StubHub Holdings, Inc. announced on October 16, 2026, that the Board of Directors has appointed Andrew Raab to fill an existing vacancy. Mr. Raab will serve as a director effective immediately, with his term set to expire at the Company’s 2027 annual meeting of stockholders. The filing states that Mr. Raab is not expected to serve on any Board committees.
Mr. Raab brings extensive experience in capital markets and investment. He is the Co-Founder of the investment firm FPR Partners. Prior to founding the firm in 2003, he served as a Principal at Hellman and Friedman, an Associate at Bain Capital, and an Analyst at Donaldson, Lufkin and Jenrette. He holds an MBA from the Stanford Graduate School of Business and a BA in Political Science and Economics from the University of Michigan.
In addition to his Board role, StubHub entered into a consulting agreement with Mr. Raab on March 27, 2026. Under this agreement, he will provide advisory and consulting services to the Company for a three-year term. As compensation for these services, Mr. Raab was granted restricted stock units with a grant date fair value of $200,000. These RSUs vested immediately on the Effective Date for 50% of the total grant, with the remaining 50% vesting in equal installments of 1/24th on each quarterly anniversary beginning July 1, 2026.
The Company also disclosed a prior financial transaction with Mr. Raab. On August 15, 2025, he purchased 2,000 shares of Series O redeemable preferred stock at $1,000 per share for gross proceeds of approximately $2.0 million. These shares automatically converted into 93,617 shares of Class A common stock on March 17, 2026. Mr. Raab will receive compensation in accordance with the Company’s standard non-employee director compensation program, and the Company will enter into its standard indemnification agreement with him.
