Jonathan Auerbach - 16 Dec 2022 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
Chief Strat., Gr. & Data Ofc.
Signature
By: BRIAN YAMASAKI For: JONATHAN AUERBACH
Issuer symbol
PYPL
Transactions as of
16 Dec 2022
Net transactions value
-$55,339
Form type
4
Filing time
19 Dec 2022, 19:45:29 UTC
Previous filing
04 Oct 2022
Next filing
21 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Options Exercise $0 +1,602 +1.6% $0.000000 103,503 16 Dec 2022 Direct F1
transaction PYPL Common Stock Tax liability $55,339 -799 -0.77% $69.26 102,704 16 Dec 2022 Direct F2

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
transaction PYPL Performance Stock Units Options Exercise $0 -1,602 -100% $0.000000* 0 16 Dec 2022 Common Stock 1,602 $0.000000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units were earned upon the completion of the acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay) on December 19, 2019. The other one-half of the performance stock units were earned upon, the completion of the acquisition of Honey Sciences Corporation on January 3, 2020. The performance stock units will vest ratably on the first, second and third anniversaries of the December 16, 2019 grant date.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock.