinancialstatementsincludedineBay’squarterlyreportsonForm10-Q,otherservicesnormallyprovidedinconnectionwithstatutoryandregulatoryfilings,forattestationservicesrelatedtocompliancewiththeSarbanes-OxleyActof2002,andservicesrenderedinconnectionwithsecuritiesofferings.“Audit-RelatedFees”consistoffeesincurredforduediligenceproceduresinconnectionwithacquisitionsanddivestituresandconsultationregardingfinancialaccountingandreportingmatters.“TaxFees”consistoffeesincurredfortransferpricingconsultingservices,taxplanningandadvisoryservices,andtaxcomplianceservices.“AllOtherFees”consistoffeesincurredforpermittedservicesnotincludedinthecategorydescriptionsprovidedabovewithrespectto“AuditFees,”“Audit-RelatedFees,”and“TaxFees,”andincludefeesforconsultingservices,compliance-relatedservices,andsoftwarelicenses,aswellastheleasepaymentsdescribedabove.

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Proposals Requiring Your Vote | Proposal3—RatificationofAppointmentofIndependentAuditors TheAuditCommitteehasdeterminedthatthenon-auditservicesrenderedbyPwCwerecompatiblewithmaintainingitsindependence.Allsuchnon-auditserviceswerepre-approvedbytheAuditCommitteepursuanttothepre-approvalpolicysetforthbelow.

Audit Committee Pre-Approval PolicyTheAuditCommitteehasadoptedapolicyrequiringthepre-approvalofanynon-auditengagementofPwC.IntheeventthatwewishtoengagePwCtoperformaccounting,technical,diligence,orotherpermittedservicesnotrelatedtotheservicesperformedbyPwCasourindependentregisteredpublicaccountingfirm,ourinternalfinancepersonnelwillprepareasummaryoftheproposedengagement,detailingthenatureoftheengagement,thereasonswhyPwCisthepreferredproviderofsuchservices,andtheestimateddurationandcostoftheengagement.ThisinformationwillbeprovidedtoourAuditCommitteeoradesignatedAuditCommitteemember,whowillevaluatewhethertheproposedengagementwillinterferewiththeindependenceofPwCintheperformanceofitsauditingservicesanddecidewhethertheengagementwillbepermitted.

Onaninterimbasis,anynon-auditengagementmaybepresentedtotheChairoftheAuditCommitteeforapprovalandtothefullAuditCommitteeatitsnextregularlyscheduledmeeting.

Audit Committee ReportWeconstitutetheAuditCommitteeoftheBoard.TheAuditCommittee’sresponsibilityistoprovideassistanceandguidancetotheBoardinfulfillingitsoversightresponsibilitiestoeBay’sstockholderswithrespectto:

• eBay’scorporateaccountingandreportingpractices;

• eBay’scompliancewithlegalandregulatoryrequirements;

• Theindependentauditors’qualificationsandindependence;

• TheperformanceofeBay’sinternalauditfunctionandindependentauditors;

• ThequalityandintegrityofeBay’sfinancialstatementsandreports;

• Reviewingandapprovingallauditengagementfeesandterms,aswellasallnon-auditengagementswiththeindependentauditors;and

• Producingthisreport.

TheAuditCommitteemembersarenotprofessionalaccountantsorauditors,andthesefunctionsarenotintendedtoreplaceorduplicatetheactivitiesofmanagementortheindependentauditors.Managementhasprimaryresponsibilityforpreparingthefinancialstatementsanddesigningandassessingtheeffectivenessofinternalcontroloverfinancialreporting.Managementandtheinternalauditfunctionareresponsibleformaintainingappropriateaccountingandfinancialreportingprinciplesandpoliciesandinternalcontrolsandproceduresthatprovideforcompliancewithaccountingstandardsandapplicablelawsandregulations.

PwC,eBay’sindependentauditors,isresponsibleforplanningandcarryingoutanauditofeBay’sfinancialstatementsinaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates)(“PCAOB”)andeBay’sinternalcontroloverfinancialreporting,expressinganopinionontheconformityofeBay’sauditedfinancialstatementswithgenerallyacceptedaccountingprinciples(“GAAP”)aswellastheeffectivenessofeBay’sinternalcontroloverfinancialreporting,reviewingeBay’squarterlyfinancialstatementspriortothefilingofeachquarterlyreportonForm10-Q,andotherprocedures. 40

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Proposals Requiring Your Vote | Proposal3—RatificationofAppointmentofIndependentAuditors During2018andinearly2019,inconnectionwiththepreparationofeBay’sAnnualReportonForm10-KfortheyearendedDecember31,2018,andinfulfillmentofouroversightresponsibilities,wedidthefollowing,amongotherthings:

• DiscussedwithPwCtheoverallscopeofandplansfortheiraudit;

• Reviewed,uponcompletionoftheaudit,thefinancialstatementstobeincludedintheForm10-Kandmanagement’sreportoninternalcontroloverfinancialreportinganddiscussedtheauditedfinancialstatementsandeBay’sinternalcontroloverfinancialreportingwithseniormanagement;

• ConferredwithPwCandseniormanagementofeBayregardingthescope,adequacy,andeffectivenessofinternalaccountingandfinancialreportingcontrols(includingeBay’sinternalcontroloverfinancialreporting)ineffect;

• InstructedPwCthattheindependentauditorsareultimatelyaccountabletotheBoardandtheAuditCommittee,asrepresentativesofthestockholders;

• DiscussedwithPwC,bothduringandaftercompletionoftheirauditprocesses,theresultsoftheiraudit,includingPwC’sassessmentofthequalityandappropriateness,notjustacceptability,oftheaccountingprinciplesappliedbyeBay,thereasonablenessofsignificantjudgments,thenatureofsignificantrisksandexposures,theadequacyofthedisclosuresinthefinancialstatements,aswellasothermattersrequiredtobecommunicatedundergenerallyacceptedauditingstandards,includingthemattersrequiredbyapplicableaccountingstandards;and

• ObtainedfromPwC,inconnectionwiththeaudit,atimelyreportrelatingtoeBay’sannualauditedfinancialstatementsdescribingallcriticalaccountingpoliciesandpracticesused,allalternativetreatmentsoffinancialinformationwithinGAAPthatwerediscussedwithmanagement,ramificationsoftheuseofsuchalternativedisclosuresandtreatments,thetreatmentpreferredbyPwC,andanymaterialwrittencommunicationsbetweenPwCandmanagement.

OurAuditCommitteeheldtenmeetingsin2018.Throughouttheyear,weconferredwithPwC,eBay’sinternalauditfunction,andseniormanagementinseparateexecutivesessionstodiscussanymattersthattheAuditCommittee,PwC,theinternalauditfunction,orseniormanagementbelievedshouldbediscussedprivatelywiththeAuditCommittee.WehavedirectandprivateaccesstoboththeinternalandexternalauditorsofeBay.

WehavediscussedwithPwCthemattersrequiredtobediscussedbytheapplicablerequirementsofthePCAOBandtheSEC.TheAuditCommitteereceivedwrittendisclosuresandaletterfromPwCrequiredbytheapplicablePCAOBrequirementsforindependentaccountantcommunicationswithauditcommitteesconcerningauditorindependence,anddiscussedtheindependenceofPwCwiththatfirm.WeconcludedthatPwC’sprovisiontoeBayanditsaffiliatesofthenon-auditservicesreflectedunder“Audit-RelatedFees,”“TaxFees,”and“AllOtherFees”aboveiscompatiblewithPwC’sobligationtoremainindependent.

Wehavealsoestablishedproceduresforthereceipt,retention,andtreatmentofcomplaintsreceivedbyeBayregardingaccounting,internalaccountingcontrols,orauditingmattersandfortheconfidentialanonymoussubmissionbyeBayemployeesofconcernsregardingquestionableaccountingorauditingmatters.

AfterreviewingthequalificationsofthecurrentmembersoftheAuditCommittee,andanyrelationshipstheymayhavewitheBaythatmightaffecttheirindependencefromeBay,theBoarddeterminedthateachmemberoftheAuditCommitteemeetstheindependencerequirementsofTheNasdaqStockMarketandofSection10AoftheExchangeAct,thateachmemberisabletoreadandunderstandfundamentalfinancialstatements,andthatMr.Andersonqualifiesasan“auditcommitteefinancialexpert”undertheapplicablerulespromulgatedpursuanttotheExchangeAct.TheAuditCommitteeoperatesunderawrittencharteradoptedbytheBoard.ThecurrentAuditCommitteeCharterisavailableonthecorporategovernancesectionofeBay’sinvestorrelationswebsiteathttps://investors.ebayinc.com/corporate-governance/governance-documents/.AnyfuturechangesintheAuditCommitteeCharterwillalsobereflectedonthewebsite.

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Proposals Requiring Your Vote | Proposal3—RatificationofAppointmentofIndependentAuditors Basedonthereviewsanddiscussionsdescribedabove,werecommendedtotheBoard,andtheBoardapproved,theinclusionoftheauditedfinancialstatementsineBay’sAnnualReportonForm10-KfortheyearendedDecember31,2018,whicheBayfiledwiththeSEConJanuary30,2019.WehavealsoapprovedtheappointmentofPwCasourindependentauditorsforthefiscalyearendingDecember31,2019.

AUDIT COMMITTEE

FredD.Anderson AdrianeM.Brown PerryM.Traquina

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Proposals Requiring Your Vote | Proposal4–ManagementProposaltoAmendSpecialMeetingProvisionsintheCompany’sCertificateofIncorporationandBylaws Proposal 4 – Management Proposal to Amend Special Meeting Provisions in the Company’s Certificate ofIncorporation and Bylaws

Proposal

4

Management Proposal to Amend Special Meeting Provisions in the Company’s Certificate of Incorporationand Bylaws☑ The Board recommends a vote FOR this proposal.

Aftercarefulconsideration,theBoardrecommendsthatstockholdersvote“FOR ”theproposaltoamendcertainprovisionsofourcharterandbylawsthatgrantstockholderswhoownatleast25%oftheCompany’soutstandingsharesofcapitalstockandsatisfyotherrequirementstheabilitytodirecttheCompanytocallaspecialmeetingofstockholders(the“SpecialMeetingThreshold”andtogetherwiththerelatedprovisionsthe“SpecialMeetingProvisions”).Thisamendmentwouldlowerthethresholdforstockownershiptopermitstockholderswhoownatleast20%ofouroutstandingcapitalstockintheaggregatetocallaspecialmeetingofstockholders.

Existing Special Meeting ProvisionsTheSpecialMeetingProvisions,whicharesetforthinArticleVI,SectionEofthecharterandArticleI,Section1.3ofthebylaws,maybesummarizedasfollows:

• Oneormorestockholdersofrecordthattogetherhavecontinuouslyheld(fortheirownaccountoronbehalfofothers)beneficialownershipofatleast25%oftheoutstandingcommonstockoftheCompanyforatleast30daysasofthedatesuchrequestisdeliveredhavetheabilitytorequiretheCompanytocallaspecialmeetingofitsstockholders.

• Stockownershipisdeterminedundera“netlongposition”standardtoprovideassurancethatstockholdersseekingtocallaspecialmeetingpossessboth(i)fullvotingandinvestmentrightspertainingtothesharesand(ii)thefulleconomicinterestin(includingtheopportunityforprofitandriskoflosson)suchshares.

• Thedateofanyspecialmeetingrequestedmustbenotmorethan90daysafterthedateonwhichtherequestisvalidlydeliveredtotheCompany.

Theabovesummaryissubject,inallrespects,totheSpecialMeetingProvisionsofourcharterandbylaws,whichareattachedtothisProxyStatementasAppendixAandAppendixB,respectively.

Amendment of the Special Meeting ProvisionsPursuanttotheproposedamendmenttothecharterandthecorrespondingamendmenttothebylaws,theSpecialMeetingThresholdwouldbereducedfrom25%to20%.Nootherprovisionsofthecharterorbylawswouldbeamendedinconnectionwiththisaction.InbothAppendixAandAppendixB,additionsoftexttoourcharterandbylaws,respectively,areindicatedbyunderlininganddeletionsoftextareindicatedbystrike-outs.

Board Consideration of Appropriate Stockholder Special Meeting RightsAttheCompany’s2018AnnualMeetingofStockholders,weproposedthatstockholdersratifytheSpecialMeetingProvisions,includingamendmentswemadetoexpandthecircumstancesunderwhichstockholdersmayrequireeBaytocallaspecialmeeting.Ofthevotescast,53%wereinfavorofratificationoftheSpecialMeetingProvisions.Wesawtheratificationproposalasamechanismforfacilitatingfurtherstockholderengagement,sowecontinuedtosolicitinputfromourstockholdersthereafter.

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Proposals Requiring Your Vote | Proposal4–ManagementProposaltoAmendSpecialMeetingProvisionsintheCompany’sCertificateofIncorporationandBylaws Overthepastyear,wehadproductivediscussionswithmanyofourstockholdersonthismatter,engagingwithstockholdersrepresentingover33%ofoutstandingshares.Asaresultofthefeedbackwereceived,theBoarddeterminedthateBay’sstockholdersgenerallypreferredaslightlylowerSpecialMeetingThresholdandsoapprovedaproposedamendmenttothechartertoreducetheSpecialMeetingThresholdto20%ofeBay’soutstandingstock,subjecttostockholderapproval.Inaddition,theBoardhasapprovedacorrespondingamendmenttoourbylaws,whichwillbecomeeffectiveifandwhentheamendmenttothecharterbecomeseffective.

TheBoardisstronglycommittedtogoodcorporategovernanceandcontinuestosupportthepracticeofpermittingstockholderstorequestspecialmeetings,providedthatthemeetingiscalledbystockholdersowningasignificantpercentageofthesharesofeBay.TheBoarddeterminedthatitisconsistentwithbestcorporategovernancepracticesandinthebestinterestsofeBayanditsstockholderstoamendthecharterandthebylawstopermitstockholderswhohold20%ormoreofeBay’soutstandingcapitalstocktocallspecialmeetings,subjecttotheproceduresandotherrequirementsasprovidedinthebylaws.

Nevertheless,theBoardcontinuestobelievethatspecialmeetingsshouldonlybecalledtoconsiderextraordinaryeventsthatareofinteresttoabroadbaseofstockholdersthatcannotbedelayeduntilthenextannualmeeting.TheBoardalsobelievesthata20%ownershipthresholdtorequestaspecialmeetingstrikesareasonablebalancebetweenenhancingstockholderrightsandprotectingagainsttheriskthatasmallminorityofstockholders,includingstockholderswithspecialinterests,couldcalloneormorespecialmeetingsthatcouldresultinunnecessaryfinancialexpenseanddisruptiontoourbusiness.Preparingforastockholdermeetingrequiressignificantattentionofourdirectors,officersandemployees,divertingtheirattentionawayfromperformingtheirprimaryfunctionofoperatingeBay’sbusinessinthebestinterestsofourstockholders.Likewise,theBoardbelievesthatonlystockholderswithatrueeconomicandnon-transitoryinterestineBayshouldbeentitledtoutilizethespecialmeetingmechanism.

Required VoteTheproposedamendmenttoourcharterrequirestheaffirmativevoteofamajorityoftheoutstandingsharesofcommonstockentitledtovoteonthesubjectmatter.Ifthisproposaltoamendourcharterisapprovedbyourstockholders,theresultingcharterwillbefiledwiththeSecretaryofStateoftheStateofDelawareshortlyaftertheAnnualMeeting.TheBoardhasapprovedtheproposedcorrespondingamendmenttothebylaws,whichwillbecomeeffectiveifandwhentheamendmenttothecharterbecomeseffective.Ifthisproposaltoamendourcharterisnotadoptedandapproved,thecurrentrightofholdersofrecordofatleast25%oftheCompany’soutstandingcapitalstocktocallaspecialmeetingwillremainunchanged.

TheBoardofDirectorsRecommendsaVoteFOR Proposal4.

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Proposals Requiring Your Vote | Proposal5–StockholderProposalRequestingthattheBoardRequireanIndependentChair Proposal 5 – Stockholder Proposal Requesting that the Board Require an Independent Chair

Proposal

5

Stockholder Proposal Requesting that the Board Require an Independent Chair☒ The Board recommends a vote AGAINST this proposal based on the reasons set forth in eBay’s

Statement of Opposition following the stockholder proposal

JohnCheveddenhasadvisedtheCompanythatheintendstopresentthefollowingstockholderproposalatthe2019AnnualMeeting.Mr.CheveddenhasindicatedthatheholdstherequisitenumberofsharesofeBaycommonstockinaccordancewithRule14a-8requirements.eBaywillprovidetheaddressoftheproponentpromptlyuponastockholder’soralorwrittenrequest.

ThetextofthestockholderproposalandsupportingstatementappearexactlyasreceivedbyeBayunlessotherwisenoted.Allstatementscontainedinthestockholderproposalandsupportingstatementarethesoleresponsibilityoftheproponent.ThestockholderproposalmaycontainassertionsabouttheCompanyorothermattersthatwebelieveareincorrect,butwehavenotattemptedtorefuteallofthoseassertions.

Thestockholderproposalwillbevotedonatthe2019AnnualMeetingonlyifproperlypresentedbyoronbehalfoftheproponent.

Stockholder Proposal

“Proposal 5 – Independent Board Chairman

ShareholdersrequestourBoardofDirectorstoadoptasapolicy,andamendourgoverningdocumentsasnecessary,torequirehenceforththattheChairoftheBoardofDirectors,wheneverpossible,tobeanindependentmemberoftheBoard.TheBoardwouldhavethediscretiontophaseinthispolicyforthenextChiefExecutiveOfficertransition,implementedsoitdoesnotviolateanyexistingagreement.

IftheBoarddeterminesthataChairman,whowasindependentwhenselectedisnolongerindependent,theBoardshallselectanewChairmanwhosatisfiestherequirementsofthepolicywithinareasonableamountoftime.CompliancewiththispolicyiswaivedifnoindependentdirectorisavailableandwillingtoserveasChairman.Thisproposalrequeststhatallthenecessarystepsbetakentoaccomplishtheabove.

Thisproposaltopicwon50%-plussupportat5majorU.S.companiesin2013including73%-supportatNetflix.These5majorityvoteswouldhavebeenstillhigherifallshareholdershadaccesstoindependentproxyvotingadvice.

Shareholderproposalssuchasthishavetakenaleadershiproletoimprovethecorporategovernancerulesofourcompany.ForinstanceafterEBAYreceivedshareholderproposalsEBAYthenadoptedbetterpracticessuchaseliminationofaburdenonshareholderstoobtainfarmorethanamajorityvotetoapprovecertainimportantimprovementsandadoptedalimitedrightforshareholderstocallforaspecialshareholdermeeting.

OntheotherhandEBAY,seeminglyundertheleadershipofMs.KathleenMiticwhochairsthegovernancecommitteeandmaybeyieldingtopressurefrommanagement,isgoingintheoppositedirection.EBAYhiredalawfirmwith2,000attorneystopreventusfrommerelycastinganon-bindingvotetoexpandourlimitedrighttocallforaspecialshareholdermeeting(2018).Ms.Miticreceived20-timesasmanynegativevotesasanumberofherpeersontheEBAYBoardin2018.

HavinganindependentChairmanoftheBoardinthefuturecannotguaranteethatEBAYwillnotrepeatsuchapredatoryattitudetowardnon-bindingproposals(perhapsinresponsetopressurefrommanagement)butitwillprobablyreducethelikelihoodthatEBAYwillmaintainsuchapredatoryattitude.

Pleasevoteyes:IndependentBoardChairman–Proposal5”

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Proposals Requiring Your Vote | Proposal5–StockholderProposalRequestingthattheBoardRequireanIndependentChair eBay’s Statement of OppositionTheBoardhascarefullyconsideredthisproposalanddoesnotbelievethatitisinthebestinterestsofeBayanditsstockholders.TheBoardthereforerecommendsavoteAGAINST thisproposal.

eBay Currently Has an Independent Chairman of the Board, and Our Current Corporate Governance Guidelines Provide for Strong,Independent LeadershipMr.ThomasJ.Tierney,byappointmentoftheBoard,hasservedastheindependentChairmanoftheBoardsinceJuly2015.DuringhistenureasChairman,Mr.Tierneyhasdemonstratedstrongleadership,independentthinkingandadeepunderstandingofthebusiness,whichhasbeenenhancedbyhistenureasadirectorofeBaysince2003.SincebeingappointedastheindependentChair,Mr.TierneyhasworkedwiththerestoftheBoardtooverseesignificantstrategicandleadershipchangesattheCompany,includingtheCompany’srefocusedcorporateandcapitalallocationstrategyandtherigoroussearchforandappointmentofsevennewindependentmembersoftheBoard.

OurCorporateGovernanceGuidelinesalsoprovideforstrong,independentleadershipofourBoard,requiringthatourChairmanbeseparatefromourCEOand,ifourChairmanoftheBoardwerenotindependent,ourindependentdirectorswoulddesignateaLeadIndependentDirector.TheLeadIndependentDirectorhasclearlydelineatedresponsibilities,andwouldbeinvolvedinallsignificantcorporatedecisions.

OurBoardalsoconsistsofstrongleadershipthatremainsaccountabletoeBay’sstockholders.Eachofourdirectorsissubjecttore-electionbystockholdersannually,andeachissubjecttoamajorityvotingpolicy.OurCorporateGovernanceGuidelinesmandateaBoardcomposedofdirectorswithhigh-levelmanagerialexperienceandoftheutmostcharacterandintegrityandprovidethatourCorporateGovernanceandNominatingCommitteeshouldconsiderdiversity,includinggenderandrace,whenevaluatingpotentialdirectors.Directorsareexpectedtobehighlyengagedandrepresentthebalanced,bestinterestsofthestockholdersasawhole.Stockownershiprequirementsofourexecutiveofficersanddirectorshelpaligntheinterestsofourleadershipwiththoseofourstockholders,aswell.

WealsohighlyvaluetheindependenceofourBoard,whoprovidestrong,independentoversightoverourbusinessandtheexecutionofourcorporatestrategy.FourteenofeBay’s15directorsareindependent,andourBoardhasbeenconsistentlyrefreshed,withfivenewdirectorsaddedtotheBoardwithinthelastthreeyears.OurCorporateGovernanceGuidelinesalsomandatethateachofeBay’sAuditCommittee,CompensationCommitteeandCorporateGovernanceandNominatingCommitteemustconsistsolelyofindependentdirectors.

eBay’scurrentCorporateGovernanceGuidelinesandprocessesensurethattheBoard,includingtheChairmanoftheBoard,willservethebestinterestsofandwillbeheldaccountablebyourstockholders.TheBoardrecognizestheimportanceofitsleadershipstructuretoourstockholdersandregularlyseeksfeedbackonthetopicthroughstockholderengagement,whichitthenusesinitsreexaminationofitspoliciesonanongoingbasistomakesurethattheysufficientlycontinuetobeinthebestinterestsofourstockholders.

The Roles of the Chairman of the Board and CEO are Required to be Separate Under Our Corporate Governance GuidelinesOurCorporateGovernanceGuidelinesalsoalreadymandatethatthepositionsoftheChairmanoftheBoardandCEOshouldbeheldbyseparateindividuals.TheBoardhasmandatedthisseparationbecausewebelieveitaidsintheBoard’soversightofmanagementandallowsourCEOtofocusprimarilyonhismanagementresponsibilities.ThisseparationwasthoughtfullydesignedbytheBoardtobolsterstrong,independentleadershipoftheBoardbutalsotoallowtheBoardtoretainadegreeofflexibilitywhenchoosingaChairmanoftheBoard. 46

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Proposals Requiring Your Vote | Proposal5–StockholderProposalRequestingthattheBoardRequireanIndependentChair A Flexible Leadership Structure is the Most Effective for eBay and Our StockholdersTheBoard’scurrentCorporateGovernanceGuidelinesensurestrongindependentleadershipwhilestillgivingtheBoardflexibilitythattheadoptionofamandatethattheChairmanoftheBoardbeanindependentdirectorwouldnot.SucharequirementwouldlimittheBoard’sabilitytoselectthestyleofleadershipbestsuitedtomeettheneedsofeBayanditsstockholdersbasedontherelevantfacts,circumstances,andcriteriaastheyexistatthetime,includingasituationwherehavingaChairmanoftheBoardwhoisnotindependent(butisstillsupportedbyaLeadIndependentDirector)wouldbeinthebestinterestsofeBayanditsstockholders.TheBoardmusthaveacertaindegreeofdiscretion,andwebelievethecurrentapproachprovidesthenecessaryflexibilityindeterminingeBay’sBoardgovernancestructure.

