If you’re looking for an inexpensive and easy solution that requires no modding the M500, I found something that will work.
I had previously bought this 2.5mm to 3.5mm adapter, hoping it would fit (but it didn’t). They run about $1 each.
However, I discovered that the black body is just rubber, and can be
carefully trimmed off to reveal the actual plug ‘guts’ underneath.
These guts are literally the exact size needed to fit the stock headphone!
The only caveat is that they are somewhat fragile. They appear to be able to stand up to normal use, but if you’re overly rough with them or put a lot or stress on them they could break apart. However, if I break one who cares, as they only cost $1 each and take 30 seconds to remove the rubber covering. So I figure if I can get a few months of use out of an adapter it’s worth it.
Here it is after adding a small piece of heat shrink tubing. Hopefully, it will provide an extra layer of reinforcement.
Also, the adapters are 4 pole, meaning that they’ll work with a balanced aux cable assuming the 3.5 cable has the correct pinouts. A custom 3.5mm balanced cable may need to be constructed to ensure the balanced pins are mapped properly. But a custom balanced cable would be a small price to pay for such an easy and inexpensive adapter solution.
If you look around, some sellers sell the adapters in qty of 1, 3, 5, or even 10. I recommend buying at least a 3 pack ($3.xx), which will allow you to ‘practice’ removing the black rubber without causing any damage to the underlying plug. That way, if you damage 1 adapter while learning, you’ll still have 2 left. I was able to relive my rubber body with no damage to the guts, but YMMV.
Anyways, if you wanna give the adapters a try, search Aliexpress for the terms “2.5mm right angle”, and you’ll find them. I’m sure they’re also available on Amazon, eBay, etc.