WestCap Management, LLC - 16 Sep 2025 Form 3 Insider Report for StubHub Holdings, Inc. (STUB)

Role
10%+ Owner
Signature
WestCap Management, LLC, By: Laurence A. Tosi, its Managing Member /s/ Laurence A. Tosi
Issuer symbol
STUB
Transactions as of
16 Sep 2025
Net transactions value
$0
Form type
3
Filing time
16 Sep 2025, 21:44:42 UTC
Next filing
21 Jan 2026
SEC
View on sec.gov

Reporting Owners (4)

Name Relationship Address Signature Signature date CIK
WestCap Management, LLC 10%+ Owner 590 PACIFIC AVENUE, SAN FRANCISCO WestCap Management, LLC, By: Laurence A. Tosi, its Managing Member /s/ Laurence A. Tosi 16 Sep 2025 0001838470
Tosi Laurence A 10%+ Owner 590 PACIFIC AVE., SAN FRANCISCO Laurence A. Tosi /s/ Laurence A. Tosi 16 Sep 2025 0001307496
WestCap Stub Holdco 2024, LLC 10%+ Owner 590 PACIFIC AVENUE, SAN FRANCISCO WestCap Stub Holdco 2024, LLC, By: WestCap Management, LLC, its Manager, By: Laurence A. Tosi, its Managing Member /s/ Laurence A. Tosi 16 Sep 2025 0002084496
WestCap StubHub Opportunity Fund Preferred, LLC WestCap StubHub holds the shares of Series O Preferred Stock reported herein. 590 PACIFIC AVE, SAN FRANCISCO WestCap StubHub Opportunity Fund Preferred, LLC, By: WestCap Management, LLC, its Manager, By: Laurence A. Tosi, its Managing Member /s/ Laurence A. Tosi 16 Sep 2025 0002084123

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STUB Class A Common Stock 30,348,075 16 Sep 2025 See footnotes F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding STUB Series I Preferred Stock, par value $0.001 per share 16 Sep 2025 Class A Common Stock See footnotes F1, F3, F4, F5
holding STUB Series O Preferred Stock, par value $0.001 per share 16 Sep 2025 Class A Common Stock See footnotes F2, F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported on this line are held directly by WestCap Stub Holdco 2024, LLC ("WestCap Stub").
F2 The securities reported on this line are held directly by WestCap StubHub Opportunity Fund Preferred, LLC ("WestCap StubHub").
F3 WestCap Management, LLC ("WestCap") is the managing member of WestCap Stub and WestCap StubHub. Laurence A. Tosi may be deemed to hold voting and investment control over the shares held by WestCap Stub and WestCap StubHub. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.
F4 WestCap Stub holds 20,000 shares of Series I Preferred Stock. The Series I Preferred Stock shall automatically convert into Class A Common Stock, par value $0.001 per share ("Class A Common Stock") on the date of pricing of the issuer's initial public offering at a price equal to 90% of the initial public offering price.
F5 The Series I Preferred Stock has no stated maturity.
F6 WestCap StubHub holds 133,670 shares of Series O Preferred Stock. The Series O Preferred Stock shall automatically convert into Class A Common Stock on the date that is 180 days after the closing of the issuer's initial public offering at a price equal to the initial public offering price.
F7 The Series O Preferred Stock has no stated maturity.

Remarks:

WestCap StubHub holds the shares of Series O Preferred Stock reported herein.