EnsuringflexibilitybynotmandatingtheChairmanoftheBoardbeindependentisconsistentwiththepracticesofmanyFortune100andS&P500companies.AsreportedintheSpencerStuart2018BoardIndex,only30%ofallS&P500companieshaveanindependentChairmanoftheBoard.Inaddition,wedonotbelievethestockholderproposaladvocatingforanindependentChairmanoftheBoardpolicyisbasedonexperienceorevidence.WhilestudieshavesuggestedthattheseparationoftheChairmanoftheBoardandCEOrolesaswehavedoneisbeneficial,noempiricalstudysupportstheargumentthatapolicyrequiringtheChairmanoftheBoardtobeindependentinherentlyleadstobetterperformance,totheCompany’sknowledge.TheBoardshouldhavetheflexibilitytopermittheChairmanoftheBoardtobeanon-independentdirectorwhendeemedtobeinthebestinterestsofeBayanditsstockholders.Theproposal’soffertophaseinthemandatoryindependentChairpolicyforthenextCEOtransitionfailstoaddresstheimportanceofmaintainingthatflexibility.

eBay Has Strong Stockholder Rights and Stockholder Engagement PracticesInadditiontoourCorporateGovernanceGuidelines,wealsohavestrongcorporategovernancepoliciesandpracticesoverall,includingthestockholderrightsavailableunderourbylawsandcharterandourdemonstratedcommitmenttostockholderengagementandresponsivenesstostockholderconcerns.ThefollowingisalistofsomecorporategovernanceprovisionsthatdemonstrateeBay’scommitmenttotransparencyandaccountability,includingcertainCorporateGovernanceGuidelinesmentionedabove:

• OurBoardisdeclassifiedwithalldirectorsstandingforelectionannually.

• Wehaveamajorityvotestandardforuncontesteddirectorelections.

• OurChairmanandCEOrolesareseparatedandourBoardhasbeenledbyanindependentChairmansince2015.

• WhenourChairmanisnotindependent,werequireaLeadIndependentDirectorwithrobustresponsibilities.

• Stockholderapprovalisrequiredformanykeycorporateactionsbeforeactionmaybetaken.

• Ourcharterandbylawprovisionsdonothavesupermajorityvoting,sostockholderscanapprovebindingcharterandbylawamendmentswithamajorityvote.

• Wedonothaveastockholderrightsplan(alsoknownasa“poisonpill”).

• OurbylawsprovidestockholderswiththeabilitytonominatecandidatestotheBoardboththroughtraditionalprocessesandourproxyaccessprocedures.

Weregularlyengagewithourstockholdersandseekfeedbackaboutourcorporategovernancepoliciesandpractices.OurBoardcarefullyconsidersthestockholderinputitreceivesandmakeschangestoourcorporategovernancepoliciesandpracticesasappropriate.Forexample,inresponsetofeedbackwereceivedlastyearfromstockholdersregardingtheirspecialmeetingrights,weamendedourbylawstoexpandthecircumstancesunderwhichstockholdersmayrequireeBaytocallaspecialmeetingandareproposingtolowertheownershipthresholdrequirementforwhenstockholderscancallspecialmeetings.StockholderscanalsocommunicatedirectlywiththeBoardand/orindividualdirectorsatthefollowingaddress:c/oCorporateSecretary,eBayInc.,2025HamiltonAvenue,SanJose,California95125.

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Proposals Requiring Your Vote | Proposal5–StockholderProposalRequestingthattheBoardRequireanIndependentChair Insummary,theBoardbelievestheadoptionofthisproposalisunnecessarybecauseofeBay’scommitmenttostrongindependentleadership,separationoftheChairmanoftheBoardandCEOpositions,needofflexibilityindeterminingeBay’sBoardgovernancestructure,andmeaningfulcorporategovernanceandstockholderengagementpolicies.Avote“FOR”theproposalwouldupsetthecarefulbalanceeBayhasstruckbetweenensuringtheleadershipremainsaccountabletoeBay’sstockholderswhilebeingbestsuitedtomeettheirneeds.TheBoardhascarefullyconsideredthisproposalanddoesnotbelievethatitisinthebestinterestsofeBayanditsstockholdersforthesereasons.

TheBoardofDirectorsRecommendsaVoteAGAINST Proposal5.

Unlessyouspecifyotherwise,theBoardintendstheaccompanyingproxytobevotedagainstthisitem. 48

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Our Executive Officers

Our Executive OfficersExecutiveofficersareappointedannuallybytheBoardandserveatthediscretionoftheBoard.SetforthbelowisinformationregardingourexecutiveofficersasofApril1,2019. Name Age Position BiographyDevin N. Wenig

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PresidentandChiefExecutiveOfficer

Mr.Wenig’sbiographyissetforthundertheheading“Proposal1–ElectionofDirectors,”above.

Scott F. Schenkel

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SeniorVicePresident,FinanceandChiefFinancialOfficer

Mr.SchenkelserveseBayasSeniorVicePresident,FinanceandChiefFinancialOfficer.HehasservedinthatcapacitysinceJuly2015.HehasbeenwitheBaysinceMarch2007andhasheldanumberofexecutiveroles,mostrecentlyasSeniorVicePresident,FinanceandChiefFinancialOfficerforeBayMarketplacesfromMarch2010untilJuly2015andasVicePresident,FinanceandChiefFinancialOfficerforeBayMarketplacesfromSeptember2008toMarch2010.PriortojoiningeBay,Mr.Schenkelspentover16yearsinfinancewithGeneralElectric,inavarietyofrolesaroundtheworld.Mr.SchenkelcurrentlyservesontheboardofNetApp.

Stephen Fisher

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SeniorVicePresident,ChiefTechnologyOfficer

Mr.FisherserveseBayasSeniorVicePresident,ChiefTechnologyOfficer.HewasoriginallynamedChiefTechnologyOfficerinJuly2015.BeginningJune2018,Mr.FishertransitionedtotheroleofSeniorVicePresident,PaymentsofeBayInc.,inordertofocusonapersonalmatter.HeresumedhisroleasSeniorVicePresident,ChiefTechnologyOfficereffectiveNovember2018.Mr.FisherjoinedeBayinSeptember2014asSeniorVicePresident,ChiefTechnologyOfficer,eBayMarketplaces.PriortojoiningeBay,Mr.Fisherspent10yearsatSalesforce.com,anenterprisecloudcomputingcompany,mostrecentlyasitsExecutiveVicePresident,Technology.Mr.FishercurrentlyservesontheboardofdirectorofVonageHoldingsCorp.

Marie Oh Huber

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SeniorVicePresident,LegalAffairs,GeneralCounselandSecretary

Ms.HuberserveseBayasSeniorVicePresident,LegalAffairs,GeneralCounselandSecretary.SheassumedhercurrentroleinJuly2015.PriortojoiningeBay,Ms.Huberspent15yearsatAgilentTechnologies,atechnologyandlifesciencescompany,mostrecentlyasSeniorVicePresident,GeneralCounselandSecretary.

Wendy Jones

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SeniorVicePresident,GlobalCustomerExperience&Operations

Ms.JonesserveseBayasSeniorVicePresident,GlobalCustomerExperience&Operations.ShejoinedeBayin2003asVicePresident,CustomerServiceforNorthAmericaandAustralia.ShehasheldvariousotherleadershiprolesateBayovertheyears.PriortojoiningeBay,Ms.JonesworkedatStateStreetBank,LandRoverNA,andforiSKY,Inc.,invariousleadershiproles.

Jae Hyun Lee

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SeniorVicePresident,GeneralManager,eBayMarkets

Mr.LeeserveseBayasSeniorVicePresident,GeneralManager,eBayMarkets.HehasservedinthatcapacitysinceFebruary2019.Priortothisposition,heservedasSeniorVicePresident,EMEA,sinceAugust2017.SeniorVicePresident,AsiaPacific,leadingtheregionfor12years.PriortojoiningeBay,Mr.LeespentalmosteightyearsatBostonConsultingGroupwithvariousrolesallovertheworld.

Kristin Yetto

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SeniorVicePresident,ChiefPeopleOfficer

Ms.YettoserveseBayasSeniorVicePresident,ChiefPeopleOfficer.ShehasservedinthatcapacitysinceJuly2015.ShehasbeenwitheBaysinceMarch2003andhasheldanumberofexecutiveroles,mostrecentlyasSeniorVicePresidentofHumanResourcesforeBayMarketplacesfromMarch2010untilJuly2015.PriortojoiningeBay,Ms.YettoservedasanHRBusinessPartneratPalm.BeforePalm,Ms.YettowasaDirectorofGlobalServicesforSeagateTechnology.

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Message from the Compensation Committee

Message from the Compensation Committee

DeareBayStockholder,

In2018,theCompanycontinuedtomakefoundationalinvestmentsinthelong-termcompetitivenessofourplatformandlaunchednewinitiativestosetthestageforfuturegrowthandprofitability.Asaresult,weloweredrevenueandgrossmerchandisevolumeexpectations.Bydesign,ourexecutivecompensationprogramlinkscomponentsofourexecutives’paytothecompany’sperformance–weholdleadershipaccountableforcompanyperformanceandwetaketheperformanceofthecurrentyearintoconsiderationwhendeterminingtheawardsforthenextfiscalyear.Accordingly,2018bonuseswerebelowtargetastheCompany’sperformancefellshortofthetargetonthenon-GAAPnetincomemetric.Similarly,the2017-2018PBRSUcyclepaidoutatbelowtarget.WearesatisfiedthatthecompensationprogramcontinuestoperformappropriatelytoalignwiththeCompany’sresults.

Althoughourexecutivecompensationprogramisworkingwellasawhole,atleastannuallyweevaluateitsdesignandmakechangesasnecessarytoensurethateffectiveincentivesareinplacetodrivefuturegrowthandprofitabilityforourevolvingbusiness.Aspartofourevaluationprocess,wetakeintoconsiderationanyfeedbackreceivedduringourusualprocessofstockholderengagement.Weroutinelydiscussourstrategyforexecutivecompensation,addresscurrenttrendsandissuesrelatedtocompensationandreceivefeedbackfromasetofcrucialstakeholders.Anindependentdirectorhasparticipatedindiscussionswhenrequestedbysignificantinstitutionalstockholders.Additionally,aswehaveconsistentlydoneforthepastfewyears,duringthespringandfallof2018,theCompanyheldaseriesofconversationswithinvestorsduringwhichwediscussedourexecutivecompensationprogramandtheirfeedbackonthatprogram,amongothermatters.

Duringourconversationswithinvestors,wediscussedourdecisiontoaddaPaymentscomponenttothemodifierelementofthePBRSUProgramdesign,beginningwiththe2018-2019PBRSUcycle.TheadditionofthismodifierfurtheralignstheawardpayoutwithperformanceintheareasofprimaryimportancetotheCompany,suchassuccessofthePaymentsinitiative,bysubjectingpayoutsundertheawardtoadjustmentbasedonwhetherthereisdemonstrablegrowthintheuseofourpaymentintermediationservice.ThisPaymentsmodifierisanexampleofincentivizingtheseniorleadershipteamtoworkcross-functionallyonacriticalgrowthinitiativeandprofitdriverthatimpactsmultipleareasofthebusiness.

WearepleasedwiththeprogressinournewPaymentsandadvertisinginitiativesandareconfidentthattheseprioritieswillspurgrowthandprofitability.Atthesametime,wecontinuetofocusondrivingimprovementsandinnovationinourcoremarketplace.Weexpecttodrivemarginexpansion,increaseoperatingincome,anddeliverstrongearningswhileaggressivelyreturningcapitaltostockholders.

Innovatingforthebenefitofstockholders,customers,andemployeesrequiresfindingandkeepingtherightpeople.Wearetacklingsomeoftoday’smostcomplextechnicalandbusinesschallenges,requiringustocompetewithourpeercompaniesforhighlysought-aftertalentinanextremelycompetitivemarket.Wewillcontinuetoprioritizeaworkenvironmentthatstandsout,deliveringonourpromisetobepurpose-driven,diverse,andinclusive.WelookforwardtotheresultsofourannualGlobalImpactandDiversityandInclusionreports,whichareimportantbarometersofthequalityofourCompany’sculture.

AstheCompensationCommitteeofyourBoardofDirectors,wethankyouforbeingavaluedstockholder.Wewelcomeyourinputonour2018compensationprograms,whicharedescribedinthefollowingpages.

PaulS.Pressler

AnthonyJ.Bates

BonnieS.Hammer

KathleenC.Mitic

ThomasJ.Tierney

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Compensation Discussion and Analysis | ExecutiveSummary

Compensation Discussion and Analysis

Executive Summary2018wasatransitionalyearforus.Weintroducedtwonewinitiatives,focusedonadvertisingandournewpaymentintermediationsystem,aspartofourstrategytoensurethelong-termcompetitivenessofourplatform.Webelievetheseinitiativeswillbefundamentaltoourfuturesuccess,andreflectourcommitmenttoevolvingasabusinesstomeetourcustomers’evolvingneeds.Inconnectionwiththesechangesandmindfulthatanybenefitofthenewinitiativeswillnotimmediatelyberealized,weloweredrevenueandgrossmerchandisevolume(“GMV”)expectationsfor2018.

CompensationDecisionsfor2018.Withinourexecutivecompensationprogram,westrivetoaligntheinterestsofourstockholdersandourexecutives.Wealsobelieveincreatingincentivesthatreflectourperformance,bothinperiodsofsuccessandduringyearswhereourfinancialperformancefallsshortofourtargets.Inourview,ourcompensationpractices,includingincentivecompensation,playanimportantroleinreinforcingourperformance-drivenculture.Insupportofthisphilosophy,ourNEOsreceived2018bonuspayoutsbelowtargetbecausetheCompany’sactualperformancefellshortofthetargetonthenon-GAAPnetincomemetric,andthe2017-2018PBRSUcyclealsopaidoutatbelowtarget.

UpdatestoourCompensationProgram.Weviewtheoutcomesofourprogramfor2018asindicativethatourcompensationprogramworksconsistentlywithitsstatedgoals.Accordingly,ourCompensationCommitteeandCEOremaincommittedtotheprogramgenerally;however,atleastannuallyweevaluateitsdesigntodetermineanyrefinementsthatmightfurtherthosegoals.Asaresultofourmostrecentevaluation,wedeterminedtomakeachangetoourPBRSUprogram.Beginningwiththe2018-2019PBRSUcycle,wehaveaddedaPaymentscomponenttothemodifiersthatdeterminepayoutofthePBRSUs.ThisPaymentsmodifier,whichisdesignedtorewardgrowthonthepaymentintermediationsystemweintroducedinconnectionwiththePaymentinitiative,reflectsthegoalofourcompensationprogramtomotivateourseniorleadershipinareaswebelievearecriticaltoachievingourthen-applicablebusinessobjectives.

Pay-For-Performance.Webelievethatourpay-for-performance-drivenexecutivecompensationprogramensuresthatourexecutives’compensationistiedtodeliveringresultsthatsupporttheCompany’sbusinessstrategyandobjectives,andfostersinnovationforthebenefitofstockholders,customers,andemployees.

Our Compensation ProgramThegoalsofourexecutivecompensationprogramareto:

• align compensationwithourbusinessobjectives,performanceandstockholderinterests,

• motivate executiveofficerstoenhanceshort-termresultsandlong-termstockholdervalue,

• position uscompetitivelyamongthecompaniesagainstwhichwerecruitandcompetefortalent,and

• enable ustoattract,rewardandretainexecutiveofficersandotherkeyemployeeswhocontributetoourlong-termsuccess.

How We Pay Our Executive OfficersWeachievetheseobjectivesprimarilybyemployingthefollowingelementsofpayforourexecutiveofficers:

• long-termequitycompensation,

• anannualcashincentive,and

• basesalary.

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Ourexecutiveofficersalsoparticipateinourbroad-basedretirementsavingsandbenefitprogramsandreceivelimitedperquisitesthatarenotavailabletoallemployees.

In2018,wecontinuedtocompensateourexecutiveofficersusingamixofequityandcashcompensationvehicles.OurincentivecompensationistiedtofinancialtargetsthattheCompensationCommitteebelievescorrelatewithoperatingperformanceoverone-andmulti-yearperformanceperiodsandlong-termstockperformance.

InrecognitionoftheimportanceofourstrategicdecisiontoimprovecustomerexperiencebyintermediatingpaymentsonourMarketplaceplatform,wehaveadjustedthePBRSUProgramforthe2018-2019PBRSUcycletotieourseniorexecutives’compensationtothedegreeofachievementofPaymentsintermediationthroughtheuseofaPaymentsachievementmodifiercomponenttothedesign.

CEO Compensation MixThefollowinggraphicshowsthebreakdownof2018compensationforourCEO,DevinWenig,andillustratesthepredominanceofequityincentivesandperformance-basedcomponentsinourexecutivecompensationprogram.

DEVIN WENIG

Asdiscussedabove,ourexecutivecompensationprogramishighlyperformance-based,withpayoutsundertheprogramdependentonmeetingfinancialandoperationaltargetsoverdesignatedperformanceperiods.For2018,weselectedfinancialmetricsandtargetsthattheCompensationCommitteebelievesincentivizeourmanagementteamtoachieveourstrategicobjectivesanddrivetheCompany’sfinancialperformanceandlong-termstockperformance,includingFX-neutralrevenue,non-GAAPoperatingmargindollars,returnoninvestedcapital,paymentintermediationusageandnon-GAAPnetincome.Thespecificresultsfor2018aredescribedunder2018BusinessResultsonpage65.

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Our Compensation PracticesWebelieveourcompensationpracticesalignwithandsupportthegoalsofourexecutivecompensationprogramanddemonstrateourcommitmenttosoundcompensationandgovernancepractices.

What We Do What We Don’t Do

✓ Align executive compensation with the interests of ourstockholders

• Pay-for-performanceemphasized

• Majorityoftotalcompensationcomprisesperformance-basedcompensation:PBRSUsandannualcashincentives

• Equity/cashcompensationratiosignificantlyfavorsequity

• Meaningfulstockownershiprequirements

✓ Avoid excessive risk-taking

• Robustclawbackpolicy

• Multipleperformancemeasures,capsonincentivepayments,andoverlappingtwo-yearperformanceperiodsforPBRSUawards

✓ Adhere to compensation best practices

• Compensationbenchmarkedatoraroundthe50thpercentileofpeergroup

• Independentcompensationconsultantengaged

• Onlylimitedperquisitesforexecutiveofficersthatarenotavailabletoallemployees

× Tax gross-ups for change in control benefits× Automatic “single-trigger” acceleration of equity

awards upon a change in control× Repricing or buyout of underwater stock options

without stockholder approval× Hedging and pledging transactions

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Compensation Discussion and Analysis | Introduction IntroductionThis Compensation Discussion and Analysis is presented as follows:

➊ ElementsofOurExecutiveCompensationProgramprovidesadescriptionofourexecutivecompensationpractices,programs,andprocesses.

➋ CompensationDecisionsfor2018explainsexecutivecompensationdecisionsmadefor2018.

➌ 2018BusinessResultshighlightsresultsthataffectedexecutivecompensation.

➍ SeveranceandChangeinControlArrangementswithExecutiveOfficersandClawbacksdiscussestheCompany’sseveranceandchangeincontrolplansandotherarrangementswithexecutiveofficers.

➎ FurtherConsiderationsforSettingExecutiveCompensationdiscussestheroleoftheCompany’scompensationconsultant,peergroupconsiderations,andtheimpactofaccountingandtaxrequirementsoncompensation.

This Compensation Discussion and Analysis describes the compensation of our “named executive officers” (“NEOs”) for 2018:

• DevinWenig,PresidentandChiefExecutiveOfficer(“CEO”)

• ScottSchenkel,SeniorVicePresident,FinanceandChiefFinancialOfficer(“CFO”)

• StephenFisher,SeniorVicePresident,ChiefTechnologyOfficer(1)

• WendyJones,SeniorVicePresident,GlobalCustomerExperience&Operations

• JaeHyun“Jay”Lee,SeniorVicePresident,GeneralManager,eBayMarkets(2)

• RaymondJ.Pittman,FormerSeniorVicePresident,ChiefProductOfficer(3) (1) Mr.FisherservedinthecapacityofSeniorVicePresident,ChiefTechnologyOfficerforthemajorityof2018.Hebegantheyearinthatrolebut,effectiveJune18,

2018,transitionedtotheroleofSeniorVicePresident,Paymentsinordertofocusonapersonalmatter.EffectiveNovember5,2018,Mr.FisherresumedhisroleasSeniorVicePresident,ChiefTechnologyOfficer.

(2) During2018,Mr.LeeservedasSeniorVicePresident,EMEA.Mr.LeebeganservinginhiscurrentpositioneffectiveFebruary18,2019. (3) Mr.Pittman’semploymentwiththeCompanywasterminatedonJuly2,2018.

➊ Elements of Our Executive Compensation ProgramWeregularlyreviewtheCompany’scompensationphilosophyandexecutivecompensationprogramtoassesswhethertheycontinuetobeproperlyalignedwithourbusinessgoals,cultureand,importantly,stockholderinterests.Wealsoengagewithourstockholdersatleasttwiceayeartosolicitfeedbackonourcompensationphilosophyandexecutivecompensationprogram.In2018,weengagedwithholdersofapproximately33%ofoutstandingsharesonavarietyoftopics,includingcompensation.AfterconductingthisreviewandconsideringthefeedbackreceivedduringtheCompany’sregularengagementwithstockholdersbymembersoftheBoardandmanagementoftheCompany,wedeterminedthattheCompany’sexecutivecompensationphilosophy,compensationobjectives,andoverallprogramcontinuetobeappropriate.TheCompensationCommitteedeterminedfor2018thattheelementsofourexecutivecompensationprogramshouldremaininplace.

Say-On-PaySupport.In2018,ourstockholdersonceagainoverwhelminglyapprovedourexecutivecompensationprogramthroughthe“say-on-pay”vote,withapproximately93%ofthevotescastinfavor.Thisisconsistentwiththehighstockholdersupportourexecutivecompensationprogramreceivedinboth2017and2016,eachtimewithapproximately93%ofthevotescaseinfavor.

Toachieveourexecutivecompensationgoals,wehavethreeprincipalcomponentsofourexecutivecompensationprogram:equitycompensation,anannualcashincentive,andbasesalary.Weseektoensurethattotalcompensationforourexecutiveofficersisheavilyweightedtovariable,performance-basedcompensationbydeliveringamajorityofcompensationintheformofPBRSUsandannualcashincentives. 54

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram TheCompensationDashboardbelowprovidesasnapshotofthekeyelementsofour2018executivecompensationprogramanddescribeswhyeachelementisprovided.Additionalinformationaboutthesekeyelementsisincludedinthesectionsfollowingthedashboard.

COMPENSATION DASHBOARD

BaseSalaryAnnualCashIncentiveAwardsOtherEquityIncentiveAwardsPBRSUsRepresenttherighttoreceivesharesofCompanycommonstockifperformancerequirementsaremet,subjecttoadditionaltime-basedvestingTime-basedRSUsRepresenttherighttoreceivesharesofCompanycommonstock,subjecttotime-basedvestingPBRSUs60%Time-basedRSUs40%

Short-TermIncentives Long-TermIncentives

Cash Equity

BaseSalary AnnualCashIncentiveAwards

• Alignsexecutiveincentiveswiththelong-terminterestsofourstockholders

• Positionsawardguidelinesattargetlevelwiththemedianofthemarketlevelspaidtopeergroupexecutives

• Recognizesindividualexecutive’srecentperformanceandpotentialfuturecontributions

• Retainsexecutivesforthelongterm

• Providesatotalcompensationopportunitywithpayoutsvaryingbasedonouroperatingandstockpriceperformance

• Rewardsexecutives’currentcontributionstotheCompany

• Reflectsthescopeofexecutives’rolesandresponsibilities

• Compensatesforexpectedday-to-dayperformance

• AlignsexecutivecompensationwithannualCompanyandindividualperformance

• Motivatesexecutivestoenhanceannualresults

Wechoseamixofequityandcashcompensationvehiclestocompensateexecutiveofficersbasedonsustainablelong-termvaluedriversofCompanyperformanceoverone-andmulti-yearperiodsandindividualcontributionstotheCompany.

Ourexecutiveofficerswerealsoeligibletoreceiveacomprehensivesetofbenefits:

• Healthandwelfarebenefitsplans;

• Employeestockpurchaseplan;

• Limiteduseofthecorporateairplane(CEOandCFOonly;withreimbursementrequiredbytheCFOandvoluntarilyprovidedbytheCEO)

• Broad-based401(k)retirementsavingsplanandaVPandabovedeferredcompensationplan(eachplanisavailabletoU.S.-basedemployeesonly);and

• Certainotherlimitedperquisites.

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram

Equity Incentive AwardsFor2018,oncethevalueoftheannualequityincentiveawardshasbeensetforeachexecutiveofficer,theformulausedtoallocatetheannualequityawardsisasfollows:

Annual Equity Awards: Value

ThevalueofannualequityawardsisdeterminedwithinguidelinesthattheCompensationCommitteeapprovesonanannualbasisforeachposition.Theseguidelinesarebasedonourdesiredpaypositioningrelativetocompanieswithwhichwecompetefortalent.Themidpointoftheguidelines,orthemediantargetaward,reflectsthe50thpercentileofthecompetitivemarket.

In2018,theCompensationCommitteeapprovedequityawardguidelinesbypositionbasedonthefollowing:

• equitycompensationpracticesoftechnologycompaniesinourpeergroup,asdisclosedintheirpublicfilings(seepage71forour2018peergroup),and

• equitycompensationpracticesforcomparabletechnologycompaniesthatareincludedinproprietarythird-partysurveys.

TheCompensationCommitteeisalsocognizantofdilutionresultingfromequitycompensation,andsoitcarefullyconsidersshareusageeachyearandsetsanupperlimitonthenumberofsharesthatcanbeusedforequitycompensation,includingawardstoexecutiveofficersandtheoverallemployeepopulation.

Eachexecutiveofficer’sindividualcontributionandimpact,projectedlevelofcontributionandimpactinthefuture,andcompetitivepositioningareconsideredwhendeterminingindividualawards.Theretentionvalueofcurrentyearawardsandthetotalvalueofunvestedequityfrompreviousawardsarealsoconsidered.Theindividualawardscanbehigherorlowerthanthemediantargetawardbyanamountrangingfromzerotothreetimesthemediantargetaward.TheCompensationCommitteelimitstheuseofspecialequity-relatedcompensationforexecutiveofficerstoextraordinarycircumstancesonly.In2018,ourNEOsreceivedequity-relatedcompensationaspartoftheCompany’sstandardannualequityaward.Additionally,theCompanygrantedMs.Jonesaretentionequityawardin2018,discussedinmoredetailatpage64.In2019,Mr.Fisherwillnotreceiveanannualequityaward.Inlieuofsuchequityaward,Mr.Fisherwillbeeligibletoreceiveasupplementalcashbonusof$500,000(lessdeductionsandapplicabletaxes)paidonoraroundDecember15,2019,subjecttoMr.Fisher’scontinuedemploymentbytheCompanythroughthepaymentdate.

PBRSU Program

PlanDesignandPerformancePeriods.ThePBRSUProgramisakeycomponentoftheannualequitycompensationforeachexecutiveofficer.Atthebeginningofeachperformanceperiod,executiveofficersreceivePBRSUgrantsthataresubjecttoperformance-andtime-basedvestingrequirements. 56

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram EachPBRSUcyclehasatwo-yearperformanceperiod.TheperformancegoalsforeachcycleareapprovedbytheCompensationCommitteeatthebeginningoftheperformanceperiod.EachexecutiveofficerisawardedatargetnumberofsharessubjecttothePBRSUawardatthebeginningoftheperformanceperiod.

IftheCompany’sactualperformanceexceedsorfallsshortofthetargetperformancegoals,theactualnumberofsharessubjecttothePBRSUawardwillbeincreasedordecreasedformulaically.

UnderthePBRSUprogram,100%ofanyPBRSUawardsgrantedtoourCEOandCFOwillvest,ifatall,morethan14monthsfollowingtheendoftheapplicabletwo-yearperformanceperiod.Thisprovisionsubjects100%oftheCEOandCFOPBRSUawardstoatleastthreeyearsofstockpricevolatilitybeforethesharesvest.ForallexecutiveofficersotherthantheCEOandCFO,one-halfofthePBRSUsvestinMarchfollowingtheendoftheapplicableperformanceperiod,andtheotherhalfoftheawardvestsinMarchofthefollowingyear,morethan14monthsfollowingthecompletionoftheperformanceperiod.TheCompensationCommitteebelievesthatthepost-performanceperiodvestingfeatureofthePBRSUsprovidesanimportantmechanismthathelpstoretainexecutiveofficersandaligntheirinterestswithlong-termstockholdervalue.

PBRSU TIMELINE

2017-2018PerformancePeriodMarch1550%vestingforallNEOsexceptCEOandCFOMarch15100%vestingforCEOandCFO;50%vestingforallotherNEOs2017201820192020202120222018-2019PerformancePeriodMarch1550%vestingforallNEOsexceptCEOandCFOMarch15100%vestingforCEOandCFO;50%vestingforallotherNEOs201720182019202020212022

PerformanceMeasuresandRationale.Asdiscussedabove,thenumberofsharessubjecttoatargetPBRSUawardareadjustedbasedonwhethertheCompany’sactualperformanceexceedsorfallsshortofthetargetperformancegoalsfortheapplicableperformanceperiod.

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram Thefollowingtableoutlinestheperformancemeasuresforthe2017-2018and2018-2019performanceperiodsandtherationalefortheirselection:

Performance Measures

FX-neutralrevenue(1)Non-GAAPoperatingmargindollars(2)Returnoninvestedcapital(modifier)Payments(modifier)(3)

Rationale

TheCompensationCommitteebelievesthesemeasuresarekeydriversofourlong-termbusinesssuccessandstockholdervalue,andaredirectlyaffectedbythedecisionsoftheCompany’smanagement.BothFX-neutralrevenueandnon-GAAPoperatingmargindollarsmeasuresareusedtohelpensurethatleadersareaccountablefordrivingprofitablegrowth,andmakingappropriatetradeoffsbetweeninvestmentsthatincreaseoperatingexpenseandfuturegrowthinrevenue.Thereturnoninvestedcapitalmodifierisusedtoholdleadersaccountablefortheefficientuseofcapital.Beginningwiththe2018-2019PBRSUperformanceperiod,wehaveaddedaPaymentsmodifiertothePBRSUProgramdesigninrecognitionoftheimportanceofourstrategicdecisiontoimprovecustomerexperiencebyintermediatingpaymentsonourMarketplaceplatform.ThisPaymentsmodifierisdesignedtotieourseniorexecutives’compensationtothedegreeofachievementofpaymentsintermediation.

(1) Calculatedonafixedforeignexchangebasis.

(2) Non-GAAPoperatingmargindollarsexcludescertainitems,primarilystock-basedcompensationexpenseandrelatedemployerpayrolltaxes,amortizationofacquiredintangibleassets,impairmentofgoodwill,separationexpenses,andcertainone-timegains,lossesand/orexpenses.

(3) Applicableonlytothe2018-2019PBRSUs.MeasuresthepercentageoftheGMVintermediatedintheUnitedStatesandasecondmarketduringtheapplicablefiscalyearonanabsolutebasisandascomparedtothepriorfiscalyear.

Changesfor2018.Beginningwiththe2018-2019PBRSUcycle,wehaveaddedaPaymentscomponenttothemodifierelementofthePBRSUProgramdesign.ThisPaymentsmodifierincentivizestheseniorleadershipteamtoworkcross-functionallyonacriticalgrowthinitiativeandprofitdriverthatimpactsmultipleareasofthebusiness.GiventheimportanceofthesuccessofthePaymentinitiativetotheCompany’ssuccessmoregenerally,aswellasthepriorityplacedonthisinitiativeintheCompany’soperationalstrategyfor2018and2019,ourCompensationCommitteedeterminedthatpayoutofPBRSUsforthe2018-2019cycleshouldbesubjecttoachievementingrowinguseofourintermediationplatform,aswellasourexistingCompanyfinancialperformancemetrics.

PlanMechanicsandTargets.Thetwo-yearperformancetargetsaregenerallysetinamannerconsistentwiththecurrentyearbudgetandmulti-yearstrategicplan.ToreceiveanysharessubjecttoaPBRSUaward,atleastoneoftheFX-neutralrevenueornon-GAAPoperatingmargindollarsminimumperformancethresholdsmustbemet.Eachoftheminimumperformancethresholdsareindependentand,ifanyoftheFX-neutralrevenueornon-GAAPoperatingmargindollarperformancethresholdsaremet,theawardisadjustedwithrespecttothatperformancemeasureinaccordancewiththepercentagesoutlinedintheillustrationbelow.IftheminimumperformancethresholdforeitherFX-neutralrevenueornon-GAAPoperatingmargindollarsisnotmet,thennosharesareawardedforthatperformancemeasure.Atthetimetheperformancetargetswereset,thetargetgoalsweredesignedtobeachievablewithstrongmanagementperformance,whilethemaximumgoalsweredesignedtobeverydifficulttoachieve. 58

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram Thefollowingtableshowstheminimum,target,andmaximumpayoutpercentageforFX-neutralrevenueandnon-GAAPoperatingmargindollars: Minimum Target MaximumFX-neutral revenue 25% 50% 100%Non-GAAP operating margin dollars 25% 50% 100%

ThenumberofsharesawardedisdeterminedbyfirstcomparingouractualperformanceforFX-neutralrevenueandnon-GAAPoperatingmargindollarsovertheperformanceperiodagainsttheminimum,target,andmaximumperformancelevelsandconvertingtheresultintoapayoutpercentage.Achievementislinearlyinterpolatedbetweenthepercentagessetforthinthetableabovebasedonactualresults

Forthe2017-2018performanceperiod,theFX-neutralrevenueandnon-GAAPoperatingmargindollarsmeasuresareaddedtogetherandthistotalismultipliedbythethirdmeasure,returnoninvestedcapital,withthemodificationmultiplierdeterminedinaccordancewiththetablebelow: Minimum Target MaximumReturn on invested capital (modifier) 80% 100% 120%

Forthe2018-2019performanceperiod,thecalculationsetforthabovewillbefurtheradjustedbythemultiplicationofafourthmeasure,Payments.ThismodifiermeasurestheextenttowhichtheGMVintheUnitedStatesandasecondmarketinagivenfiscalyearisprocessedthroughourPaymentsintermediationplatform,expressedasapercentageofGMV.Ifthepercentageisbelowthetargetpercentage,theawardswillbeadjusteddownwardandifthepercentageexceedsthetargetpercentage,itwillbeadjustedupward,withthemodificationmultiplierdeterminedinaccordancewiththetablebelow: Minimum Target MaximumPayments (modifier) 75% 100% 150%

Thetargetawardisthenmultipliedbythepercentageresultingfromtherelevantcalculation,asdescribedabove,todeterminetheactualnumberofPBRSUsawarded.TheCompensationCommitteemayapproveadjustmentstothecalculationsoftheperformancemeasuresduetomaterialeventsnotcontemplatedatthetimethetargetswereset(suchasmajoracquisitionsorunusualorextraordinarycorporatetransactions,events,ordevelopments)andtheCompensationCommitteemayapplynegativediscretiontoreducethepayoutlevelsoftheawards.

2017-2018PBRSUCycle.Sharesthatvestedunderthe2017-2018PBRSUawardscouldhavebeenfrom0%to240%oftheinitialgrant,basedoneBay’sFX-neutralrevenue,non-GAAPoperatingmargindollars,andreturnoninvestedcapitalforthetwo-yearperformanceperiod,withthecalculationassetforthbelow:

(FX-neutralrevenuePayout%+Non-GAAPoperating$marginPayout%)xROICModifierPayout%=TotalPayout%TotalPayout%xTargetSharesAwarded=TotalSharesEarned

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram 2018-2019PBRSUCycle.Sharesthatvestunderthe2018-2019PBRSUawardsreflectthepotentialimpactofthePaymentsmodifier.Thesharesthatvestwillbe0%to340%oftheinitialgrant,basedoneBay’sFX-neutralrevenue,non-GAAPoperatingmargindollars,andreturnoninvestedcapitalandPaymentsmodifiers,withthecalculationassetforthbelow:

(FX-neutralrevenuePayout%+Non-GAAPoperating$marginPayout%)xROICModifierPayout%xPaymentsModifierPayout%=TotalPayout%TotalPayout%xTargetSharesAwarded=TotalSharesEarned

2019-2020PBRSUCycle.Forthe2019-2020PBRSUcycle,theawardsweregrantedagainusingaPaymentsmodifiertiedtothepercentofpaymentsintermediated.

Time-based RSUs (“RSUs”)

Asdiscussedabove,eachexecutiveofficerreceivesaportionofhisorherannualequityawardasagrantofRSUsthatvestonaquarterlybasisoverafour-yearperiodsubjecttocontinuedemployment.Fornewlyhiredexecutiveofficers,25%oftheinitialgrantofRSUsvestonthefirstanniversaryofthedateofgrantandtheremaindervestonthequarterlyschedule.ThisvestingscheduleisalignedwithmarketpracticeandhelpsenabletheCompanytoremaincompetitiveinattractingtalent.

Annual Cash Incentive Awards (the eBay Incentive Plan (eIP))PlanDesignandPerformancePeriod.TheeBayIncentivePlan(“eIP”)isabroad-basedshort-termcashincentiveplan.TheCompensationCommitteehassetanannualperformanceperiodundertheplan.

TheplanisdesignedtosupportatightlinkbetweenCompanyperformanceandanyincentivepayouts.Theannualcashincentivespayablefor2018hadbothaFX-neutralrevenuethresholdandanon-GAAPnetincomeminimumperformancethreshold.Unlessbothoftheseminimumperformancethresholdsaremet,thereisnoincentivepayout.Ifbothminimumperformancethresholdsaremet,theCompanyusestotalnon-GAAPnetincometodeterminethepayoutpercentageoftheCompanyfinancialperformancecomponentoftheannualcashincentive.

Thefollowingtableshowsthethreshold,target,andmaximumpayoutpercentagefornon-GAAPnetincome: Threshold Target MaximumNon-GAAP net income 50% 100% 200%

Additionally,iftheminimumperformancethresholdsaremet,75%ofexecutiveofficers’payoutsundertheplanarebasedontheCompany’sperformanceasdescribedabove.Tofacilitatedifferentiationbasedonindividualperformance,theremaining25%ofawardsaregenerallybasedonindividualperformance.Asdiscussedinmoredetailbelow,theCompensationCommitteeconsidersmanyfactorsindeterminingtheCEO’sindividualperformance,butdoesnotassignspecificweightingtothesefactors.TheCEOpartnerswiththeCompensationCommitteetosimilarlyassesstheindividualperformanceoftheotherexecutiveofficers.ConsistentwithourcommitmenttoaligningexecutivecompensationwithCompanyperformance,incircumstances(suchas2018)wheretheCompany’sfinancialperformanceisaboveitsminimumperformancethresholdandbelowthetargetperformancethreshold,amodifierisappliedtotheindividualperformancecomponenttoreduceitproportionatelybasedontheCompanyfinancialperformancecomponent.Forexample,iftheCompanyexceededtheFX-neutralrevenueminimumperformancethresholdandtotalnon-GAAPnetincomewas90%ofthetargetperformancethreshold,thentheindividualperformancecomponentwouldbecalculatedasfollows:targetincentiveamountx25%xindividual 60

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Compensation Discussion and Analysis | ElementsofOurExecutiveCompensationProgram performancescorex90%.ThemaximumpayoutforboththeCompanyfinancialperformanceandtheindividualperformancecomponentsoftheannualincentiveplanis200%oftarget.

PerformanceMeasuresandRationale.ThefollowingtableprovidesinformationontheCompanyperformancemeasuressetin2018andrationalefortheirselection: Performance Measures (1) RationaleCompany financial performance measure

FX-neutralrevenue(threshold)

TheCompensationCommitteebelievesthataminimumrevenuethresholdshouldbemetbeforeanycashincentiveispaid.Oncetheminimumrevenuethresholdhasbeenmet,theCompanyfinancialperformancecomponentoftheannualcashincentivepaymentispaidbasedonresultsinrelationtothenon-GAAPnetincomegoal.

Non-GAAPnetincome(2)

Non-GAAPnetincomeisthekeymeasureofshort-andintermediate-termresultsfortheCompanygiventhatitcanbedirectlyaffectedbythedecisionsoftheCompany’smanagementandprovidesthemostwidelyfollowedmeasureoffinancialperformance.

Individual measure Individualperformance

TheCompensationCommitteebelievesthataportionofthecompensationpayableunderthisplanshouldbedifferentiatedbasedonindividualperformanceforwhichareviewisconductedattheendoftheyear.

(1) BothminimumFX-neutralrevenueandminimumnon-GAAPnetincomeperformancethresholdsmustbemetinorderfortheretobeanyincentivepayoutbased

onCompanyperformanceorindividualperformance,withthepayoutlevelforCompanyfinancialperformancecomponentbasedontheamountofnon-GAAPnetincome.

(2) Non-GAAPnetincomeexcludescertainitems,primarilystock-basedcompensationexpenseandrelatedemployerpayrolltaxes,amortizationorimpairmentof

acquiredintangibleassets,impairmentofgoodwill,amortizationofthedeferredtaxassetassociatedwiththerealignmentoftheCompany’slegalstructureandrelatedforeignexchangeeffects,significantgainsorlossesandtransactionexpensesfromtheacquisitionordisposalofabusinessandcertaingainsorlossesoninvestments.Non-GAAPnetincomeiscalculatedquarterly,ispubliclydisclosedaspartofourquarterlyearningsreleases,andisabasisofthird-partyanalysts’estimatesoftheCompany’sresults.

PlanMechanicsandTargets.Inthefirstquarteroftheyear,theCompensationCommitteeapprovesCompanyperformancemeasuresbasedonbusinesscriteriaandtargetlevelsofperformance.TargetsaresetbasedprimarilyontheCompany’sBoard-approvedbudgetfortheyear.

TheCompensationCommitteealsoassessesannualcashincentiveawardopportunitiesagainstdatafrompublicfilingsofourpeergroupcompaniesandgeneralindustrydataforcomparabletechnologycompaniesthatareincludedinproprietarythird-partysurveys,anditapprovestargetannualcashincentiveopportunitiesforourNEOsatapproximatelythe50thpercentilebasedonthatdata.Wereviewmarketdataannually,andperiodicallyadjustincentiveopportunitiestotheextentnecessarywhereourpracticesareinconsistentwithsuchmarketdata.

Aftertheendofeachyear,theCompensationCommitteeapprovestheactualperformanceagainsttheCompanyfinancialperformancemeasurestodeterminethepayoutpercentageforthatportionoftheannualcashincentiveplan.Withrespecttoindividualperformance,ourCEOpresentstheCompensationCommitteewithhisassessmentoftheindividualperformanceoftheexecutiveofficerswhoarehisdirectreportsandrecommendsabonuspayoutpercentagefortheindividualperformancecomponentoftheannualincentiveplanbasedonhisassessment.TheCompensationCommitteereviewshisassessmentsandpayoutrecommendationsandmakesasubjectivedeterminationofthelevelofindividualperformanceandpayoutsforeachofthoseexecutiveofficers.Inaddition,theCompensationCommittee(withinputfromtheChairmanoftheBoardandotherindependentmembersoftheBoard)makesasubjectivedeterminationoftheindividualperformanceoftheCEO.Inmakingitsdeterminationoftheindividualperformanceofeachexecutiveofficer,theCompensationCommitteedoesnotgiveanyspecificweightingtoindividualgoals.Inaddition,asdescribedabove,whentheCompanyfailstoachievetargetperformance,theCompensationCommitteeappliesadownwardmodifiertoindividualperformanceregardlessofindividualgoalachievementinordertotakeamoreholisticapproachtoassessingperformance.

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Compensation Discussion and Analysis | CompensationDecisionsfor2018

Base SalaryAssessmentandTargetPositioningStrategy.Wereviewmarketdataannuallyandapproveeachexecutiveofficer’sbasesalaryfortheyear.Increases,ifany,generallybecomeeffectiveonoraroundApril1stoftheyear.Weassesscompetitivemarketdataonbasesalariesfrompublicfilingsofourpeergroupcompaniesandgeneralindustrydataforcomparabletechnologycompaniesthatareincludedinproprietarythird-partysurveys.Whenconsideringthecompetitivemarketdata,wealsorecognizethatthedataishistoricalanddoesnotnecessarilyreflectthosecompanies’currentpaypractices.Weassesseachexecutiveofficer’sbasesalaryagainstthe50thpercentileofthesalariespaidtocomparableexecutivesatpeergroupcompaniesandalsoconsiderindividualperformance,levelsofresponsibility,expertise,andpriorexperienceinourevaluationofbasesalaryadjustments.

PerquisitesWeprovidecertainexecutiveofficerswithlimitedperquisitesandotherpersonalbenefitsnotavailabletoallemployeesthatwebelievearereasonableandconsistentwithouroverallcompensationprogramandphilosophy.ThesebenefitsareprovidedtoenabletheCompanytoattractandretaintheseexecutiveofficers.Weperiodicallyreviewthelevelsofthesebenefitsprovidedtoourexecutiveofficers.

TheCompensationCommitteehasencouragedMr.Wenigtousethecorporateairplaneforpersonaltraveltoreducepossiblesecurityconcernswhererelevant.Mr.Schenkelhasaccesstothecorporateairplaneforupto20hoursofpersonaluse,subjecttoMr.SchenkelfullyreimbursingtheCompanyfortheincrementalcostsassociatedwithsuchuse.TheCompanydoesnotgrantbonusestocover,reimburse,orotherwise“gross-up”anyincometaxowedforpersonaltravelonthecorporateairplane.

Mr.Leereceivedexpatriatebenefits,includinghousingandcostoflivingallowances,shipmentexpenses,atransportationallowanceandbenefitsunderourGlobalTaxEqualizationPolicyinconnectionwithassuminganewroleinSwitzerlandin2018.Thesebenefitsareconsistentwithourglobalexpatriateprogram.

➋ Compensation Decisions for 2018WhenmakingcompensationdecisionsforourNEOs,theCompensationCommitteeevaluatedeachindividualbasedonhisorherleadership,competencies,innovation,andbothpastandexpectedfuturecontributionstowardtheCompany’sfinancial,strategic,andotherpriorities.In2018,theCompanyloweredrevenueandGMVexpectationswhilecontinuingtomakefoundationalinvestmentsinthelong-termcompetitivenessofourplatformandlaunchingnewinitiativestosetthestageforfuturegrowthandprofitability.TheCompany’sperformancewasreflectedinourexecutivecompensationprogram,asitholdsleadershipaccountableforcompanyperformance.

TheCompensationCommitteealsoconsideredretentionconcernsaswellasthetotalvalueofeachNEO’sunvestedequityawards.Basedonitsassessment,theCompensationCommitteeapprovedindividualcompensationarrangementsforeachNEObasedonthefactorsandguidelinesdescribedaboveandinthissection.

Determining 2018 Target Compensation for our CEOTheCompensationCommitteetakesamulti-yearviewofMr.Wenig’stotalcompensation,withtheobjectiveofrewardinghisleadershipoftheCompanyandtyinghiscompensationtoCompanyresultsandstockpriceperformance.Indoingso,theCompensationCommitteehassoughttolinkMr.Wenig’scompensationwiththesustainablelong-termperformanceoftheCompany. 62

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Compensation Discussion and Analysis | CompensationDecisionsfor2018 TheCompensationCommitteeconsideredmanyfactorsinsettingthevariouscomponentsofMr.Wenig’scompensation,includingthefactorssetforthbelow.Inevaluatingperformanceagainstthesefactors,theCompensationCommitteeassignednospecificweightingtothesefactorsanditevaluatedindividualperformanceinaholisticmanner.

