StubHub Holdings, Inc. appointed Andrew Raab to its Board of Directors on October 16, 2026, filling a vacancy effective immediately. The appointment raises questions about the depth of the company's capital markets expertise following a recent period of equity issuance and executive transitions. Raab will serve until the 2027 annual meeting of stockholders and is not expected to join any board committees.
The filing identifies Raab as the Co-Founder of FPR Partners, an investment firm he established in 2003. Prior to that venture, Raab served as a Principal at Hellman and Friedman, an Associate at Bain Capital, and an Analyst at Donaldson, Lufkin and Jenrette. His academic background includes an MBA from the Stanford Graduate School of Business and a BA in Political Science and Economics from the University of Michigan, where he graduated magna cum laude.
Raab is not new to StubHub's cap table. On August 15, 2025, he entered into a Series O redeemable preferred stock purchase agreement with the company. Under that deal, Raab purchased 2,000 shares of Series O redeemable preferred stock at $1,000 per share, generating approximately $2.0 million in gross proceeds for StubHub. On March 17, 2026, those preferred shares automatically converted into 93,617 shares of Class A common stock.
Beyond his board seat, Raab has a concurrent commercial relationship with StubHub. On March 27, 2026, the company entered into a three-year consulting agreement with him for advisory services. As part of this arrangement, Raab received restricted stock units with an aggregate grant date fair value of $200,000. Half of these units vested immediately on the effective date of the agreement. The remaining units vest in equal monthly increments on quarterly anniversaries starting July 1, 2026.
StubHub stated that Raab will receive compensation under its standard non-employee director program, which is detailed in the company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5, 2026. The company also entered into a standard indemnification agreement with Raab. The filing noted that there are no other arrangements or understandings regarding his selection as a director, aside from the transactions described.
Mark Streams, Executive Vice Chairman and Chief Legal Officer at StubHub, signed the Form 8-K current report on October 20, 2026. The filing was submitted to the U.S. Securities and Exchange Commission in Washington, D.C., disclosing the appointment and related compensatory arrangements.