James Alexander Chriss - 15 Oct 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Signature
By: Brian Yamasaki For: James Alexander Chriss
Issuer symbol
PYPL
Transactions as of
15 Oct 2023
Transactions value $
$0
Form type
4
Filing time
17 Oct 2023, 20:46:53 UTC
Previous filing
27 Sep 2023
Next filing
16 Feb 2024

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 -1 Award $0 +279K $0.00 279K 15 Oct 2023 Common Stock 279K Direct F1, F2, F3
transaction PYPL Restricted Stock Units -2 Award $0 +167K $0.00 167K 15 Oct 2023 Common Stock 167K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F2 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.
F3 Not applicable.
F4 The reporting person received a restricted stock unit grant subject to a two-year vesting schedule, vesting 1/2 on the first-year anniversary of the grant date of the restricted stock unit award, and the remaining 1/2 vesting on the second-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.