WestCap Management Reduces Stake in StubHub Holdings to 3.77%

On April 8, 2026, WestCap Management, LLC filed an amended Schedule 13G (Amendment No. 2) regarding its holdings in StubHub Holdings, Inc. (STUB). The filing reveals a significant reduction in beneficial ownership by the reporting persons, including WestCap Management, WestCap Stub Holdco 2024, LLC, WestCap StubHub Opportunity Fund Preferred, LLC, and Laurence A. Tosi. As of the event date of March 31, 2026, the aggregate beneficial ownership decreased to 12,499,017 shares of Class A Common Stock, representing 3.77% of the company. This is a substantial decline from the previously reported 37,991,583 shares and 11.62% ownership stake. Specifically, WestCap Stub Holdco 2024, LLC holds 12,201,587 shares, while WestCap StubHub Opportunity Fund Preferred, LLC holds 297,430 shares. Because the ownership level has fallen below the 5% threshold, the reporting persons have indicated that they have ceased to be beneficial owners of more than five percent of the class of securities. The shares are held for investment purposes and not for the purpose of changing or influencing control of the issuer.