Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Baker Eric Howard 2. Issuer Name and Ticker or Trading Symbol StubHub Holdings, Inc. [STUB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks (Last) (First) (Middle) C/O STUBHUB HOLDINGS, INC., 175 GREENWICH STREET, 59TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 01/12/2026 (Street) NEW YORK, NY 10007 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock

(1)

01/12/2026

G(2)

621,673

(1)

(1)

Class A Common Stock

621,673

$ 0

2,462,764(3)

I

Held by family trusts

Class B Common Stock

(1)

01/12/2026

G(2)

V

621,673

(1)

(1)

Class A Common Stock

621,673

$ 0

2,462,764(3)

I

Held by family trusts

Class B Common Stock

(1)

(1)

(1)

Class A Common Stock

22,287,236

22,287,236(3)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Baker Eric Howard C/O STUBHUB HOLDINGS, INC. 175 GREENWICH STREET, 59TH FLOOR NEW YORK, NY 10007	X	X	See Remarks

Signatures

/s/ Elizabeth Lynch, as Attorney-in-Fact for Eric H. Baker		01/14/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Class B Common Stock will automatically convert into one share of Class A common stock of the Issuer (i) at the option of the holder, (ii) on the date and time specified by the affirmative vote of the holders of a majority of the outstanding shares of Class B common stock and (iii) upon any transfer of Class B common stock, except with respect to certain permitted transfers. The Class B common stock has no expiration date.
(2)	Represents a distribution by one family trust to another family trust for no consideration.
(3)	Reflects a transfer of 218,556 shares of Class B Common Stock to the Reporting Person, which was exempt from reporting pursuant to Rule 16a-13.
Remarks: Founder, Chairman and Chief Executive Officer

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