GameStop Corp. Increases Economic Exposure in eBay Inc. to 6.55% via Derivatives

On May 19, 2026, GameStop Corp. filed Amendment No. 1 to its Schedule 13D regarding its investment in eBay Inc. While GameStop continues to hold 25,000 shares of common stock directly (representing approximately 0.01% of the class), it has significantly increased its economic exposure through additional Put/Call Pairs. As of May 15, 2026, GameStop has acquired economic exposure to an additional 29,078,699 shares through these derivative instruments with The Toronto-Dominion Bank, bringing its total potential stake to approximately 6.55% of eBay's outstanding shares. The Put/Call Pairs are currently cash-settled only. Physical settlement, which would grant GameStop voting and dispositive power over the underlying shares, is contingent upon the satisfaction of the Hart-Scott-Rodino (HSR) Act Condition. GameStop paid a total net premium of approximately $7.01 million from its working capital for these pairs. The reporting person currently disclaims beneficial ownership of the shares underlying the derivatives until the HSR condition is met.