• ExecutionagainsttheCompany’slong-termstrategicplantodrivethebestchoice,themostrelevant,andthemostpowerfulsellingplatform

• Performanceagainsttargetfinancialgoalsandoperatinggoalsincludinginitiativesrelatedtocustomerexperience,buyergrowth,payments,andadvertising

• DrivinginnovationandexecutionacrosseBay

• Buildinganexcellentexecutivemanagementteamandavalues-basedculturethatisinventive,bold,courageous,diverse,andinclusivetoenableeBaytoattractandretaintoptalent

• ProvidingleadershipandvisiontoimproveeBay’spositionasaleadingecommerceplayerthatisenvironmentallyandsociallyresponsible

TheCompensationCommitteereviewedandapprovedthesalary,targetannualcashincentiveaward,andtargetvalueofequityawardsforourCEOconsideringavailablemarketdataaswellasCompanyandindividualperformance.

TheCompensationCommitteedeterminedthatMr.Wenig’sbasesalaryandtargetannualcashincentiveawardremainedcompetitivewithoutanincreaseandthathisoverallcompensationmixwasconsistentwithcreatinganownershipculture.

IndeterminingMr.Wenig’s2018equityaward,theCompensationCommitteerecognizedthestrengthofMr.Wenig’sleadership,hisfocusonexecutingtheCompany’sstrategy,creatingacultureofdiversityandinclusionthatreflectsthemarketplace,deliveringinnovativeproducts,theover-deliveryof2017financialresultsagainsttargets,theexecutionagainstthelong-termstrategicplantodrivefuturegrowthwhileremainingenvironmentallyandsociallyresponsible,andengagementwithcurrentandpotentialinvestors.TheCompensationCommitteealsoconsideredtheyear-over-yearincreaseinthevalueofequitygrantsawardedintheprioryeartoCEOsofotherlarge,publiccompaniesintheinternetandtechnologyspace.

ThefollowingtableoutlinesMr.Wenig’s2018compensation:

2018 2017 Year-Over-Year

Change ($) Year-Over-Year

Change (%)Base Salary $ 1,000,000 $ 1,000,000 Nochange NochangeTarget Annual Cash Incentive Award(percentage of base salary)

200%

200%

Nochange

Nochange

Target Value of Equity Awards $15,500,000 $14,000,000 $ 1,500,000 11%

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Breakdown of 2018 Compensation for our CEOThefollowinggraphicshowsthebreakdownofreported2018compensationforMr.Wenig.Thisgraphicillustratesthepredominanceofequityincentivesandperformance-basedcomponentsinourexecutivecompensationprogram.

DEVIN WENIG

Summary of Target Value of Equity Awards, Target Cash Incentive Award, and Salary for other NEOsTheCompensationCommitteeconsideredmanyfactorsinapprovingthevariouscomponentsoftheotherNEOs’compensation,includingthefactorssetforthbelow.Inevaluatingperformanceagainstthesefactors,theCompensationCommitteeassignednospecificweightingtothesefactorsanditevaluatedindividualperformanceinaholisticmanner.

• PerformanceagainsttargetfinancialresultsfortheNEO’sbusinessunitorfunction

• Definingbusinessunitorfunctionstrategyandexecutingagainstrelevantgoals

• RecognitionoftheinterconnectionbetweentheeBaybusinessunitsandfunctionsandthedegreetowhicheachexecutivesupportedanddrovethesuccessofotherbusinessunitsorfunctionsandtheoverallbusiness

• Drivinginnovationandexecutionforthebusinessunitorfunction

• Organizationdevelopment,includinghiring,developing,andretainingtheseniorleadershipteamofthebusinessunitorfunction

• Achievementofstrategicoroperationalobjectives,includingcontrolofcostsinanenvironmentallyandsociallyresponsiblemanner

TheCompensationCommitteereviewedandapprovedthetargetvalueofequityawards,targetannualcashincentiveaward,andsalaryforourNEOsbasedonavailablemarketdataaswellasCompanyandindividualperformance.BasedonexceptionalCompanyperformancein2017,eachofourNEOsreceivedincreasesinthetargetvalueofequityawardsfor2018.

TheCompensationCommitteeapprovedsalaryincreasesforMr.Schenkel,Mr.FisherandMs.Jonesinordertoremaincompetitivewithcurrentmarketconditions.TheCompensationCommitteedeterminedthattheotherNEOs’targetannualcashincentiveawardsremainedcompetitivewithoutanincreaseandthattheiroverallcashcompensationwasconsistentwithcreatinganownershipculturebyfocusingthecompensationmixonequityratherthancash.TheCommitteedeterminedannualequityawardsbasedondeliveryagainstbusinessmetrics,financialtargetsandCompany-levelleadership.Inadditiontotheannualawards,oneofourNEOs,Ms.Jones,receivedaretentionaward.Ms.Jonesplaysavaluablerolewithinourleadership,andthereisconsiderablecompetitioninthemarketforherskillset.TheawardwasgrantedinrecognitionofMs.Jones’significantcontributionstotheCompanyaswellasherkeyroleintheCompany’sfuture.Topromoteherretentionwhilealsoupholdingourviewthatincentivestoourexecutivesalignwiththelong-terminterestsofourstockholders,theawardwasgrantedusingtheCompany’sstandardequitymixof60%PBRSUsand40%RSUs. 64

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Compensation Discussion and Analysis | 2018BusinessResults ThefollowingtableshowsthecompensationarrangementsforourotherNEOs:

NAME 2018 Base

Salary

Year- Over-Year

Change for Base

Salary ($)

2018 Target Annual Cash

Incentive Award

Year-Over-Year

Changefor Target

Annual Cash IncentiveAward ($)

2018 Target Value of Equity

Awards 1

Year-Over-Year

Change for Target Value of Equity

Awards ($)Scott Schenkel $750,000 $50,000 100% $50,000 $ 7,800,0002 $1,000,000Stephen Fisher $700,000 $50,000 100% $212,500 $ 7,000,0003 NochangeWendy Jones 4 $600,000 $85,000 75% $63,750 $ 11,000,0003 $8,500,000Jae Hyun Lee 5 $675,000 Nochange 75% Nochange $ 5,000,0003 $(2,000,000)Raymond J. Pittman 6, 7 $625,000 Nochange 75% Nochange $ 5,500,000 Nochange

1 AllocatedinaccordancewiththeCompany’s2018allocationof60%PBRSUsand40%RSUs. 2 ForthePBRSUportionoftheaward,ifperformancetargetsaremet,100%ofachievedportionoftheawardwillvestonMarch15,2021. 3 ForthePBRSUportionoftheaward,ifperformancetargetsaremet,50%oftheachievedportionoftheawardwillvestonMarch15,2020andtheremaining

50%oftheachievedportionoftheawardwillvestonMarch15,2021. 4 Ms.Jonesreceivedherannualawardof$3.0million,allocatedinaccordancewiththeCompany’s2018allocation:60%PBRSUsand40%RSUs.Inaddition,

asdiscussedabove,shereceivedan$8.0millionretentionawardonJuly15,2018,whichwasallocatedinaccordancewiththeCompany’s2018allocation:60%PBRSUsand40%RSUs.

5 Mr.Lee’sbasesalaryisreportedinU.S.dollarsonanFX-neutralbasis. 6 Mr.Pittman’semploymentwiththeCompanywasterminatedonJuly2,2018.TheactualamountofbasesalarypaidtoMr.Pittmanforservicesthroughhis

terminationdateisreflectedintheBaseSalarycolumnofthe2018SummaryCompensationTablebelow.Inaddition,Mr.Pittman’s2018basesalarywasrelevanttohisseveranceentitlementpursuanttotheCompany’sSVPandAboveStandardSeverancePlan(the“StandardSeverancePlan”)andtheseparationagreemententeredintobetweenMr.PittmanandtheCompanyonJune29,2018(the“PittmanSeparationAgreement”).Seepages67-68,75and83-87foradiscussionoftheseseverancearrangementsandtheamountspayabletoMr.Pittmanthereunder,respectively.

7 Mr.PittmanwasnotaNEOforfiscalyear2017.

➌ 2018 Business ResultsThefollowingisasummaryofthebusinessresultsthatdirectlyaffected2018executivecompensation,includingperformance-basedequityawardsandannualcashincentiveawards.

PBRSUs

2017-2018 PBRSU AwardThefollowinggraphsshowthegoalsandresultsachievedforthe2017-2018performanceperiod:

Foreign-exchange neutral (FX-neutral) revenue ($ billions)

Non-GAAP operating margin dollars ($ billions)

Return on Invested Capital (%) Modifier

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Compensation Discussion and Analysis | 2018BusinessResults Followingtheendoftheperformanceperiod,aspartofitsreviewoftheCompany’sfinancialperformanceagainstthePBRSUtargetsandinaccordancewithitsauthorityunderourequityplan,theCommitteeconsideredwhethertheimpactofanysignificantcorporateeventsorchangeinaccountingprinciplesnotcontemplatedatthetimethetargetsweresetshouldleadtoanadjustmentofanyoftheperformanceresults.TheCommitteedeterminedthatitwasappropriatetoadjusttheFX-neutralrevenuetargettoremovetheimpactofachangeintherevenuerecognitionaccountingstandard.

ActualawardsunderthePBRSUProgramcouldrangefrom0%to240%ofthetargetawards.BasedontheCompany’sfinancialperformanceduringthe2017-2018performanceperiod,theactualPBRSUawardswere86%oftargetandourNEOsreceivedthefollowingawards(1):

Name Percentage of

Target

Shares Awarded for2017-2018

Performance Cycle Vesting ScheduleDevinWenig 86% 215,193 100%onMarch15,2020ScottSchenkel 86% 105,386 100%onMarch15,2020StephenFisher 86% 108,486 50%onMarch15,2019;50%onMarch15,2020WendyJones 86% 38,745 50%onMarch15,2019;50%onMarch15,2020JaeHyunLee 86% 103,385 50%onMarch15,2019;50%onMarch15,2020 (1) Mr.Pittmanseparatedpriortothecompletionofthe2017-2018performanceperiod,andthereforeforfeitedaportionofhis2017-2018PBRSUaward.Pursuantto

theStandardSeverancePlanandthePittmanSeparationAgreement,Mr.Pittmanbecameentitledtoalump-sumcashpaymentequaltothevalueof42,620shares,representing50%ofthenumberof2017-2018PBRSUsthatwereeligibletovestbasedonactualperformanceoftheapplicabletargets.Seepages67-68,75and83-87foradiscussionoftheseseverancearrangementsandtheamountspayabletoMr.Pittmanthereunder,respectively.

Annual Cash Incentive Awards

2018 Annual Cash Incentive Goals and Plan PerformanceThefollowinggraphsshowthegoalsandresultsachievedforthe2018performanceperiod:

FX-neutral revenue($ billions)

Non-GAAP net income($ billions)

Theperformancegoalsforthe2018performanceperiodweresetinearly2018basedprimarilyontheCompany’sbudgetfortheyear.TheperformancegoalforFX-neutralrevenueisaminimumrevenuethresholdthatmustbemetfortheannualcashincentivepaymenttobepaidbasedonactualresultsinrelationtothenon-GAAPnetincomeperformancegoals.

Inearly2019,aspartofitsreviewoftheCompany’sfinancialperformanceagainsttheannualcashincentiveplantargetsandinaccordancewithitsauthorityunderthecashincentiveplan,theCompensationCommitteeconsideredwhethertheimpactofanysignificantcorporateeventsnotcontemplatedatthetimethetargetsweresetshouldleadtoanadjustmentofanyoftheperformanceresults.TheCompensationCommitteedeterminedthatitwasappropriatetoadjustnon-GAAPnetincomeforcertaintaximpactsresultingfromtherealignmentofourlegalstructure,interestontheCompany’sacceleratedshare 66

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Compensation Discussion and Analysis | SeveranceandChangeInControlArrangementswithExecutiveOfficersandClawbacks repurchasesandeffectsofrecentacquisitions,which,onanetbasis,resultedinadownwardadjustmenttothenetincomeachievement.TheCompanyfinanceperformancecomponentwaspaidat78%oftargetforallparticipants,includingallNEOs.

TheCompensationCommitteereviewedMr.Wenig’sperformanceforthepurposeofdeterminingtheindividualportionofhis2018annualcashincentiveaward,withinputfromtheentireBoard.TheCompensationCommitteeconsideredthefactorslistedabovewhenassessingMr.Wenig’sindividualperformance.BasedontheCompany’sfinancialresultsin2018beingbelowexpectations,balancedwithstrategicinvestmentsinpaymentandadvertisingaswellastheCompany’scontinuingfoundationalinvestmentsinthelong-termcompetitivenessofitsplatform,Mr.Wenig’sindividualcomponentoftheannualcashincentivewasestablishedat85%oftarget.Inaccordancewiththeformuladescribedaboveunder“AnnualCashIncentiveAwards”,theindividualperformancecomponentwasadjustedbytheCompanyfinancialperformanceresultof78%.Mr.Wenig’stotalearnedannualincentiveawardfor2018,includingtheCompanyfinancialcomponentandtheindividualcomponent,was75.1%oftarget.

FortheotherNEOs,theindividualperformancecomponentwasrecommendedbyMr.Wenigbasedonhisassessmentofeachperson’sperformanceusingthefactorsdescribedabove,andwasreviewedandapprovedbytheCompensationCommittee.Thetotalearnedannualincentiveawardfor2018foreachofourNEOswerepaidatbetween75.1%and78%oftargetasfollows:

Name Annual Cash Incentive Targetas Percentage of Base Salary

Annual cashIncentive Award for 2018

Devin Wenig 200% $1,501,500Scott Schenkel 100% $ 574,500Stephen Fisher 100% $ 449,006Wendy Jones 75% $ 324,225Jae Hyun Lee 75% $ 367,814Raymond J. Pittman (1) 75% $ 198,281 (1) Mr.Pittman’semploymentwiththeCompanyterminatedonJuly2,2018,and,underthetermsofthePittmanSeparationAgreement,Mr.Pittmanreceiveda

proratedportionofthebonuspayableundertheannualcashincentiveplan(representinghisemploymentin2018fromJanuary1,2018toJuly2,2018),basedonactualCompanyperformanceforthefullyearandhistargetindividualperformance.

➍ Severance and Change In Control Arrangements with Executive Officers and ClawbacksTheobjectiveofourseveranceandchangeincontrolarrangementsdescribedbelowistoprovidefairandreasonableseverancethatwillalsoserveasaretentionincentiveforthoseimpactedbyachangeincontrolorsimilartransactions.WebelievethattheseprotectionshelptheCompanyattractandretainhighlytalentedexecutiveofficers.

Severance Arrangements Outside a Change in ControlTheCompany’sSVPandAboveStandardSeverancePlan(“StandardSeverancePlan”),whichcoverseachofficeremployedasaseniorvicepresidentorinamoreseniorposition,providesseveranceprotectionoutsideofachangeincontrolperiodifaparticipantisterminatedwithoutcauseandsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.Ms.Jones,Mr.Fisher,andMr.LeeparticipateintheStandardSeverancePlan.

SolelyforMr.Fisher,ifhecontinuesinhiscurrentroleasSeniorVicePresident,ChiefTechnologyOfficerthroughDecember31,2019,hewillbeeligibletoreceivebenefitsundertheStandardSeverancePlanevenintheeventthatMr.FishervoluntarilyterminateshisemploymentwiththeCompany.Inaddition,Mr.Fisheris

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Compensation Discussion and Analysis | SeveranceandChangeInControlArrangementswithExecutiveOfficersandClawbacks entitledtoaccesstomedicalbenefitsundertheprogramorprogramsavailabletosimilarlysituatedexecutivesoftheCompanythroughOctober31,2024(throughCOBRAoraprogramwithequivalentterms,asapplicable,inthecaseofaterminationforanyreason).

Mr.WenigandMr.SchenkeldonotparticipateintheStandardSeverancePlan.Mr.WenigandMr.SchenkelenteredintoofferletterswiththeCompanyin2014inconnectionwiththeirappointmenttotheircurrentrolesattheCompany,eachofwhichprovidesforcertainseverancebenefitsiftheapplicableexecutiveisterminatedwithoutcauseorresignsforgoodreasonnotinconnectionwithachangeincontrol,andsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.

UnderthetermsofMr.Lee’sofferletterenteredintoinconnectionwithhispromotiontohisroleofSeniorVicePresident,EMEA,Mr.LeeisentitledtoreceiveaseparationpaymentintheeventhevoluntarilyterminateshisemploymentwiththeCompany.ThisseparationpaymentisintendedtoreplicatebenefitsofferedunderaretirementprograminwhichMr.LeeformerlyparticipatedwhenhewasemployedwiththeCompanyinKorea.ThebenefitisequaltothreetimeshisaveragemonthlysalarymultipliedbyhisyearsofservicesinceJanuary1,2013.ShouldtheCompanyterminateMr.Lee’semploymentforreasonotherthancause,Mr.LeeisentitledtobenefitsundertheStandardSeverancePlan.Mr.Lee’sofferletteralsoincludesanon-competitionrestrictivecovenantfor12-monthspostterminationofemployment.

OnJuly2,2018,oneofourNEOs,Mr.Pittman,departedtheCompanyandwaseligibletoreceiveseveranceasaparticipantintheCompany’sStandardSeverancePlan.TheCompanyandMr.PittmanenteredintothePittmanSeparationAgreementinconnectionwithhisdeparture.UnderthetermsoftheStandardSeverancePlanandthePittmanSeparationAgreement,theCompanypaidthefollowingseverancebenefitstoMr.Pittman:oneyearofhisbasesalary;oneyearofhistargetannualincentivecashaward;aproratabonusfor2018fortheperiodoftimein2018duringwhichhewasemployed;twotimesthecostof12monthsofhealthcarecoverage;andacashpaymentinlieuoffullaccelerationofhisequityawardswhichwouldhaveotherwisevestedwithin12monthsofhisterminationdate.

Pleaseseethe“CompensationTables—PotentialPaymentsUponTerminationorChangeinControl”sectionofthisProxyStatementforfurtherinformationregardingtheCompany’sStandardSeverancePlan,includingamountsreceivedbyMr.Pittmaninconnectionwithhisdeparture,andthetreatmentofawardsuponqualifyingterminationeventsorachangeincontrol.

Thefollowingtabledescribestheseverancebenefits(otherthancertainaccruedbenefitswhicharepaid(suchasearnedbutunpaidbonuses,paymentofunreimbursedexpenses,etc.))thateachofourNEOswouldreceiveifterminatedoutsideofachangeincontrol.

Standard Severance Plan

Participants Mr. Wenig andMr. Schenkel

CashElements

Severance 1xsalaryand1xtargetcashincentiveaward 2xsalaryand2xtargetcashincentiveawardeIP Proratedpaymentforyearinwhichterminationoccurs(1)Health Premium 2xthecostof12monthsofhealthinsurancecoverage NopaymentMake-Good Payment Paymentofanyunpaidcash“makegood”awards n/a

EquityElements

Options and RSUs 100%accelerationofawardsthatwouldhaveotherwisevestedwithin12monthsofterminationdate(2)PBRSUs 100%accelerationofawardsthatwouldhaveotherwisevestedwithin12monthsofterminationdate(2)

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Compensation Discussion and Analysis | SeveranceandChangeInControlArrangementswithExecutiveOfficersandClawbacks (1) ForMr.WenigandMr.Schenkel,basedonlyonactualperformancewithrespecttotheCompanyperformanceelementforthefullyear.ForStandardSeverance

PlanParticipants,basedonactualperformancewithrespecttotheCompanyperformanceelementforthefullyearandtargetperformancewithrespecttotheindividualperformanceelement.

(2) ForMr.WenigandMr.Schenkel,theCompanyshallpaycashinlieuofacceleratedvesting.ForStandardSeverancePlanParticipants,theCompanycanelectto

paycashinlieuofacceleratedvesting.ThecashvalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisorherterminationdate.

Severance Arrangements in Connection with a Change in ControlTheCompanyhasnotenteredintoanyarrangementswithanyofitsexecutiveofficerstoprovide“singletrigger”severancepaymentsuponachangeincontrol.

TheCompany’sequityincentiveplansgenerallyprovidefortheaccelerationofvestingofawardsgrantedundertheplansuponachangeincontrolonlyiftheacquiringentitydoesnotagreetoassumeorcontinuetheawards.Theseprovisionsgenerallyapplytoallholdersofawardsundertheequityincentiveplans.

TheCompany’sChangeinControlSeverancePlanprovidesseveranceprotectionforexecutivesatthelevelofvicepresidentorinamoreseniorpositioninconnectionwithachangeincontrolifaparticipantisterminatedwithoutcauseorresignsforgoodreasonandsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.Mr.Fisher,Ms.JonesandMr.LeeparticipateintheChangeinControlSeverancePlan.

Mr.WenigandMr.SchenkeldonotparticipateintheChangeinControlSeverancePlan.Mr.WenigandMr.SchenkelenteredintoofferletterswiththeCompanyin2014inconnectionwiththeirappointmenttotheircurrentrolesattheCompany,eachofwhichprovidesforcertainseverancebenefitsrespectivelyiftheexecutiveisterminatedwithoutcauseorresignsforgoodreasoninconnectionwithachangeincontrol,andsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.

ThefollowingtabledescribestheseverancebenefitsthateachofourNEOswouldreceiveiftheyareterminatedinconnectionwithachangeincontrol.

Change in Control Severance

Plan Participants Mr. Wenig andMr. Schenkel

CashElements

Severance 2xsalaryand2xtargetcashincentiveaward

eIP 1xtargetcashincentiveaward(1) Proratedpaymentforyearinwhich

terminationoccurs(1)Health Premium 2xthecostof24monthsofhealthinsurancecoverage NopaymentMake-Good Payment Paymentofanyunpaidcash“makegood”awards n/a

EquityElements

Options and RSUs 100%accelerationofawards(2)PBRSUs 100%accelerationofawards(2)(3)

(1) ForMr.WenigandMr.Schenkel,basedonlyonactualperformancewithrespecttotheCompanyperformanceelementforthefullyear.ForChangeinControl

SeverancePlanParticipants,basedontargetperformancewithrespecttoboththeCompanyperformancecomponentandtheindividualperformancecomponent. (2) ForMr.WenigandMr.Schenkel,theCompanyshallpaycashinlieuofacceleratedvesting.ForChangeinControlSeverancePlanParticipants,theCompany

canelecttopaycashinlieuofacceleratedvesting.ThecashvalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisorherterminationdate.

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Compensation Discussion and Analysis | FurtherConsiderationsforSettingExecutiveCompensation (3) ThispaymentincludesthetargetamountofsharessubjecttoPBRSUsforperformanceperiodsforwhichachievementhasnotyetbeendetermined.

ClawbacksTheCompensationCommitteehasadoptedaclawbackpolicythatcoverseachofficeremployedasavicepresidentorinamoreseniorpositionandappliestoincentivecompensation,whichincludesanycashincentiveaward,equityaward,orequity-basedawardpaidorawardedtoanycoveredemployeeduringtheperiodinwhichheorsheisdesignatedasacoveredemployee.Forallcoveredemployees,theoccurrenceofeitherofthefollowingeventsiscovered:(a)anactionoromissionbythecoveredemployeethatconstitutesamaterialviolationoftheCompany’sCodeofBusinessConductor(b)anactionoromissionbythecoveredemployeethatresultsinmaterialfinancialorreputationalharmtotheCompany.Inaddition,forcoveredemployeesthatareemployedasaseniorvicepresidentorinamoreseniorpositionoravicepresidentwhoisamemberofthefinancefunction,thefollowingeventisalsocovered:amaterialrestatementofalloraportionoftheCompany’sfinancialstatementsthatistheresultofasupervisoryorotherfailurebythecoveredemployee.

