Jonathan Auerbach - 01 Mar 2023 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
01 Mar 2023
Net transactions value
-$2,489,137
Form type
4
Filing time
03 Mar 2023, 16:39:57 UTC
Previous filing
21 Dec 2022
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Award $0 +43,345 +42% $0.000000 146,049 01 Mar 2023 Direct F1
transaction PYPL Common Stock Tax liability $1,441,114 -19,522 -13% $73.82 126,527 01 Mar 2023 Direct F2
transaction PYPL Common Stock Options Exercise $0 +9,964 +7.9% $0.000000 136,491 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +6,346 +4.6% $0.000000 142,837 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +12,278 +8.6% $0.000000 155,115 01 Mar 2023 Direct
transaction PYPL Common Stock Tax liability $1,048,023 -14,197 -9.2% $73.82 140,918 01 Mar 2023 Direct F3

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 Restricted Stock Units - 11 Award $0 +44,342 $0.000000 44,342 01 Mar 2023 Common Stock 44,342 Direct F4, F5, F6
transaction PYPL Restricted Stock Units -10 Options Exercise $0 -12,278 -33% $0.000000 24,554 01 Mar 2023 Common Stock 12,278 Direct F4, F5, F6
transaction PYPL Restricted Stock Units -8 Options Exercise $0 -9,964 -100% $0.000000* 0 01 Mar 2023 Common Stock 9,964 Direct F4, F6, F7
transaction PYPL Restricted Stock Units -9 Options Exercise $0 -6,346 -50% $0.000000 6,346 01 Mar 2023 Common Stock 6,346 Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2020-2022 performance period, which were vested as shares of common stock on 3/1/2023.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2023.
F3 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F4 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F5 The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
F6 Not applicable.
F7 The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.