Undertheclawbackpolicy,theCompensationCommitteehastheauthorityanddiscretiontodeterminewhetheraneventcoveredbythepolicyhasoccurredand,dependingonthefactsandcircumstances,may(butneednot)requirethefullorpartialforfeitureand/orrepaymentofanyincentivecompensationcoveredbythepolicythatwaspaidorawardedtoacoveredemployee.Theforfeitureand/orrepaymentmayincludealloranyportionofthefollowing:

• Anyincentivecompensationthatisgreaterthantheamountthatwouldhavebeenpaidtothecoveredemployeehadthecoveredeventbeenknown;

• Anyoutstandingorunpaidincentivecompensation,whethervestedorunvested,thatwasawardedtothecoveredemployee;and

• Anyincentivecompensationthatwaspaidtoorreceivedbythecoveredemployee(includinggainsrealizedthroughtheexerciseofstockoptions)duringthetwelve-monthperiodprecedingthedateonwhichtheCompanyhadactualknowledgeofthecoveredeventorthefullimpactofthecoveredeventwasknown,orsuchlongerperiodoftimeasmayberequiredbyanyapplicablestatuteorgovernmentregulation.

➎ Further Considerations for Setting Executive Compensation Role of Consultants in Compensation DecisionsPayGovernanceLLC(“PayGovernance”)servesastheCompensationCommittee’sindependentcompensationconsultant.ItprovidestheCompensationCommitteewithadviceandresourcestohelptheCompensationCommitteeassesstheeffectivenessoftheCompany’sexecutivecompensationstrategyandprograms.PayGovernancereportsdirectlytotheCompensationCommittee,andtheCompensationCommitteehasthesolepowertoterminateorreplacePayGovernanceatanytime.

Aspartofitsengagement,theCompensationCommitteehasdirectedPayGovernancetoworkwithourSeniorVicePresident,ChiefPeopleOfficerandothermembersofmanagementtoobtaininformationnecessaryforPayGovernancetoformrecommendationsandevaluatemanagement’srecommendationstotheCompensationCommittee.PayGovernancealsomeetswiththeCompensationCommitteeduringitsregularmeetings,inexecutivesession(wherenomembersofmanagementarepresent),andwiththeCompensationCommitteechairandothermembersoftheCompensationCommitteeoutsideoftheCompensationCommittee’sregularmeetings.Aspartofitsengagementin2018,PayGovernanceprovidedamarketoverviewofexecutivecompensation,evaluatedtheCompany’speergroupcomposition,evaluatedcompensationlevelsatthepeergroupcompanies,assessedandproposedequityandcashcompensationguidelinesforvariousexecutivejoblevels,assessedcompensationfortheCompany’s 70

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Compensation Discussion and Analysis | FurtherConsiderationsforSettingExecutiveCompensation executiveofficers,advisedontheframeworkfortheCompany’slong-termincentiveawards,andassessedBoardcompensation.PayGovernancedoesnotprovideanyotherservicestotheCompany.

Compensation Consultant Conflict of Interest AssessmentTheCompensationCommitteerecognizesthatitisessentialtoreceiveobjectiveadvicefromitscompensationadvisors.Tothatend,theCompensationCommitteecloselyexaminestheproceduresandsafeguardsthatitscompensationadvisortakestoensurethatitsservicesareobjective.TheCompensationCommitteehasassessedtheindependenceofPayGovernancepursuanttoSECrulesandconcludedthatPayGovernance’sworkfortheCompensationCommitteedoesnotraiseanyconflictofinterest.

Peer Group ConsiderationsTosettotalcompensationguidelines,wereviewmarketdataofcompaniesthatarecomparabletoeBayandthatwebelievecompetewitheBayforexecutivetalent,business,andcapital.Wereviewbothspecificdatafrompeergroupcompanies’publicfilingsandgeneralindustrydataforcomparabletechnologycompaniesthatareincludedinproprietarythirdpartysurveys.Webelievethatitisnecessarytoconsiderthismarketdatainmakingcompensationdecisionstoattractandretaintalent.Wealsorecognizethat,attheexecutivelevel,wecompetefortalentagainstlargerglobalcompanies,aswellassmaller,non-publiccompanies.

Toassesswhetherthepeergroupcontinuestoreflectthemarketsinwhichwecompeteforexecutivetalent,theCompensationCommitteereviewsandapprovesthepeergroupeachyearwiththeassistanceofitscompensationconsultant.Indecidingwhetheracompanyshouldbeincludedinthepeergroup,theCompensationCommitteegenerallyconsidersthefollowingscreeningcriteria:

• revenue;

• marketvalue;

• historicalgrowthrates;

• primarylineofbusiness;

• whetherthecompanyhasarecognizableandwell-regardedbrand;and

• whetherwecompetewiththecompanyfortalent.

Foreachmemberofthepeergroup,oneormoreofthefactorslistedabovewasrelevanttothereasonforinclusioninthegroup,and,similarly,oneormoreofthesefactorsmaynothavebeenrelevanttothereasonforinclusioninthegroup.

TheCompensationCommitteeevaluatestheCompany’speergrouponanannualbasis.Thepeergroupconsistedofthefollowingcompaniesfor2018:

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AdobeSystemsIncorporatedAlphabetInc.Amazon.com,Inc.BookingHoldingsInc.(formerly,“ThePricelineGroupInc.”)CiscoSystems,Inc.ElectronicArtsInc.Expedia,Inc.Facebook,Inc.

IntelCorporationIntuitInc.MicrosoftCorporationNetflix,Inc.PayPalHoldings,Inc.salesforce.com,inc.SymantecCorporationTwitter,Inc.

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Compensation | CompensationCommitteeReport

Compensation Committee ReportTheCompensationCommitteereviewsandapprovesCompanycompensationprogramsonbehalfoftheBoard.Infulfillingitsoversightresponsibilities,theCompensationCommitteereviewedanddiscussedwithmanagementtheCompensationDiscussionandAnalysissetforthinthisProxyStatement.Baseduponthereviewanddiscussionsreferredtoabove,theCompensationCommitteerecommendedtotheBoardthattheCompensationDiscussionandAnalysisbeincludedinthisProxyStatementandeBay’sAnnualReportonForm10-KforthefiscalyearendedDecember31,2018.

COMPENSATIONCOMMITTEE

PaulS.Pressler

AnthonyJ.Bates

BonnieS.Hammer

KathleenC.Mitic

ThomasJ.Tierney

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Compensation Tables | 2018SummaryCompensationTable

Compensation Tables

2018 Summary Compensation TableThefollowingtable,footnotes,andnarrativesummarizethetotalcompensationearnedbyeachofournamedexecutiveofficers,orNEOs,forthefiscalyearendedDecember31,2018and,totheextentrequiredundertheSECexecutivecompensationdisclosurerules,thefiscalyearsendedDecember31,2017and2016.

Name and PrincipalPosition (a)

Year (b)

Salary ($) (c)

Bonus ($) (d)

Stock Awards

($) (e)

Option Awards($) (f)

Non- Equity Incentive Plan Compensation

($) (g)

Change in Pension Value

and Nonqualified

Deferred Compensation

Earnings($) (h)

All Other Compensation

($) (i) Total

($) Devin N. WenigPresidentandChiefExecutiveOfficer

2018 1,000,000 0 15,500,046 0 1,501,500 0 170,620 18,172,166 2017 1,000,000 0 14,000,033 0 2,580,000 0 90,558 17,670,591 2016 1,000,000 0 12,500,033 0 2,430,000 0 11,159 15,941,192

Scott F. SchenkelSeniorVicePresident,FinanceandChiefFinancialOfficer

2018 736,538 0 7,251,530 0 574,500 0 11,000 8,573,568 2017 686,539 0 6,856,169 0 928,543 0 10,800 8,482,526

2016

650,000

0

5,972,030

0

789,750

0

10,746

7,422,526

Stephen FisherSeniorVicePresident,ChiefTechnologyOfficer(1)

2018 598,077 200,000 6,507,774 0 449,006 0 12,416 7,767,273 2017 643,269 200,000 7,057,857 0 562,056 0 61,465 8,524,647

2016

625,000

200,000

6,967,348

0

493,359

0

10,600

8,296,307

Wendy JonesSeniorVicePresident,GlobalCustomerExperience&Operations

2018

554,231

0

10,897,299

0

324,225

0

11,000

11,786,755

Jae Hyun LeeSeniorVicePresident,GeneralManager,eBayMarkets(2)

2018 653,238 0 4,648,404 0 367,814 0 357,376 6,026,832

2017 595,163 0 7,113,476 0 603,719 0 131,958 8,444,316Raymond J. PittmanSeniorVicePresident,ChiefProductOfficer(3)

2018 338,942 0 5,113,257 0 198,281 0 1,153,714 6,804,194 2017 612,885 0 7,790,387 0 535,510 0 10,800 5,913,095 2016 580,000 0 5,474,346 0 457,837 0 10,600 6,522,783

(1) Mr.FisherservedinthecapacityofSeniorVicePresident,ChiefTechnologyOfficerforthemajorityof2018.Hebegantheyearinthatrolebut,effectiveJune18,2018,transitionedtotheroleofSeniorVicePresident,Paymentsinordertofocusonapersonalmatter.EffectiveNovember5,2018,Mr.FisherresumedhisroleasSeniorVicePresident,ChiefTechnologyOfficer.

(2) During2018,Mr.LeeservedasSeniorVicePresident,EMEA.Mr.LeebeganservinginthecurrentpositioneffectiveFebruary18,2019.Mr.Lee’sbasesalarywasconvertedfromSingaporedollarstoU.S.dollarsbasedonCompanyFXplanningrates.

(3) Mr.Pittman’semploymentwiththeCompanywasterminatedonJuly2,2018.

Bonus (Column (d))Mr.Fisherreceivedsupplementalcashpaymentspursuanttohisofferletter.

Inaddition,pursuanttohisofferletterdatedNovember5,2018wherebyhewasreemployedasSeniorVicePresident,ChiefTechnologyOfficerbytheCompany(the“ReemploymentLetter”),Mr.Fisherwillnotbeeligibleforanequityawardin2019andwill,inlieuofsuchequityaward,receiveasupplementalcashbonusof$500,000(lessdeductionsandapplicabletaxes)paidonoraroundDecember15,2019,subjecttoMr.Fisher’scontinuedemploymentbytheCompanythroughthepaymentdate.

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Stock Awards (Column (e))TheamountsreportedintheStockAwardscolumnrepresenttheaggregategrantdatefairvalueoftime-basedrestrictedstockunits,orRSUs,andperformance-basedrestrictedstockunits,orPBRSUs,grantedtoeachofourNEOsineachoftheapplicableyears,calculatedinaccordancewiththeFinancialAccountingStandardsBoard’sAccountingStandardsCodificationTopic718,Compensation—StockCompensation.ThegrantdatefairvalueofRSUsisdeterminedusingthefairvalueofourcommonstockonthedateofgrant,andthegrantdatefairvalueofPBRSUsiscalculatedbasedonthefairvalueofourcommonstockonthedateofgrantandtheprobableoutcomeoftheperformancemeasuresfortheapplicableperformanceperiodasofthedateonwhichthePBRSUsaregranted.ThisestimatedfairvalueforPBRSUsisdifferentfrom(andlowerthan)themaximumvalueofPBRSUssetforthbelow.TheequityincentiveawardsincludedinthiscolumnwereallawardedundertheCompany’s2008EquityIncentiveAwardPlan,asamendedandrestated.

RSUs:For2018,RSUawardsweregrantedtoourNEOsinconnectionwiththeCompany’sannualequitygrantonApril1,2018withagrantdatevalueof$6,200,018forMr.Wenig,$2,900,620forMr.Schenkel,$1,115,614forMs.Jones,$2,603,126forMr.Fisher,$1,859,370forMr.Leeand$2,038,711forMr.Pittman.

PBRSUs:PBRSUsprovideanopportunityforourNEOstoreceivetime-basedRSUsiftheperformancemeasuresforaparticulartimeperiod—typically24months—aremet.Foradescriptionoftheperformancemeasuresforthe2018-2019PBRSUawards,see“CompensationDiscussionandAnalysis—ElementsofOurExecutiveCompensationProgram—EquityIncentiveAwards—PBRSUProgram”above.

For2018,PBRSUawardsweregrantedtoourNEOsinconnectionwiththeCompany’sannualequitygrantonApril1,2018withagrantdatevalueof$9,300,027forMr.Wenig,$4,350,910forMr.Schenkel,$1,673,421forMs.Jones,$3,904,648forMr.Fisher,$2,789,034forMr.Leeand$3,067,938forMr.Pittman.

Assumingthehighestlevelofperformanceisachievedundertheapplicableperformancemeasuresforthe2018-2019PBRSUawards,themaximumpossiblevalueofthePBRSUawardsallocatedtoourNEOsforsuchperformanceperiodusingthefairvalueofourcommonstockonthedatethatsuchawardsweregrantedispresentedbelow:

Name

Maximum Valueof PBRSUs (as of Grant Date)

Mr.Wenig $ 33,480,097Mr.Schenkel $ 15,663,276Mr.Fisher $ 14,056,732Ms.Jones $ 6,024,316Mr.Lee $ 10,040,522Mr.Pittman(1)

n/a

(1) Mr.Pittman’semploymentwiththeCompanywasterminatedonJuly2,2018,andhethereforewillnotbeeligibletovestinanysuchPBRSUawards.

ThevaluethatourNEOsreceivedin2018fromthevestingofstockawardsisreflectedinthe2018OptionExercisesandStockVestedtablebelow.AdditionalinformationonalloutstandingstockawardsasofDecember31,2018isreflectedinthe2018OutstandingEquityAwardsatFiscalYear-Endtablebelow.

Inadditiontotheannualequitygrants,andasdescribedabove,Ms.Jonesreceivedanequity-basedretentionawardinanamountof$8,000,000onJuly15,2018,whichwasallocatedinaccordancewiththeCompany’sgenerallyallocation:60%PBRSUsand40%RSUs.TheretentionawardwasgrantedinrecognitionofMs.Jones’significantcontributionstotheCompanyaswellasherkeyroleintheCompany’sfuture.Ms.Jonesplaysavaluablerolewithinourleadership,andthereisconsiderablecompetitioninthemarketforherskillset. 74

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Option Awards (Column (f))

Since2016,inaccordancewithourrevisedequityguidelines,nooptionawardsweregrantedtoourNEOs.

ThevaluethatourNEOsreceivedin2018fromtheexerciseofpreviouslygrantedstockoptionsisreflectedinthe2018OptionExercisesandStockVestedtablebelow.AdditionalinformationonalloutstandingoptionawardsasofDecember31,2018isreflectedinthe2018OutstandingEquityAwardsatFiscalYear-Endtablebelow.

Non-Equity Incentive Plan Compensation (Column (g))

TheamountsreportedintheNon-EquityIncentivePlanCompensationcolumnrepresentamountsearnedbyeachofourNEOsundertheannualcashincentiveplanforservicestheyrenderedineachoftheapplicableyears.See“CompensationDiscussionandAnalysis—ElementsofOurExecutiveCompensationProgram—AnnualCashIncentiveAwards(theeBayIncentivePlan(eIP))”aboveformoreinformation.

All Other Compensation (Column (i))

GeneralTheamountsreportedintheAllOtherCompensationcolumnreflect:

a) Anamountof$11,000foreachofourNEOs,otherthanMr.Lee(whoworkedinSingaporeduring2018andthereforedidnotparticipateintheCompany’s401(k)savingsplan),whichrepresentsthemaximummatchingcontributionsmadebytheCompanytotheCompany’s401(k)savingsplanforthebenefitofourU.S.-basedNEOs,whichalsoisthesamemaximumamountapplicabletoeachparticipatingemployeefor2018.

b) CertainseparationbenefitstheCompanypaidtoMr.PittmanuponhisseparationofemploymentonJuly2,2019.PursuanttothetermsofthePittmanSeparationAgreement,andcommensuratewiththetermsoftheStandardSeverancePlan,thisincludesoneyearofhisbasesalary($625,000),oneyearofhistargetannualincentivecashaward($468,750),aproratabonusfor2018fortheperiodoftimein2018duringwhichhewasemployed($198,281),andtwotimesthecostof12monthsofhealthcarecoverage($48,964).

c) ThedollarvalueofcertaininformationtechnologysupportservicesprovidedbytheCompanyforcomputerequipmentlocatedattheresidencesofMr.FisherandMr.Lee.

d) ThevalueofanoverseascostoflivingallowanceforMr.Lee,whichwaspaiddirectlytoMr.LeeinconnectionwithhisemploymentbytheCompanyinSingapore.

e) ThevalueofcarandhousingallowancesforMr.Lee,totalingand$208,698and$30,595,respectively,whichwerepaiddirectlytoMr.LeeinconnectionwithhisemploymentbytheCompanyinSingapore.

f) Thedollarvalue($29,066)ofcertainrelocationexpensesforMr.Leeasaresultofhistransitioninrolesin2018.TheserelocationexpenseswerevaluedonthebasisoftheaggregateincrementalcosttotheCompanyandrepresenttheamountaccruedforpaymentorpaidtotheapplicableserviceprovider.TheCompanydidnotmakeanygrossuppaymentstoMr.Leeinrespectoftheimputedincomeassociatedwiththesepaymentinconnectionwiththepaymentofsuchexpenses.

g) Anamountof$5,114inhomesecurityexpensesforMr.Wenigrelatingtomonitoringservicesbyoutsidesecurityproviders.Theincrementalcostassociatedwiththehomesecurityservicesisdeterminedbasedupontheamountpaidtotheapplicableoutsidesecurityprovider.

h) Anamountof$19,572insecuredchauffeuredtransportationallowancesprovidedtoMr.Wenig.Theincrementalcostassociatedwithsuchservicesisdeterminedbasedupontheamountpaidtotheapplicableserviceprovider.

i) Mr.Wenigwaspermittedpersonalairplaneusagein2018.Thoughnotrequiredto,hevoluntarilypartiallyreimbursedtheCompanyforhispersonalusageoftheairplane.$134,754isincludedintheamountforMr.WeniginthiscolumntoreflecttheportionforwhichtheCompanywasnotreimbursed.

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Compensation Tables | 2018GrantsofPlan-basedAwards 2018 Grants of Plan-based Awards

Thefollowingtable,footnotes,andnarrativesetforthcertaininformationregardinggrantsofplan-basedawardstoeachofourNEOsforthefiscalyearendedDecember31,2018.

Estimated Future Payouts

Under Non-Equity Incentive Plan Awards


Under Equity Incentive Plan Awards

All OtherStock

Awards:Number of Sharesof Stock or Units

(#)(j)

All OtherOption

Awards:Number ofSecuritiesUnderlying

Options(#)(k)

Exerciseor BasePrice of OptionAwards($/Sh)(l)

GrantDate Fair

Value($)(m)

Name (a)

Approval Date (b)

Grant Date (c)

Threshold($)(d)

Target ($)(e)

Maximum($)(f)

Threshold(#)(g)

Target (#)(h)

Maximum(#)(i)

Devin N. Wenig RSUs 2/20/20184/1/2018 — — — — — — 154,076 — —6,200,018eIP-CompanyPerformance N/A N/A 750,0001,500,0003,000,000 — — — — — — —eIP–IndividualPerformance N/A N/A — 500,0001,000,000 — — — — — — —PBRSUs(2018-2019Performanceperiod) 2/20/20184/1/2018 — — — 63,557231,114 785,788 — — —9,300,027

Scott F. Schenkel RSUs 2/20/20184/1/2018 — — — — — — 72,083 — —2,900,620eIP–CompanyPerformance N/A N/A 276,202 552,4031,104,806 — — — — — — —eIP–IndividualPerformance N/A N/A — 184,135 368,270 — — — — — — —PBRSUs(2018-2019Performanceperiod) 2/20/20184/1/2018 — — — 29,735108,124 367,622 — — —4,350,910

Stephen Fisher RSUs 2/20/20184/1/2018 — — — — — — 64,690 — —2,603,126eIP–CompanyPerformance N/A N/A 224,279 448,558 897,116 — — — — — — —eIP–IndividualPerformance N/A N/A — 149,519 299,038 — — — — — — —PBRSUs(2018-2019Performanceperiod) 2/20/20184/1/2018 — — — 26,685 97,034 329,916 — — —3,904,648

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Compensation Tables | 2018GrantsofPlan-basedAwards


Under Non-Equity Incentive Plan Awards


Under Equity Incentive Plan Awards

All OtherStock

Awards:Number of Sharesof Stock or Units

(#)(j)

All OtherOption

Awards:Number ofSecuritiesUnderlying

Options(#)(k)

Exerciseor BasePrice of OptionAwards($/Sh)(l)

GrantDate Fair

Value($)(m)

Name (a)

Approval Date (b)

Grant Date (c)

Threshold($)(d)

Target ($)(e)

Maximum($)(f)

Threshold(#)(g)

Target (#)(h)

Maximum(#)(i)

Wendy Jones RSUs 2/20/2018 4/1/2018 — — — — — — 27,724 — —1,115,614RSUs 7/7/20187/15/2018 — — — — — — 86,235 — —3,243,398eIP–CompanyPerformance N/A N/A 155,878311,755 623,510 — — — — — — —eIP–IndividualPerformance N/A N/A —103,918 207,836 — — — — — — —PBRSUs(2018-2019Performanceperiod) 2/20/2018 4/1/2018 — — — 35,573129,353 439,801 — — —4,864,966PBRSUs(2018-2019Performanceperiod) 7/7/20187/15/2018 — — — 11,437 41,586 141,393 — — —1,673,421

Jae Hyun Lee RSUs 2/20/2018 4/1/2018 — — — — — — 46,207 — —1,859,370eIP–CompanyPerformance N/A N/A 183,724367,447 734,894 — — — — — — —eIP–IndividualPerformance N/A N/A —122,482 244,964 — — — — — — —PBRSUs(2018-2019Performanceperiod) 2/20/2018 4/1/2018 — — — 19,061 69,310 235,654 — — —2,789,034

Raymond Pittman (1) RSUs 2/20/2018 4/1/2018 — — — — — — 50,828 — —2,045,319eIP–CompanyPerformance N/A N/A 95,328190,655 381,310 — — — — — — —eIP–IndividualPerformance N/A N/A — 63,552 127,103 — — — — — — —PBRSUs(2018-2019)Performanceperiod 2/20/2018 4/1/2018 — — — 20,967 76,241 259,220 — — —3,067,938

(1) Mr.Pittmanseparatedpriortothecompletionofthe2018-2019performanceperiod,andthereforeforfeitedsuchaward(whichwouldhaveotherwisevestedin

2020and2021).However,pursuanttothetermsofthePittmanSeparationAgreement,andcommensuratewiththetermsoftheStandardSeverancePlan,uponMr.Pittman’sseparationofemployment,hereceived,amongotherbenefits,fullaccelerationofhisequityawardswhichwouldhaveotherwisevestedwithin12monthsofhisterminationdate.

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Estimated Future Payouts Under Non-Equity Incentive Plan Awards (Annual Cash Incentive Plan) (Columns (d), (e), and (f))

Theamountsreportedunderthesecolumnsrelatetothepossibleawardsundertheannualcashincentiveplan.In2018,thetotalannualtargetincentiveamountsundertheannualcashincentiveplanfortheNEOswereasfollows:

Mr.Wenig

$

2,000,000

Mr.Schenkel

$

736,538

Mr.Fisher

$

598,077

Ms.Jones

$

415,673

Mr.Lee

$

489,929

Mr.Pittman

$

254,207

Thetotal2018annualtargetincentiveamountsundertheannualcashincentiveplanfortheNEOswereallocated75%toCompanyperformanceand25%toindividualperformance.NopaymentoccursfortheindividualperformancecomponentoftheannualcashincentiveplanunlesstheminimumthresholdsforbothFX-neutralrevenueandnon-GAAPnetincomearemet;for2018,boththeseCompanyperformancethresholdsweremet.However,becausethetargetCompanyperformancewasnotmetin2018,asdescribedintheCompensationDiscussionandAnalysis,aproportionaldownwardadjustmenttoindividualperformancewasapplied.

ActualpayoutstoourNEOsundertheannualcashincentiveplanforthefiscalyearendedDecember31,2018arereflectedintheNon-EquityIncentivePlanCompensationcolumninthe2018SummaryCompensationTableabove.

eIP—CompanyPerformance:Theamountsshownintherowsentitled“eIP–CompanyPerformance”reflectestimatedpayoutsforthefiscalyearendedDecember31,2018undertheannualcashincentiveplanfortheportionoftheawardpayablebasedontheCompany’sperformance,asfollows:

• Threshold:TheamountsshowninthiscolumnreflecttheminimumpaymentlevelsiftheminimumFX-neutralrevenueandnon-GAAPnetincomethresholdsaremet,whichare50%oftheamountsshownundertheTargetcolumn.

• Target:Theamountsshowninthiscolumnreflectthetargetpaymentlevelsiftargetnon-GAAPnetincomeismet.

• Maximum:TheamountsshowninthiscolumnrepresentthemaximumamountspayablebasedonCompanyperformance,whichare200%oftheamountsshownundertheTargetcolumn.

eIP—IndividualPerformance:Theamountsshownintherowsentitled“eIP–IndividualPerformance”reflectestimatedpayoutsforthefiscalyearendedDecember31,2018undertheannualcashincentiveplanfortheportionoftheawardpayablebasedonindividualperformance,asfollows:

• Threshold:Althoughtherearenothresholdsundertheannualcashincentiveplanforindividualperformance,thereisnopayoutforindividualperformanceunlesstheminimumthresholdsforbothCompany-wideFX-neutralrevenueandnon-GAAPnetincomearemet.Inaddition,incircumstanceswheretheCompany’sfinancialperformanceisaboveitsthresholdsbutbelowitstargets,amodifierisappliedtotheindividualperformancecomponenttoreduceitproportionatelybasedontheCompanyfinancialperformancecomponent.

• Target:Theamountsshowninthiscolumnreflect100%ofthetargetawardforindividualperformance.

• Maximum:Theamountsshowninthiscolumnare200%oftheamountsshownundertheTargetcolumn.

See“CompensationDiscussionandAnalysis—ElementsofOurExecutiveCompensationProgram—AnnualCashIncentiveAwards(theeBayIncentivePlan(eIP))”above. 78

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Estimated Future Payouts Under Equity Incentive Plan Awards (PBRSUs) (Columns (g), (h), and (i))

TheamountsshownreflectestimatedpayoutsofPBRSUsforthe2018-2019performanceperiod,asfollows:

• Threshold:TheamountsshowninthiscolumnreflecttheawardsiftheminimumFX-neutralrevenueandnon-GAAPoperatingmargindollarthresholdsaremetandthelowestreturnoninvestedcapitalandthePaymentsmodifierisapplied,andare40%oftheamountsshownundertheTargetcolumn.

• Target:TheamountsshowninthiscolumnreflecttheawardsifthetargetFX-neutralrevenueandnon-GAAPoperatingmargindollaramountsaremet,andthetargetreturnoninvestedcapitalandthePaymentsmodifierisapplied.

• Maximum:TheamountsshowninthiscolumnreflecttheawardsifthemaximumFX-neutralrevenueandnon-GAAPoperatingmargindollaramountsaremetandthemaximumreturnoninvestedcapitalandthePaymentsmodifierisapplied,andare340%oftheamountsshownundertheTargetcolumn.

ForfurtherdiscussionofthePBRSUs,includingtheirvestingschedulesandtheadditionin2018ofthePaymentsmodifier,see“CompensationDiscussionandAnalysis—ElementsofOurExecutiveCompensationProgram—EquityIncentiveAwards—PBRSUProgram”above.

All Other Stock Awards: Number of Shares or Stock Units (RSUs) (Column (j))

TheawardsreflectthenumberofRSUsonthegrantdate.RSUawardsgrantedtoourNEOsin2018vestoverafour-yearperiodwith1/16thofthesharesunderlyingtheRSUawardvestingonJune15,2018andadditional1/16thofthesharesunderlyingtheRSUawardvestingeachquarterthereafter.

Grant Date Fair Value (Column (m))

ThegrantdatefairvalueofeachRSUawardwascalculatedusingthefairvalueofourcommonstockonthedateofgrant.TheestimatedfairvalueofPBRSUswascalculatedbasedonthefairvalueofourcommonstockonthedateofgrantandtheprobableoutcomeoftheperformancemeasuresforthe2018-2019performanceperiodasofthedateonwhichthosePBRSUsweregrantedforaccountingpurposes.

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Compensation Tables | 2018OutstandingEquityAwardsatFiscalYear-End 2018 Outstanding Equity Awards at Fiscal Year-EndThefollowingtableandfootnotessetforthcertaininformationregardingoutstandingequityawardsforeachofourNEOsasofDecember31,2018.

Option Awards

Stock Awards

Name

Number of Securities Underlying UnexercisedOptions (#) Exercisable

Number of Securities Underlying

Unexercised Options (#)

Unexercisable

Equity Incentive

Plan Awards:

Number of Securities Underlying UnexercisedUnearned

Options(#)

Option Exercise

Price($)

Option Grant Date

Option Expiration

Date

Number ofShares or Units of

Stock ThatHave Not

Vested(#)

Market Value

Shares or Units of Stock

That Have Not Vested ($) (1)

Stock Grant Date

Equity Incentive

Plan Awards:

Number ofUnearned Shares, Units or

Other Rights

That Have Not Vested

(#)

Equity Incentive

Plan Awards:

Market or Payout

Value of Unearned Shares, Units or

Other Rights


($) (1)

Devin N. Wenig

83,108

0

0

14.86

4/2/2012

4/2/2019

134,207

0

0

14.67

4/13/2012

4/13/2019

139,563

0

0

22.63

4/1/2013

4/1/2020

126,982

0

0

22.76

4/1/2014

4/1/2021

111,183

0

0

20.41

10/15/2014

10/15/2021

205,878

18,717

0

23.21

4/1/2015

4/1/2022

40,269

6,875

0

26.92

7/17/2015

7/17/2022

28,074

788,037

4/1/2015

5,892

165,388

7/17/2015

65,432

1,836,676

4/1/2016

93,834

2,63,920

4/1/2017

125,187

3,513,999

4/1/2018

367,464

(2)

10,314,714

4/1/2016

215,193

(2)

6,040,468

4/1/2017

554,674

(3)

15,569,699

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Compensation Tables | 2018OutstandingEquityAwardsatFiscalYear-End

Option Awards

Stock Awards

Name




Unexercisable

Equity Incentive

Plan Awards:


Options(#)

Option Exercise

Price($)

Option Grant Date

Option Expiration

Date


Stock ThatHave Not

Vested(#)

Market Value



Stock Grant Date

Equity Incentive

Plan Awards:


Other Rights


(#)

Equity Incentive

Plan Awards:

Market or Payout


Other Rights


($) (1)

ScottSchenkel

10,157

0

0

14.86

4/2/2012

4/2/2019

27,914

0

0

22.63

4/1/2013

4/1/2020

1,799

0

0

22.76

4/1/2014

4/1/2021

47,252

0

0

20.41

10/15/2014

10/15/2021

17,676

7,071

0

23.21

4/1/2015

4/1/2022

12,081

2,063

0

26.92

7/17/2015

7/17/2022

94,288

0

0

26.92

7/17/2015

7/17/2022

10,605

297,682

4/1/2015

1,768

49,628

7/17/2015

31,261

877,496

4/1/2016

45,953

1,289,901

4/1/2017

58,567

1,643,976

4/1/2018

175,560

(2)

4,927,969

4/1/2016

105,386

(2)

2,958,185

4/1/2017

259,498

(3)

7,284,109

StephenFisher

1,820

7,279

0

23,21

4/1/2015

4/1/2022

10,915

1,013,627

4/1/2015

36,471

2,786,939

4/1/2016

47,304

2,823,136

4/1/2017

52,560

2,594,716

4/1/2018

102,410

(2)

2,874,649

4/1/2016

108,486

(2)

3,045,202

4/1/2017

232,882

(3)

6,536,998

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Compensation Tables | 2018OutstandingEquityAwardsatFiscalYear-End

Option Awards

Stock Awards

Name




Unexercisable

Equity Incentive

Plan Awards:


Options(#)

Option Exercise

Price($)

Option Grant Date

Option Expiration

Date


Stock ThatHave Not

Vested(#)

Market Value



Stock Grant Date

Equity Incentive

Plan Awards:


Other Rights


(#)

Equity Incentive

Plan Awards:

Market or Payout


Other Rights


($) (1)

WendyJones

2,646

0

0

22.76

4/1/2014

4/1/2021

13,377

2,080

0

23.21

4/1/2015

4/1/2022

8,318

772,313

4/1/2015

10,396

965,374

4/1/2015

26,051

1,990,685

4/1/2016

3,132

199,759

10/15/2016

16,895

1,008,275

4/1/2017

22,526

1,112,010

4/1/2018

80,846

3,243,298

7/15/2018

5,496

(2)

154,273

10/15/2016

38,745

(2)

1,087,572

4/1/2017

410,255

(3)

11,515,857

Jae HyunLee

4,159

4,160

0

23.21

4/1/2015

4/1/2022

6,237

579,252

4/1/2015

15,630

1,194,406

4/1/2016

27,032

1,613,240

4/1/2017

22,061

1,232,179

9/15/2017

37,544

1,853,363

4/1/2018

43,890

(2)

1,231,992

4/1/2016

103,385

(2)

2,902,017

4/1/2017

166,344

(3)

4,669,276

RaymondJ.Pittman(3)

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Compensation Tables | 2018OptionExercisesandStockVested (1) MarketValueiscalculatedbasedonapricepershareof$28.07,whichwastheclosingpriceofourcommonstockonDecember31,2018. (2) InaccordancewiththeSECexecutivecompensationdisclosurerules,representstheestimatedfutureawardofPBRSUsatthemaximumperformancelevelunderthe2018-2019performanceperiod

basedonCompanyperformancethrough2018.PBRSUsareearnedbasedontheCompany’sFX-neutralrevenueandnon-GAAPoperatingmargindollarsduringtheperformanceperiod(withtheapplicationofareturnoninvestedcapitalandPaymentsmodifier).See“CompensationDiscussionandAnalysis—ElementsofOurExecutiveCompensationProgram—EquityIncentiveAwards—PBRSUProgram”aboveforamoredetaileddiscussionoftheseawardsandrelatedperformancemeasures.

(3) PursuanttothetermsofthePittmanSeparationAgreement,andcommensuratewiththetermsoftheStandardSeverancePlan,uponMr.Pittman’sseparationofemployment,hereceived,among

otherbenefits,fullaccelerationofhisequityawardswhichwouldhaveotherwisevestedwithin12monthsofhisterminationdate.AllotherequityawardsintheformofRSUs,stockoptions,andPBRUsceasedtovestandwereforfeitedasofhisterminationdate.

2018 Option Exercises and Stock VestedThefollowingtableandfootnotessetforththenumberofsharesacquiredandthevaluerealizeduponexerciseofstockoptionsandthevestingofstockawardsforeachofourNEOsforthefiscalyearendedDecember31,2018.

Option Awards

Stock Awards

Name

Number ofShares Acquired

on Exercise(#)

Value Realizedon Exercise

($) (1)

Number ofShares Acquired

on Vesting(#)

Value Realized on Vesting

($) (2)

Devin N. Wenig

134,207

3,891,505

469,171

18,753,644

Scott F. Schenkel

101,475

2,050,965

326,192

13,084,511

Stephen Fisher

51,451

810,656

328,062

12,359,303

Wendy Jones

9,500

188,256

73,181

2,757,915

Jae Hyun Lee

39,054

466,375

120,236

4,806,314

Raymond J. Pittman (3)

15,172

163,121

147,089

6,180,018

(1) Valuerealizedonexerciseofstockoptionsisbasedonthefairmarketvalueofourcommonstockonthedateofexerciseminustheexercisepriceanddoesnot

reflectactualproceedsreceived. (2) Valuerealizedonvestingofstockawardsisbasedonthefairmarketvalueofourcommonstockonthevestingdateanddoesnotreflectactualproceeds

received. (3) PursuanttothetermsofthePittmanSeparationAgreement,andcommensuratewiththetermsoftheStandardSeverancePlan,uponMr.Pittman’sseparationof

employment,hereceived,amongotherbenefits,fullaccelerationofhisequityawardswhichwouldhaveotherwisevestedwithin12monthsofhisterminationdate.AllotherequityawardsintheformofRSUs,stockoptions,andPBRUsceasedtovestandwereforfeitedasofhisterminationdate.

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Compensation Tables | PotentialPaymentsUponTerminationorChangeinControl Potential Payments Upon Termination or Change in ControlThefollowingtable,footnotes,andnarrativesetforthourpaymentobligationspursuanttothecompensationarrangementsforeachofourNEOs,underthecircumstancesdescribedbelow,assumingthattheiremploymentwasterminatedorachangeincontroloccurredonDecember31,2018.InthecaseofMr.Pittman,whoseemploymentwasterminatedinvoluntarilyonJuly2,2018outsideofachangeincontrol,theamountsanddescriptionsinthetable,footnotes,andnarrativesetforththepaymentsactuallymadebytheCompanyinconnectionwithhistermination.

Name

VoluntaryTermination

($)(a)

Changein Control

($)(b)

InvoluntaryTerminationOutside of

a Change inControl($)(c) (1)

InvoluntaryTermination

in Connectionwith a Change

in Control($)(d) (1)

Death or Disability

($)(e) (2)Devin N. Wenig 0 0 31,785,695 61,845,517 26,093,455Scott F. Schenkel 0 0 14,272,587 24,009,683 11,787,588Stephen Fisher (3) 0 0 10,054,001 16,088,011 9,324,907Wendy Jones 0 0 4,889,939 13,762,153 4,665,797Jae Hyun Lee 979,857(4) 0 7,152,224 12,040,693 6,521,086Raymond J. Pittman 0 0 6,454,252(5) 0 0

(1) WithrespecttoMr.WenigandMr.Schenkel,aninvoluntaryterminationincludesaterminationwithoutcauseorresignationforgoodreason.Withrespectto

Ms.Jones,Mr.FisherandMr.Lee,undertheStandardSeverancePlan,aninvoluntaryterminationincludesonlyaterminationwithoutcause,andaninvoluntaryterminationinconnectionwithachangeincontrolincludesterminationwithoutcauseorresignationforgoodreason.

(2) ThedeathordisabilitybenefitforMs.Jones,Mr.FisherandMr.Leeareeachpresentedasthoughtheiremploymentterminatedoutsideachangeincontrol.Inthe

eventtheiremploymentisterminatedinconnectionwithachangeincontrol,Ms.Jones’deathordisabilitybenefitwouldbe$11,178,853,Mr.Fisher’sdeathordisabilitybenefitwouldbe$12,539,047,andMr.Lee’sdeathordisabilitybenefitwouldbe$9,124,735.

(3) PursuanttothetermsofhisReemploymentAgreement,Mr.Fisherisentitledtoaccesstomedicalbenefitsundertheprogramorprogramsavailabletosimilarly

situatedexecutivesoftheCompanythroughOctober31,2024,regardlessofapriorterminationofemploymentwiththeCompanyforanyreason(withsuchmedicalbenefitstobeprovidedthroughCOBRAoraprogramwithequivalentterms,asapplicable).Amountsrelatedtothisbenefithavebeenincludedwithrespecttoeachapplicablecolumninthistable.

(4) RepresentsaseparationbenefitpayabletoMr.Leeuponavoluntaryterminationofemployment,whichisintendedtoreplicatebenefitsofferedunderaretirement

programinwhichMr.LeeformerlyparticipatedwhenhewasemployedwiththeCompanyinKorea.UnderthetermsofMr.Lee’sofferletter,intheeventMr.LeeterminatedhisemploymentwiththeCompany,hewouldreceiveaseparationbenefitequalto18timeshisaveragemonthlysalary,basedonsixyearsofcompletedservicesinceJanuary1,2013.

(5) RepresentsthetotalseparationbenefitstheCompanypaidtoMr.PittmanuponhisseparationofemploymentonJuly2,2019.Pursuanttothetermsofthe

PittmanSeparationAgreement,andcommensuratewiththetermsoftheStandardSeverancePlan,thisincludesoneyearofhisbasesalary($625,000),oneyearofhistargetannualincentivecashaward($468,750),aproratabonusfor2018fortheperiodoftimein2018duringwhichhewasemployed($198,281),twotimesthecostof12monthsofhealthcarecoverage($48,964),andfullaccelerationofhisequityawardswhichwouldhaveotherwisevestedwithin12monthsofhisterminationdate($5,113,257).

Voluntary Termination (Column (a))Mr.Lee’sofferletterandMr.Fisher’sReemploymentLettereachprovideforseverancebenefitsuponavoluntarytermination.However,Mr.Fisher’seligibilityforseverancebenefitsiscontingentonhiscontinuedemploymentbytheCompanythroughDecember31,2019. 84

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Compensation Tables | PotentialPaymentsUponTerminationorChangeinControl

Change in Control (Column (b))TheCompanyhasnotenteredintoanyarrangementswithanyofitsexecutiveofficerstoprovide“singletrigger”severancepaymentsuponachangeincontrol.

TheCompany’sequityincentiveplansgenerallyprovidefortheaccelerationofvestingofawardsgrantedundertheplansuponachangeincontrolonlyiftheacquiringentitydoesnotagreetoconvert,assume,orreplacetheawards.Theseprovisionsgenerallyapplytoallholdersofawardsundertheequityincentiveplans.

TheamountsreportedintheChangeinControlcolumnassumethat,inachangeincontroltransaction,thesuccessorentitywouldconvert,assume,orreplaceoutstandingequityawards.Ifthesuccessorentitydoesnotconvert,assume,orreplaceanyoutstandingequityawardsandalltheunvestedandoutstandingawardsarefullyaccelerateduponachangeincontrol,theaggregatevalueofacceleratedvestingofsuchawardstoeachoftheNEOsthatwereexecutiveofficersoftheCompanyasofDecember31,2018,calculatedbasedontheclosingpriceofourcommonstockonDecember31,2018,wouldbeasfollows:

Name

Acceleration Value of All Outstanding Equity

Awards as of 12/31/18($) (*)

Mr. Wenig 38,107,710Mr. Schenkel 15,982,374Mr. Fisher 12,821,124Ms. Jones 10,827,209Mr. Lee 9,165,679Mr. Pittman n/a(1)

(*) IncludesthetargetamountofsharessubjecttoPBRSUsforperformanceperiodsforwhichachievementhasnotyetbeendetermined. (1) NoamountsareincludedforMr.PittmanbecausehisemploymentwiththeCompanyterminatedonJuly2,2018.

Involuntary Termination outside of a Change in Control (Column (c))TheCompany’sStandardSeverancePlanprovidesseveranceprotectionoutsideofachangeincontrolperiodifaparticipantisterminatedwithoutcauseandsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.Ms.Jones,Mr.FisherandMr.Leeparticipateinsuchplan.

Mr.WenigandMr.SchenkeldonotparticipateintheStandardSeverancePlan.Mr.WenigandMr.SchenkelenteredintoofferletterswiththeCompanyin2014inconnectionwiththeirappointmenttotheircurrentrolesattheCompany,eachofwhichprovidesforcertainseverancebenefitsiftheapplicableexecutiveisterminatedwithoutcauseorresignsforgoodreasonnotinconnectionwithachangeincontrol,andsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.

UnderthetermsofMr.Lee’sofferletterenteredintoinconnectionwithhispromotiontohisroleofSeniorVicePresident,EMEA,Mr.LeeisentitledtoreceiveaseparationpaymentintheeventheterminateshisemploymentwiththeCompany.ThisseparationpaymentisintendedtoreplicatebenefitsofferedunderaretirementprograminwhichMr.LeeformerlyparticipatedwhenhewasemployedwiththeCompanyinKorea.ThebenefitisequaltothreetimeshisaveragemonthlysalarymultipliedbyhisyearsofservicesinceJanuary1,2013.Incontrast,shouldtheCompanyterminateMr.Lee’semploymentforareasonotherthancause,Mr.LeeisentitledtobenefitsundertheStandardSeverancePlan.Mr.Lee’sofferletteralsoincludesanon-competitionrestrictivecovenantfor12-monthspostterminationofemployment.

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Compensation Tables | PotentialPaymentsUponTerminationorChangeinControl Thefollowingchartdescribestheseverancebenefits,inadditiontocertainaccruedbenefits(suchasearnedbutunpaidbonuses,paymentofunreimbursedexpenses,etc.)thateachofourNEOswouldreceiveifterminatedoutsideofachangeincontrol.

Standard Severance Plan

Participants Mr. Wenig andMr. Schenkel

CashElements

Severance 1xsalaryand1xtargetcashincentiveaward 2xsalaryand2xtargetcashincentiveaward eIP Proratedpaymentforyearinwhichterminationoccurs(1)

Health Premium 2xthecostof12monthsofhealthinsurance

coverage Nopayment

Make-Good Payment Paymentofanyunpaidcash“makegood”

awards n/a

EquityElements

Options and RSUs 100%accelerationofawardsthatwouldhaveotherwisevestedwithin12monthsof

terminationdate(2)

PBRSUs 100%accelerationofawardsthatwouldhaveotherwisevestedwithin12monthsof

terminationdate(2) (1) ForMr.WenigandMr.Schenkel,basedonlyonactualperformancewithrespecttotheCompanyperformanceelementforthefullyear.ForStandardSeverance

PlanParticipants,basedonactualperformancewithrespecttotheCompanyperformanceelementforthefullyearandtargetperformancewithrespecttotheindividualperformanceelement.

(2) ForMr.WenigandMr.Schenkel,theCompanyshallpaycashinlieuofacceleratedvesting.ForStandardSeverancePlanParticipants,theCompanycanelecttopaycashinlieuofacceleratedvesting.ThecashvalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisorherterminationdate.

Involuntary Termination in Connection with a Change in Control (Column (d))TheCompany’sChangeinControlSeverancePlanprovidesseveranceprotectioninconnectionwithachangeincontrolifaparticipantisterminatedwithoutcauseorresignsforgoodreasonandsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.Ms.Jones,Mr.FisherandMr.LeeparticipateintheChangeinControlSeverancePlan.

Mr.WenigandMr.SchenkeldonotparticipateintheChangeinControlSeverancePlan.Mr.WenigandMr.SchenkelenteredintoofferletterswiththeCompanyin2014inconnectionwiththeirappointmenttotheircurrentrolesattheCompany,eachofwhichprovidesforcertainseverancebenefitsiftheapplicableexecutiveisterminatedwithoutcauseorresignsforgoodreasoninconnectionwithachangeincontrol,andsignsanddoesnotrevokeawaiverofclaimsagainsttheCompany.

ThefollowingchartdescribestheseverancebenefitsthateachofourNEOswouldreceiveiftheyareterminatedinconnectionwithachangeincontrol.

Change in Control

Severance Plan Participants Mr. Wenig andMr. Schenkel

CashElements

Severance 2xsalaryand2xtargetcashincentiveaward

eIP 1xtargetcashincentiveaward(1) Proratedpaymentforyearinwhich

terminationoccurs(1)

Health Premium 2xthecostof24monthsofhealthinsurancecoverage Nopayment

Make-Good Payment Paymentofanyunpaidcash“makegood”

awards n/a

EquityElements

Options and RSUs 100%accelerationofawards(2) PBRSUs 100%accelerationofawards(2)(3)

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Compensation Tables | PotentialPaymentsUponTerminationorChangeinControl (1) ForMr.WenigandMr.Schenkel,basedonlyonactualperformancewithrespecttotheCompanyperformanceelementforthefullyear.ForChangeinControl

SeverancePlanParticipants,basedontargetperformancewithrespecttoboththeCompanyperformancecomponentandtheindividualperformancecomponent.

(2) ForMr.WenigandMr.Schenkel,theCompanyshallpaycashinlieuofacceleratedvesting.ForChangeinControlSeverancePlanParticipants,theCompanycanelecttopaycashinlieuofacceleratedvesting.ThecashvalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisorherterminationdate.

(3) ThispaymentincludesthetargetamountofsharessubjecttoPBRSUsforperformanceperiodsforwhichachievementhasnotyetbeendetermined.

Death or Disability (Column (e))

Mr. Wenig and Mr. SchenkelPursuanttotheirrespectiveoffersletters,ifeitherMr.Wenig’sorMr.Schenkel’semploymentterminatesduetodeathordisability(asdefinedintheapplicableofferletter),theapplicableexecutivewillbeentitledtoreceive,within30daysofhisterminationdate,acashpaymentequaltothevalueofanyoutstandingandunvestedequityawards,includingthetargetamountofsharessubjecttoPBRSUsforperformanceperiodsforwhichachievementhasnotyetbeendetermined,thatwouldhaveotherwisevestedwithin24monthsofhisterminationdate(wherethevalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisterminationdate).

Ms. Jones, Mr. Fisher and Mr. LeePursuanttotheStandardSeverancePlan,if,outsideachangeincontrol,eitherMs.Jones’,Mr.Fisher’sorMr.Lee’semploymentterminatesduetohisorherdeathordisability(asdefinedintheStandardSeverancePlan)thentheapplicableexecutivewillbeentitledtoreceive,within60daysofhisorherterminationdate,thefullvesting(orpaymentofcashinlieuofvestingattheelectionoftheCompany)ofhisorheroutstandingandunvestedequityawards,includingthetargetamountofsharessubjecttoPBRSUsforperformanceperiodsforwhichachievementhasnotyetbeendetermined,thatwouldhaveotherwisevestedwithin24monthsofhisorherterminationdate(wherethecashvalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisorherterminationdate).

PursuanttotheChangeinControlSeverancePlan,if,inconnectionwithachangeincontrol,eitherMs.Jones’,Mr.Fisher’sorMr.Lee’semploymentterminatesduetohisorherdeathordisability(asdefinedintheChangeinControlSeverancePlan)thentheapplicableexecutiveisentitledtoreceive,within60daysofhisorherterminationdate,thefullvesting(orpaymentofcashinlieuofvestingattheelectionoftheCompany)ofallhisorheroutstandingandunvestedequity,includingthetargetamountofsharessubjecttoPBRSUsforperformanceperiodsforwhichachievementhasnotyetbeendetermined(wherethecashvalueofsuchunvestedequityisdeterminedusingtheaverageclosingpriceoftheCompany’scommonstockforthetenconsecutivetradingdaysendingonandincludingthetradingdayimmediatelypriortohisterminationdate).

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Compensation Of Directors

Compensation of DirectorsTheCompensationCommitteeisresponsibleforreviewingandmakingrecommendationstotheBoardregardingcompensationpaidtoalldirectorswhoarenotemployeesofeBay,oranyparent,subsidiaryoraffiliateofeBay,fortheirBoardandcommitteeservices.

ExceptforMr.Omidyar,eBay’sfounderandmemberoftheBoard,2018annualcompensationtocontinuingnon-employeedirectorsconsistedof(a)Companycommonstockwithagrantdatevalueequalto$250,000or,foranon-employeedirectorservingastheChairmanoftheBoard,$350,000,ineachcaseroundeduptothenearestwholeshare,grantedatthetimeoftheannualmeetingand(b)anannualcashretainerof$80,000paidinquarterlyinstallments(or,atthenon-employeedirector’sdiscretion,paidinadditionalcommonstockofanequivalentvalueroundeduptothenearestwholeshare).Theannualretainerispro-ratedintheeventthatadirectorservesforaportionofayear.

DeferredStockUnits(“DSUs”)grantedpriortoAugust1,2013arepayableinCompanycommonstockorcash(atourelection)followingtheterminationofanon-employeedirector’sserviceontheBoard.DSUsgrantedonorafterAugust1,2013arepayablesolelyinCompanycommonstockfollowingtheterminationofanon-employeedirector’sserviceontheBoard.SinceJanuary1,2017,RSUshavebeengrantedinlieuofDSUsascompensationfornon-employeedirectors.IntheeventofachangeincontrolofeBay,anyequityawardsgrantedtoournon-employeedirectorswillaccelerateandbecomefullyvestedandexercisable.

Thefollowingtablesetsforthannualretainerspaidtoournon-employeedirectorswhoserveasChairmanoftheBoard;theChairsoftheAudit,Compensation,andCorporateGovernanceandNominatingCommittees;andthemembersofthoseCommittees.DirectorswithaninterestandbackgroundintechnologywhomeetregularlywithourseniortechnologistsandreportsignificantmatterstotheBoarddonotreceiveanyadditionalcompensationforsuchservice.

Role 2018

Annual Retainer AllIndependentDirectors $ 80,000BoardChairman $100,000LeadIndependentDirector(ifapplicable) $ 25,000CommitteeChairs

Audit $ 20,000Compensation $ 15,000CorporateGovernance&Nominating $ 15,000

CommitteeMembers Audit $ 18,000Compensation $ 12,000CorporateGovernance&Nominating $ 10,000

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Compensation Of Directors | 2018DirectorCompensationTable 2018 Director Compensation TableThefollowingtableandfootnotessummarizethetotalcompensationpaidbytheCompanytonon-employeedirectorsforthefiscalyearendedDecember31,2018.

Name (a)

Fees Earned or Paid in Cash

($)(b)

Stock Awards ($)(c) (1)

Option Awards

($)(d)

All Other Compensation

($)(e)

Total ($)(f)

FredD.AndersonJr.

121,750

250,000

—

—

371,750

EdwardW.Barnholt(2)

54,250

250,000

—

—

304,250

AnthonyJ.Bates

94,250

250,000

—

—

344,250

AdrianeM.Brown

98,000

250,000

—

—

348,000

DianaFarrell

80,000

250,000

—

—

330,000

LoganD.Green

90,000

250,000

—

—

340,000

BonnieS.Hammer

94,250

250,000

—

—

344,250

KathleenC.Mitic

119,250

250,000

—

—

369,250

PierreM.Omidyar

—

—

—

24,001

24,001

PaulS.Pressler

109,317

250,000

—

—

359,317

RobertH.Swan

80,000

250,000

—

—

330,000

ThomasJ.Tierney

204,250

350,000

—

—

554,250

PerryM.Traquina

108,000

250,000

—

—

358,000

(1) Inconnectionwiththenon-employeedirector’sservicetotheCompany,thenon-employeedirectorwasgrantedRSUs.ThenumberofRSUsgrantedrepresents

thequotientof(A)$250,000(and$100,000withrespecttotheadditionalawardtoMr.Tierney,thenon-employeedirectorservingasChairmanoftheBoard)dividedby(B)theCompany’sclosingstockpriceonthedateofgrant,roundeduptothenearestwholeRSU.100%oftheRSUsvestontheearlierof:(i)theone-yearanniversaryofthedateofgrantor(ii)thedateoftheCompany’sfirstannualmeetingofstockholdersthatoccursafterthedateofgrant,providedthenon-employeedirectorcontinuestoprovideservicetotheCompanythroughsuchdate.

(2) OnApril2,2018,Mr.BarnholtinformedtheCompanythathewouldnotstandforre-electiontoourBoardofDirectorswhenhistermexpiredatour2018Annual

MeetingofStockholdersduetohisretirementfromtheBoard.ThecashfeespaidtoMr.Barnholtreflectapro-ratedpaymentoftheannualretainerfortheperiodof2018duringwhichheprovidedservicetotheCompany.

Fees Earned or Paid in Cash (Column (b))

TheamountsreportedintheFeesEarnedorPaidinCashcolumnreflectthecashfeesearnedbyeachnon-employeedirectorin2018,whichincludesfeeswithrespecttowhichthefollowingdirectorselectedtoreceivesharesinlieuofcash.

Name

Fees Forgone

($)

Shares Received

(#)

PaulS.Pressler

109,317

3,098

RobertH.Swan

80,000

2,245

ThomasJ.Tierney

204,250

5,735

PerryM.Traquina

108,000

3,030

Stock Awards (Column (c))

TheamountsreportedintheStockAwardscolumnreflecttheaggregategrantdatefairvalueofRSUsgrantedin2018.ThegrantdatefairvalueofeachRSUwascalculatedusingthefairvalueofourcommonstockonthedateofthegrant.Eachnon-employeedirector(otherthanMr.Omidyar)providingserviceasa

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Compensation Of Directors | 2018DirectorCompensationTable directorthroughMay30,2018,thedateofour2018AnnualMeeting(includingMr.Barnholtwhoresignedimmediatelythereafter),wasgranted6,606RSUswithavalueof$250,000onsuchdate(or,inthecaseofMr.Tierney,ourChairmanoftheBoard,9,248RSUswithavalueof$350,000onsuchdate).SuchRSUsbecomefullyvestedupontheearlierof(i)thefirstanniversaryofthegrantdate,and(ii)thefirstannualmeetingofthestockholdersoftheCompanythatoccursafterthegrantdate.

AsofDecember31,2018,eachindividualwhoservedasanon-employeedirectorduring2018heldtheaggregatenumbersofDSUsandRSUsassetforthbelow.Therewerenooutstandingoptionsheldbynon-employeedirectorsasofDecember31,2018.

Name

DSUs Held as of12/31/18

(#)

Total RSUs Held as of 12/31/18

(#)FredD.AndersonJr.

44,402

6,606

EdwardW.Barnholt

0

6,606

AnthonyJ.Bates

5,810

6,606

AdrianeM.Brown

0

6,606

DianaFarrell

0

6,606

LoganD.Green

0

6,606

BonnieS.Hammer

3,711

6,606

KathleenC.Mitic

25,212

6,606

PaulS.Pressler

1,128

6,606

RobertH.Swan

836

6,606

ThomasJ.Tierney

52,784

9,248

PerryM.Traquina

6,198

6,606

All Other Compensation (Column (e))

TheamountreportedintheAllOtherCompensationcolumnforMr.OmidyarconsistsofthatportionofthepremiumspaidbyeBayforhealthinsurancecoverageforthebenefitofMr.Omidyar.Otherthanthisbenefit,theCompanyprovidesnootherreportablecompensationorbenefitstonon-employeedirectors. 90

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Equity Compensation Plan Information

Equity Compensation Plan InformationThefollowingtablegivesinformationaboutsharesofourcommonstockthatmaybeissuedupontheexerciseofoptionsandrightsunderourequitycompensationplansasofDecember31,2018.WerefertotheseplansandgrantscollectivelyasourEquityCompensationPlans.

Plan Category

(a)Number of Securitiesto be Issued Upon

Exercise of OutstandingOptions, Warrants,

and Rights

(b)Weighted Average Exercise Price of

Outstanding Options,Warrants, and Rights

(c)Number of Securities Remaining Available for Future Issuance

Under Equity Compensation Plans (Excluding Securities

Reflected in Column (a)) Equitycompensationplansapprovedbysecurityholders 35,777,789(1) $21.7997(2) 77,510,191(3)Equitycompensationplansnotapprovedbysecurityholders — — —Total 35,777,789 $21.7997 77,510,191

(1) Includes(a)31,165,973sharesofourcommonstockissuablepursuanttoRSUsunderour2008EquityIncentiveAwardPlan,asamendedandrestated,orour

2008Plan,andourterminatedplans,(b)2,058,048sharesofourcommonstockissuablepursuanttostockoptionsunderour2008Planandourterminatedplans,and(c)207,179sharesofourcommonstockissuablepursuanttoDSUsunderour2008Planandaterminatedplan.RSUsandDSUs,eachrepresentanunfunded,unsecuredrighttoreceivesharesofCompanycommonstock(or,withrespecttoDSUsgrantedpriortoAugust1,2013,theequivalentvaluethereofincashorproperty).ThevalueofRSUsandDSUsvariesdirectlywiththepriceofourcommonstock.

(2) DoesnotincludeoutstandingRSUsorDSUs. (3) Includes11,947,925sharesofourcommonstockreservedforfutureissuanceunderourEmployeeStockPurchasePlanasofDecember31,2018.

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CEO Pay Ratio

CEO Pay RatioAsrequiredbySection953(b)oftheDodd-FrankWallStreetReformandConsumerProtectionAct,weareprovidingthefollowingdisclosureabouttherelationshipoftheannualtotalcompensationofouremployeestotheannualtotalcompensationofMr.DevinWenig,ourCEO.WebelievethatthepayratiodisclosedbelowisareasonableestimatecalculatedinamannerconsistentwithItem402(u)ofRegulationS-K.SECrulesforidentifyingthemedianemployeeandcalculatingthepayratioallowcompaniestoapplyvariousmethodologiesandapplyvariousassumptionsand,asresult,thepayratioreportedbyusmaynotbecomparabletothepayratioreportedbyothercompanies.

Tobetterunderstandthisdisclosure,wethinkitisimportanttogivecontexttoouroperations.eBayisaglobalcommerceleaderwithoperationsrequiringawiderangeoftalentsandroles.Asaglobalorganization,westrivetocreateacompetitivecompensationprograminthelocationsweoperate.Asaresult,ourcompensationprogramvariesbylocalmarketinordertoallowustoprovideacompetitivecompensationpackage.

Ratio.For2018,

• Themedianoftheannualtotalcompensationofallofouremployees,otherthanMr.Wenig,was$119,562.

• Mr.Wenig’sannualtotalcompensation,asreportedinthe2018SummaryCompensationTable,was$18,172,166.

• Basedonthisinformation,theratiooftheannualtotalcompensationofMr.Wenigtothemedianoftheannualtotalcompensationofallemployeesisestimatedtobe152to1.

Indeterminingtheannualtotalcompensationofthemedianemployee,wecalculatedsuchemployee’scompensationinaccordancewithItem402(c)(2)(x)ofRegulationS-KasrequiredpursuanttoSECexecutivecompensationdisclosurerules.Thiscalculationisthesamecalculationusedtodeterminetotalcompensationforpurposesofthe2018SummaryCompensationTablewithrespecttoeachoftheNEOs.

IdentificationofMedianEmployee.AspermittedbySECrules,wehaveusedthesamemedianemployeeaswedidinourlastproxystatementbecausewedonotbelievetherehasbeenachangeinouremployeepopulationoremployeecompensationarrangementsthatwouldsignificantlyimpactthepayratiodisclosure.Toidentifyourmedianemployee,weelectedtousetotaltargetdirectcompensationwhichwecalculatedasyear-to-datesalary,targetbonusandtargetannualequityawards.WechosethiscompensationmeasurebecausewebelieveitisthemostaccuratereflectionofpayateBay.Forpurposesofthisdisclosure,weconvertedemployeecompensationfromlocalcurrencytoU.S.dollarsusingtheexchangeratetheCompanyusedfor2018internalbudgetingpurposes.

WeselectedDecember3,2018asthedateonwhichtodetermineourmedianemployee.Asofthatdate,wehadhadapproximately14,100employees,withapproximately7,130employeeslocatedintheUnitedStatesand6,980employeeslocatedoutsideoftheUnitedStates.Thepayratiodisclosurerulesprovideanexemptionforcompaniestoexcludenon-U.S.employeesfromthemedianemployeecalculationifnon-U.S.employeesinaparticularjurisdictionaccountforfivepercent(5%)orlessofthecompany’stotalnumberofemployees.Weappliedthisdeminimisexemptionwhenidentifyingthemedianemployeebyexcluding633employeesin20jurisdictions,assetforthbelow.Aftertakingintoaccountthedeminimisexemption,approximately13,480employees(or95.5%ofthepopulation)wereconsideredforidentifyingthemedianemployee.

Ourcalculationexcludedemployeesfromthefollowinglocations:Argentina(6);Belgium(15);Brazil(7);Chile(2);CzechRepublic(27);France(27);HongKong(43);India(101);Italy(45);Japan(178);Luxembourg(23);Malaysia(42);Mexico(14);RussianFederation(13);Singapore(42);SouthAfrica(6);Sweden(6);Taiwan(10);Thailand(3);andVietnam(23). 92

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Questions and Answers about the Proxy Materials and our 2019 Annual Meeting


Why am I receiving these materials?OurBoardhasmadetheseproxymaterialsavailabletoyouinconnectionwiththeBoard’ssolicitationofproxiesforuseatour2019AnnualMeeting,whichwilltakeplaceonMay30,2019.StockholdersareinvitedtoattendtheAnnualMeetingandarerequestedtovoteontheproposalsdescribedinthisProxyStatement.WemailedtheNoticeofInternetAvailabilityofProxyMaterials(“Notice”)toourstockholdersonoraroundApril19,2019.

What information is contained in these materials?TheinformationincludedinthisProxyStatementrelatestotheproposalstobevotedonattheAnnualMeeting,thevotingprocess,thecompensationofourmosthighlypaidexecutiveofficersandourdirectors,andcertainotherrequiredinformation.Our2018AnnualReport,whichincludesourauditedconsolidatedfinancialstatements,isalsoincludedwiththeseproxymaterials.Ifyoureceivedapapercopyofthesematerials,theproxymaterialsalsoincludedtheaccompanyingproxycardorvotinginstructionformfortheAnnualMeeting.IfyoureceivedtheNoticeinsteadofapapercopyoftheproxymaterials,votinginstructionscanbefoundintheNoticeorbelow.

Why did I receive a notice in the mail regarding the Internet availability of proxy materials instead of a fullset of proxy materials?WearedistributingourproxymaterialstocertainstockholdersovertheInternetunderthe“noticeandaccess”approachinaccordancewithSECrules.Asaresult,wemailedtomanyofourstockholderstheNoticeinsteadofapapercopyoftheproxymaterials.AllstockholdersreceivingtheNoticewillhavetheabilitytoaccesstheproxymaterialsovertheInternetandrequesttoreceiveacopyoftheproxymaterialsbymailoremail.InstructionsonhowtoaccesstheproxymaterialsovertheInternetortorequestapaperoremailcopymaybefoundintheNotice.Inaddition,theNoticecontainsinstructionsonhowyoumayrequestaccesstoproxymaterialsinprintedformbymailoremailonanongoingbasis.

Thisapproachconservesnaturalresourcesandreducesourprintinganddistributioncosts,whileprovidingatimelyandconvenientmethodofaccessingthematerialsandvoting.

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Questions and Answers about the Proxy Materials and our 2019 Annual Meeting What proposals will be voted on at the Annual Meeting? What are the Board’s voting recommendations?ThefollowingchartdescribestheproposalstobeconsideredattheAnnualMeetingandtheBoard’svotingrecommendations.

PROPOSAL THE BOARD’S VOTING

RECOMMENDATION PAGE REFERENCE

(FOR MORE DETAIL) 1.

Electionof15directorsnamedinthisProxyStatement

“FOR”eachnomineenamedinthisProxyStatement 24

2.

Say-on-Pay:AdvisoryVotetoApproveNamedExecutiveOfficerCompensation

“FOR”theapproval,onanadvisorybasis,ofthecompensationofournamedexecutiveofficers 37

3.

RatificationofAppointmentofIndependentAuditors

“FOR”theratificationoftheappointmentofPricewaterhouseCoopersLLPasourindependentauditorsforourfiscalyearendingDecember31,2019 39

4.

ManagementProposaltoAmendSpecialMeetingProvisionsintheCompany’sCertificateofIncorporationandBylaws

“FOR”theapprovalofthisproposal

435.

StockholderProposalRequestingthattheBoardRequireanIndependentChair,ifproperlypresented

“AGAINST”theproposalrequestingtheBoardrequireanindependentchair 45

AtthetimetheNoticewasmailed,ourmanagementandtheBoardwerenotawareofanyothermatterstobepresentedattheAnnualMeetingotherthanthosesetforthinthisProxyStatementandintheNotice.

How many shares are entitled to vote?EachshareofeBaycommonstockoutstandingasofthecloseofbusinessonApril5,2019,therecorddate,isentitledtoonevoteattheAnnualMeeting.AtthecloseofbusinessonApril5,2019,874,816,660sharesofcommonstockwereoutstandingandentitledtovote.YoumayvoteallofthesharesownedbyyouasofthecloseofbusinessontherecorddateofApril5,2019,andyouareentitledtocastonevotepershareofcommonstockheldbyyouontherecorddate.Thesesharesincludesharesthatare(1)heldofrecorddirectlyinyourname,includingsharespurchasedoracquiredthrougheBay’sequityincentiveplansand(2)heldforyouasthebeneficialownerthroughabroker,bank,orothernominee.

What is the difference between holding shares as a stockholder of record and as a beneficial owner?MoststockholdersofeBayholdtheirsharesbeneficiallythroughabroker,bank,orothernomineeratherthandirectlyintheirownname.Therearesomedistinctionsbetweensharesheldofrecordandsharesownedbeneficially,specifically:

• Shares held of record. IfyoursharesareregistereddirectlyinyournamewitheBay’stransferagent,ComputershareShareownerServicesLLC,youareconsideredthestockholderofrecordwithrespecttothoseshares,andtheNoticewassentdirectlytoyoubyeBay.Asastockholderofrecord,youhavetherighttograntyourvotingproxydirectlytoeBayortovoteinpersonattheAnnualMeeting.IfyoudonotwishtograntyourvotingproxydirectlytoeBayortovoteinpersonattheAnnualMeeting,youmaysubmitvotinginstructionsviatheInternetorbytelephonebyfollowingtheinstructionsontheNotice,andasdescribedbelowunder“HowcanIvotemyshareswithoutattendingtheAnnualMeeting?”Ifyourequestedprintedcopiesoftheproxymaterials,eBayhassentyouaproxycardforyoutousetodirecttheproxyholdersregardinghowtovoteyourshares.

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• Shares owned beneficially. Ifyoursharesareheldinabrokerageaccountorbyabroker,bank,orothernominee,youareconsideredthebeneficialownerofsharesheldinstreetname,andtheNoticewasforwardedtoyoubyyourbroker,bank,orothernominee,whichisconsideredthestockholderofrecordwithrespecttothoseshares.Asabeneficialowner,youhavetherighttodirectyourbroker,bank,orothernomineeonhowtovotethesharesinyouraccount,andyouarealsoinvitedtoattendtheAnnualMeeting.However,becauseyouarenotthestockholderofrecord,youmaynotvotethesesharesinpersonattheAnnualMeetingunlessyourequestandreceiveavalidproxyfromyourbroker,bank,orothernominee.IfyoudonotwishtovoteinpersonorwillnotbeattendingtheAnnualMeeting,youmayvotebyproxyasdescribedintheNoticeandbelowunder“HowcanIvotemyshareswithoutattendingtheAnnualMeeting?”Ifyourequestedprintedcopiesoftheproxymaterials,yourbroker,bank,orothernomineehasenclosedavotinginstructionformforyoutousetodirectthebroker,bank,orothernomineeregardinghowtovoteyourshares.Pleaseinstructyourbroker,bank,orothernomineehowtovoteyoursharesusingthevotinginstructionformyoureceivedfromthem.

Can I attend the Annual Meeting?YouareinvitedtoattendtheAnnualMeetingifyouareastockholderofrecordorabeneficialownerasofApril5,2019.Allstockholdersmustbringproofofidentification.Ifyouareastockholderofrecord,yournamewillalsobeverifiedagainstthelistofstockholdersofrecordpriortoadmittancetotheAnnualMeeting.Ifyouholdyoursharesinabrokerageaccountorthroughabroker,bank,orothernominee,youwillneedtoprovideproofofownershipbybringingeitheracopyoftheNoticeprovidedbyyourbrokeroracopyofabrokeragestatementshowingyourshareownershipasofApril5,2019.WhetherornotyouattendtheAnnualMeeting,theeventwillbemadeavailableviawebcastonourinvestorrelationswebsiteathttps://investors.ebayinc.com,andthewebcastwillbearchivedforaperiodof90daysfollowingthedateoftheAnnualMeeting.Sinceseatingmaybelimited,admissiontotheAnnualMeetingwillbeonafirst-come,first-servedbasis.

How can I vote my shares in person at the Annual Meeting?ShareshelddirectlyinyournameasthestockholderofrecordmaybevotedinpersonattheAnnualMeeting.Ifyouchoosetovoteinperson,pleasebringproofofidentification.EvenifyouplantoattendtheAnnualMeeting,eBayrecommendsthatyousubmitaproxyasdescribedintheNoticeandbelowunder“HowcanIvotemyshareswithoutattendingtheAnnualMeeting?”sothatyourvotewillbecountedifyoulaterdecidenottoattendtheAnnualMeeting.Sharesheldinstreetnamethroughabrokerageaccountorbyabroker,bank,orothernomineemaybevotedinpersonbyyouonlyifyouobtainavalidproxyfromyourbroker,bank,orothernomineegivingyoutherighttovotetheshares.

How can I vote my shares without attending the Annual Meeting?Ifyouareastockholderofrecord,youmayvotebyproxy.YoucanvotebyproxyovertheInternetbyfollowingtheinstructionsprovidedintheNotice,or,ifyourequestedtoreceiveprintedproxymaterials,youcanalsovotebytelephoneormailpursuanttoinstructionsprovidedontheproxycard.

Ifyouholdsharesbeneficiallyinstreetname,youmayvotethroughavotinginstructionformovertheInternetbyfollowingtheinstructionsprovidedintheNotice,or,ifyourequestedtoreceiveprintedproxymaterials,youcanalsovotebytelephoneormailbyfollowingthevotinginstructionformprovidedtoyoubyyourbroker,bank,orothernominee.

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Questions and Answers about the Proxy Materials and our 2019 Annual Meeting Can I change my vote or revoke my proxy?Ifyouarethestockholderofrecord,youmaychangeyourproxyinstructionsorrevokeyourproxyatanytimebeforeyourproxyisvotedattheAnnualMeeting.Proxiesmayberevokedbyanyofthefollowingactions:

• filingatimelywrittennoticeofrevocationwithourCorporateSecretaryatourprincipalexecutiveoffice(2025HamiltonAvenue,SanJose,California95125);

• submittinganewproxyatalaterdateviatheInternet,bytelephone,orbymailfollowingtheinstructionsprovidedintheNoticeor,ifrequested,theproxycard;or

• attendingtheAnnualMeetingandvotinginperson(attendanceattheAnnualMeetingwillnot,byitself,revokeaproxy).

Ifyoursharesareheldinabrokerageaccountorbyabroker,bank,orothernominee,youshouldfollowtheinstructionsprovidedbyyourbroker,bank,orothernominee.

Only the latest validly executed proxy that you submit will be counted.

How are votes counted?Youmayvote“FOR,”“AGAINST,”or“ABSTAIN”withrespecttoeachofthedirectornomineesnamedinthisProxyStatement.Ifyouelecttoabstainfromvotingontheelectionofdirectors,theabstentionwillnothaveanyeffectontheelectionofdirectors.Intabulatingthevotingresultsfortheelectionofdirectors,only“FOR”and“AGAINST”votesarecounted.

Youmayvote“FOR,”“AGAINST,”or“ABSTAIN”withrespectto:

• theadvisoryvotetoapprovenamedexecutiveofficerscompensation;

• theratificationoftheappointmentofindependentauditors;

• themanagementproposalregardingspecialmeetingprovisions;and

• thestockholderproposalrequestingthattheBoardrequireanindependentchair.

Ifyouelecttoabstainfromvotingonanyoftheseproposals,theabstentionwillhavethesameeffectasan“AGAINST”votewithrespecttosuchproposal.

Ifyouprovidespecificinstructionswithregardtocertainproposals,yourshareswillbevotedasyouinstructonsuchproposals.Ifnoinstructionsareindicated,theshareswillbevotedasrecommendedbyourBoard.

Who will count the votes?ArepresentativeofBroadridgeFinancialSolutions,Inc.willtabulatethevotesandactastheinspectorofelection.

What is the quorum requirement for the Annual Meeting?ThequorumrequirementforholdingtheAnnualMeetingandtransactingbusinessisamajorityoftheoutstandingsharesentitledtobevotedattheAnnualMeeting.ThesharesmaybepresentinpersonorrepresentedbyproxyattheAnnualMeeting.Abstentionsandbrokernon-votesarecountedaspresentforthepurposeofdeterminingthepresenceofaquorum. 96

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Questions and Answers about the Proxy Materials and our 2019 Annual Meeting What is the voting requirement to approve each of the proposals? What effect will abstentions and brokernon-votes have?ThefollowingchartdescribestheproposalstobeconsideredattheAnnualMeeting,thevoterequiredtoelectdirectorstotheBoardandtoadopteachoftheotherproposals,andthemannerinwhichvoteswillbecounted.Sharesvoted“ABSTAIN”andsharesnotrepresentedatthemeetinghavenoeffectontheelectionofdirectors.

Foreachoftheotherproposals,abstentionshavethesameeffectas“AGAINST”votes.Ifyouareabeneficialholderanddonotprovidespecificvotinginstructionstoyourbroker,theorganizationthatholdsyourshareswillnotbeauthorizedtovoteyourshares,whichwouldresultin“brokernon-votes,”onproposalsotherthantheratificationoftheappointmentofPricewaterhouseCoopersLLPasourindependentauditorsfor2019.Accordingly,weencourageyoutovotepromptly,evenifyouplantoattendtheAnnualMeeting.

PROPOSAL VOTING OPTIONS

VOTE REQUIRED TO ADOPT THE PROPOSAL

EFFECT OF ABSTENTIONS

EFFECT OF BROKER

NON-VOTES*Electionof15directornomineesnamedinthisProxyStatement

For,againstorabstainoneachnominee

Anomineefordirectorwillbeelectedifthevotescastforsuchnomineeexceedthevotescastagainstsuchnominee

Noeffect

Noeffect

Advisoryvotetoapprovenamedexecutiveofficerscompensation

For,againstorabstain

TheaffirmativevoteofamajorityofthesharesofcommonstockrepresentedattheAnnualMeetinginpersonorbyproxyandentitledtovotethereon

Treatedasvotesagainst

Noeffect

Ratificationofappointmentofindependentauditors




Brokershavediscretiontovote

ManagementproposaltoamendspecialmeetingprovisionsintheCompany’scharterandbylaws




Noeffect

Stockholderproposalrequestingthattheboardrequireanindependentchair,ifproperlypresented




Noeffect

* Abrokernon-voteoccurswhensharesheldbyabroker,bank,orothernomineein“streetname”forabeneficialownerarenotvotedwithrespecttoaparticular

proposalbecausethebroker,bank,orothernominee(1)hasnotreceivedvotinginstructionsfromthebeneficialownerand(2)lacksdiscretionaryvotingpowertovotethoseshareswithrespecttothatparticularproposal.

What happens if a nominee who is duly nominated does not receive a majority vote?EachcurrentdirectorwhoisstandingforelectionattheAnnualMeetinghastenderedanirrevocableresignationfromtheBoardthatwillbecomeeffectiveif(1)theelectionisuncontestedand(2)theCorporateGovernanceandNominatingCommitteeoranothercommitteeoftheBoardcomprisedofindependentdirectorsdeterminestoacceptsuchresignationafterthedirectorfailstoreceiveamajorityofvotescast.Thisdeterminationwillbemadewithin90daysoftheAnnualMeeting(subjecttoanadditional90-dayperiodincertaincircumstances)andwillbepubliclyreportedpromptlyafteritismade.

Where can I find the voting results of the Annual Meeting?WewillpublishthevotingresultsinaCurrentReportonForm8-KsubsequenttotheAnnualMeeting.

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Questions and Answers about the Proxy Materials and our 2019 Annual Meeting Who will bear the cost of soliciting votes for the Annual Meeting?eBaywillpaytheentirecostofthesolicitationofproxies.eBayhasretainedtheservicesofD.F.King&Co.,Inc.,aprofessionalproxysolicitationfirm,toaidinthesolicitationofproxies.eBayexpectsthatitwillpayD.F.Kingitscustomaryfees,estimatednottoexceedapproximately$17,500intheaggregate,plusreasonableout-of-pocketexpensesincurredintheprocessofsolicitingproxies.eBayhasagreedtoindemnifyD.F.Kingagainstcertainliabilitiesrelatingtoorarisingoutoftheirengagement.Inaddition,eBaymayreimbursebrokeragefirmsandotherpersonsrepresentingbeneficialownersofsharesfortheirexpensesinforwardingsolicitationmaterialstosuchbeneficialowners.eBaymustalsopaybanks,brokeragehouses,fiduciaries,andcustodiansholdingintheirnamessharesofourcommonstockbeneficiallyownedbyotherscertainfeesassociatedwith:

• forwardingtheNoticetobeneficialowners;

• forwardingprintedproxymaterialstobeneficialownerswhospecificallyrequestthem;and

• obtainingbeneficialowners’votinginstructions.

Solicitationsmayalsobemadebypersonalinterview,mail,telephone,facsimile,email,Twitter,otherelectronicchannelsofcommunication,inparticularLinkedIn,eBay’sinvestorrelationswebsite,othereBay-hostedwebsitesandblogs,orotherwisebydirectors,officers,andotheremployeesofeBay,buteBaywillnotadditionallycompensateitsdirectors,officers,orotheremployeesfortheseservices.

May I propose actions for consideration at next year’s Annual Meeting or nominate individuals to serve asdirectors?Youmaysubmitproposalsforconsiderationatfutureannualstockholdermeetings.Tobeconsideredforinclusionintheproxymaterialsforour2020AnnualMeetingofStockholders,yourproposal(otherthanaproposalfordirectornomination)mustbereceivedbyourCorporateSecretaryatourprincipalexecutiveofficenolaterthanDecember21,2019.

YourproposalmustcomplywiththeproceduresandrequirementssetforthinRule14a-8undertheSecuritiesExchangeActof1934,asamended.Yourproposalshouldbesentviaregistered,certifiedorexpressmailtoourCorporateSecretaryatourprincipalexecutiveoffice(2025HamiltonAvenue,SanJose,California95125);nofacsimilesubmissionswillbeaccepted.

Astockholderproposaloranominationfordirectorthatisreceivedafterthisdatewillnotbeincludedinourproxymaterials,butwillotherwisebeconsideredatthe2020AnnualMeetingofStockholderssolongasitissubmittedtoourCorporateSecretaryatourprincipalexecutiveofficenoearlierthanJanuary31,2020andnolaterthanMarch1,2020andotherwiseinaccordancewithourbylaws.

Ourbylawsalsoprovidethat,undercertaincircumstances,astockholderorgroupofstockholdersmayincludedirectorcandidatesthattheyhavenominatedintheproxymaterialsforourannualmeetings.Theseproxyaccessprovisionsofourbylawsprovide,amongotherthings,thatastockholder,oragroupofupto20stockholders,owning3%ormoreoftheCompany’soutstandingstockcontinuouslyforatleastthreeyears,maynominate,andincludeinourproxymaterialsforanannualmeeting,twoindividualstoserveasdirectorsor20%oftheBoard,whicheverisgreater.Thenominatingstockholderorgroupofstockholdersalsomustdelivertheinformationrequiredby,andeachnomineemustmeetthequalificationsrequiredby,ourbylaws.Requeststoincludestockholder-nominatedcandidatesintheCompany’sproxymaterialsforthe2020AnnualMeetingofStockholdersmustbereceivedbytheCorporateSecretaryattheaboveaddressnoearlierthanJanuary31,2020andnolaterthanMarch1,2020.Weadviseyoutoreviewourbylaws,whichcontaintheseandotherrequirementswithrespecttoadvancenoticeofstockholderproposalsanddirectornominationsandproxyaccessnominations,includingcertaininformationthatmustbeincludedconcerningthestockholderandeachproposalandnominee.Failuretocomplywiththerequirements,proceduresanddeadlinesinourbylawsmayprecludepresentationandconsiderationofthematteror 98

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Questions and Answers about the Proxy Materials and our 2019 Annual Meeting nominationoftheapplicablecandidateforelectionatthe2020AnnualMeetingofStockholders.OurbylawswerefiledwiththeSECasanexhibittoourAnnualReportonForm10-KfortheyearendedDecember31,2018andcanbeviewedbyvisitingourinvestorrelationswebsiteathttps://investors.ebayinc.com/financial-information/annual-reports/default.aspx.YoumayalsoobtainacopybywritingtoourCorporateSecretaryatourprincipalexecutiveoffice(2025HamiltonAvenue,SanJose,California95125).

How can I get electronic access to the Proxy Statement and Annual Report?TheNotice,proxycardorvotinginstructionformwillcontaininstructionsonhowto:

• viewourproxymaterialsfortheAnnualMeetingontheInternetandvoteyourshares;and

• instructustosendourfutureproxymaterialstoyouelectronicallybyemail.

Ourproxymaterialsarealsoavailableonourinvestorrelationswebsiteathttps://investors.ebayinc.com/financial-information/annual-reports/default.aspx.

Youcanchoosetoreceivefutureproxymaterialselectronicallybyvisitingourinvestorrelationswebsiteathttps://investors.ebayinc.com/financial-information/annual-reports/default.aspx.Ifyouchoosetoreceivefutureproxymaterialselectronically,youwillreceiveanemailnextyearwithinstructionscontainingalinktothosematerialsandalinktotheproxyvotingsite.YourchoicetoreceiveproxymaterialselectronicallywillremainineffectuntilyoucontacteBayInvestorRelationsandtellusotherwise.Youmayvisitourinvestorrelationswebsiteathttps://investors.ebayinc.comorcontacteBayInvestorRelationsbymailat2025HamiltonAvenue,SanJose,[email protected](408)376-7493.

OurProxyStatementwillalsobeavailableininteractiveformathttps://iiwisdom.com/ebay-2019.

How do I obtain a paper copy of the proxy materials?Ifyouwouldliketoreceiveapapercopyofourproxymaterials,pleasefollowtheinstructionsincludedintheNotice.

How do I obtain a separate set of proxy materials if I share an address with other stockholders?eBayhasadoptedanSEC-approvedprocedurecalled“householding.”Underthisprocedure,wearedeliveringasinglecopyoftheNoticeand,ifapplicable,theproxymaterialstomultiplestockholderswhoshareanaddress,unlessotherwiserequestedfromoneormoreofthestockholders.Thisprocedurereducestheenvironmentalimpactofourannualmeetings,andreducesourprintingandmailingcosts.Stockholderswhoparticipateinhouseholdingwillcontinuetobeabletoaccessandreceiveseparateproxycards.IfyouresideatsuchanaddressandwishtoreceiveaseparatecopyoftheNoticeand,ifapplicable,theproxymaterials,includingourannualreport,youmaycontacteBayInvestorRelationsbymailat2025HamiltonAvenue,SanJose,[email protected](408)376-7493andwewillpromptlydeliveraseparatecopyoftheNoticeand,ifapplicable,theproxymaterials.YoumayalsocontacteBayInvestorRelationsifyouwouldliketoreceiveseparatecopiesinthefuture,orifyouarereceivingmultiplecopiesofourproxymaterialsandwouldliketoreceiveonlyonecopyinthefuture.Stockholderswhoholdsharesinstreetname(asdescribedabove)maycontacttheirbroker,bank,orothernomineetorequestinformationabouthouseholding.

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Other Matters

Other MattersTheBoardknowsofnoothermatterthatwillbepresentedforconsiderationattheAnnualMeeting.Ifanyothermattersareproperlybroughtbeforethemeeting,thepersonsnamedintheaccompanyingproxyintendtovoteonthosemattersinaccordancewiththeirbestjudgment.

StockholdersareurgedtovoteviatheInternetorbytelephonebyfollowingtheinstructionsintheNoticeor,ifapplicable,theproxycardorvotinginstructionform.

ByOrderoftheBoardofDirectors

MarieOhHuberSecretary

April19,2019

Copies of this Proxy Statement and our annual report for the year ended December 31, 2018 are available by visiting our investorrelations website at https://investors.ebayinc.com/financial-information/annual-reports/default.aspx . This Proxy Statement will alsobe available in interactive form at https://iiwisdom.com/ebay-2019 .You may also obtain copies free of charge by contacting investor relations by mail at 2025 Hamilton Avenue, San Jose, California95125. 100

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Appendix A | SpecialMeetingProvisions–Charter

Appendix ASpecial Meeting Provisions – Charter

ARTICLE VI

…

E.SubjecttothetermsofanyclassorseriesofPreferredStockandexceptasrequiredbylaw,specialmeetingsofthestockholdersofthecorporationmaybecalledonlyby:(i)theBoardofDirectorspursuanttoaresolutionadoptedbyamajorityofthetotalnumberofauthorizeddirectors(whetherornotthereexistanyvacanciesinpreviouslyauthorizeddirectorshipsatthetimeanysuchresolutionispresentedtotheBoardforadoption);(ii)theChairmanoftheBoard;(iii)theChiefExecutiveOfficer;or(iv)theSecretaryofthecorporationuponthewrittenrequestofoneormorestockholdersofrecordofthecorporationthattogetherhavecontinuouslyheld,fortheirownaccountoronbehalfofothers,beneficialownershipofatleastatwenty-fivepercent(2520%)“netlongposition”oftheoutstandingcommonstockofthecorporationforatleast30dayspriortothedateofsuchrequestandwhohavedeliveredsuchrequestsinaccordancewithandsubjecttotheproceduresandconditionsandanyotherprovisionssetforthinthebylawsofthecorporation(asamendedfromtimetotime),includinganylimitationssetforthinthebylawsofthecorporationontheabilitytomakesucharequestforsuchaspecialmeetingandanyprovisionsastothedeterminationandcalculationofsuchtwenty-fivepercent(2520%)“netlongposition”forsuch30dayperiod.

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Appendix B | SpecialMeetingProvisions–Bylaws

Appendix BSpecial Meeting Provisions – Bylaws

Article I

…

Section1.3:SpecialMeetings.

(a)General.Specialmeetingsofthestockholders,foranypurposeorpurposesdescribedinthenoticeofthemeeting,maybecalledby(i)theBoardofDirectorspursuanttoaresolutionadoptedbyamajorityofthetotalnumberofauthorizeddirectors(whetherornotthereexistanyvacanciesinpreviouslyauthorizeddirectorshipsatthetimeanysuchresolutionispresentedtotheBoardofDirectorsforadoption),(ii)theChairmanoftheBoardor(iii)theChiefExecutiveOfficeroftheCorporation,andshallbeheldatsuchplace,ifany,onsuchdate,andatsuchtimeastheyshallfix.SubjecttotheprovisionsofSection1.3(b)andotherapplicableprovisionsofthesebylaws,aspecialmeetingofstockholdersshallbecalledbytheSecretaryoftheCorporationuponthewrittenrequest(a“StockholderRequestedSpecialMeeting”)ofoneormorestockholdersofrecordoftheCorporationthattogetherhavecontinuouslyheld,fortheirownaccountoronbehalfofothers,beneficialownershipofatleastatwenty-fivepercent(2520%)aggregate“netlongposition”oftheoutstandingcommonstockoftheCorporation(the“RequisitePercent”)foratleastthirty(30)daysasofthedatesuchrequestisdeliveredtotheCorporation.ForpurposesofdeterminingtheRequisitePercent,“netlongposition”shallbedeterminedwithrespecttoeachrequestingholderinaccordancewiththedefinitionthereofsetforthinRule14e-4undertheSecuritiesExchangeActof1934,asamended,andtherulesandregulationsthereunder(assoamendedandinclusiveofsuchrulesandregulations,the“ExchangeAct”);providedthat(x)forpurposesofsuchdefinition,(A)“thedatethatatenderofferisfirstpubliclyannouncedorotherwisemadeknownbythebiddertotheholdersofthesecuritytobeacquired”shallbethedateoftherelevantSpecialMeetingRequest,(B)the“highesttenderofferpriceorstatedamountoftheconsiderationofferedforthesubjectsecurity”shallrefertotheclosingsalespriceoftheCorporation’scommonstockontheNASDAQGlobalSelectMarket(oranysuccessorthereto)onsuchdate(or,ifsuchdateisnotatradingday,thenextsucceedingtradingday),(C)the“personwhosesecuritiesarethesubjectoftheoffer”shallrefertotheCorporation,and(D)a“subjectsecurity”shallrefertotheoutstandingcommonstockoftheCorporation;and(y)thenetlongpositionofsuchholdershallbereducedbythenumberofsharesofcommonstockoftheCorporationastowhichsuchholderdoesnot,orwillnot,havetherighttovoteordirectthevoteatthespecialmeetingorastowhichsuchholderhasenteredintoanyderivativeorotheragreement,arrangementorunderstandingthathedgesortransfers,inwholeorinpart,directlyorindirectly,anyoftheeconomicconsequencesofownershipofsuchshares.WhethertherequestingholdershavecompliedwiththerequirementsofthisArticleIandrelatedprovisionsoftheBylawsshallbedeterminedingoodfaithbytheBoardofDirectors,whichdeterminationshallbeconclusiveandbindingontheCorporationandthestockholders.

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VOTE BY INTERNET—www.proxyvote.com Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time on May 29, 2019. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form. 2025 HAMILTON AVENUE SAN JOSE, CA 95125 ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years. VOTE BY PHONE—1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions up until 11:59 P.M. Eastern Time on May 29, 2019. Have your proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. All proxy cards will be accepted up until 11:59 P.M. Eastern Time on May 29, 2019. TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: E73690-P21493 KEEP THIS PORTION FOR YOUR RECORDS THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. DETACH AND RETURN THIS PORTION ONLY EBAY INC. The Board of Directors recommends that you vote “FOR” each of the Board of Directors’ nominees below: Proposal 1—Election of 15 director nominees named in the proxy statement. For Against Abstain Nominees: 1a. Fred D. Anderson Jr. ! ! ! For Against Abstain 1b. Anthony J. Bates ! ! ! 1n. Perry M. Traquina ! ! ! 1c. Adriane M. Brown! ! ! 1o. Devin N. Wenig ! ! ! 1d. Jesse A. Cohn ! ! ! The Board of Directors recommends you vote “FOR” proposal 2 below: 1e. Diana Farrell ! ! ! Proposal 2—Advisory vote to approve named executive ! ! ! officer compensation. 1f. Logan D. Green ! ! ! The Board of Directors recommends you vote “FOR” proposal 3 below: 1g. Bonnie S. Hammer ! ! ! Proposal 3—Ratification of appointment of independent auditors. ! ! ! 1h. Kathleen C. Mitic ! ! ! The Board of Directors recommends you vote “FOR” proposal 4 Proposal below: 4—Management proposal to amend special meeting 1i. Matthew J. Murphy ! ! ! provisions in the Company’s certificate of incorporation ! ! ! and bylaws. 1j. Pierre M. Omidyar ! ! ! The Board of Directors recommends you vote “AGAINST” For Against Abstain proposal 5 below: 1k. Paul S. Pressler ! ! ! Proposal 5— Stockholder proposal requesting that the Board require ! ! ! an independent chair. 1l. Robert H. Swan ! ! ! ! ! ! 1m. Thomas J. Tierney ! ! ! Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, NOTE: Such other business as may properly come before the meeting or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must or any continuation or adjournment thereof. If this proxy is signed and sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer. returned, it will be voted in accordance with your instructions. Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date , if properly presented charter

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Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Notice and Proxy Statement and Annual Report are available at www.proxyvote.com. E73691-P21493 eBay Inc. PROXY SOLICITED BY THE BOARD OF DIRECTORS NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 30, 2019 The undersigned hereby appoints DEVIN N. WENIG, SCOTT F. SCHENKEL and MARIE OH HUBER, and each of them, as attorneys and proxies of the undersigned, with full power of substitution, to vote all shares of stock of eBay Inc. that the undersigned may be entitled to vote at the Annual Meeting of Stockholders of eBay Inc., a Delaware corporation, to be held on Thursday, May 30, 2019, at 8:00 a.m., Pacific Time, at 2025 Hamilton Avenue, San Jose, CA 95125, for the purposes listed on the reverse side and at any and all continuation(s) and adjournment(s) of that meeting, with all powers that the undersigned would possess if personally present, upon and in respect to the instructions indicated on the reverse side, with discretionary authority as to any and all other matters that may properly come before the meeting. THIS PROXY WILL BE VOTED AS SPECIFIED, OR IF NO CHOICE IS SPECIFIED: FOR THE ELECTION OF EACH OF THE DIRECTOR NOMINEES NAMED IN THE PROXY STATEMENT, FOR PROPOSALS 2, 3 AND 4, AND AGAINST PROPOSAL 5, AND AS SAID PROXIES DEEM ADVISABLE ON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY CONTINUATION(S) AND ADJOURNMENT(S) THEREOF. PLEASE VOTE, SIGN, DATE AND PROMPTLY RETURN THIS PROXY IN THE ENCLOSED RETURN ENVELOPE THAT IS POSTAGE PREPAID IF MAILED IN THE UNITED STATES. Continued and to be signed on reverse side

Documents

(3)...5, 2019 How to Vote YOUR VOTE IS IMPORTANT. You are eligible to vote if you were a stockholder at the close of business on April 5, 2019 (the “Record Date”). Even if you