Frank Keller - Apr 15, 2025 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
EVP, GM, Lg Ent & Mer Plat.
Signature
By: Brian Yamasaki For: Frank Keller
Stock symbol
PYPL
Transactions as of
Apr 15, 2025
Transactions value $
-$688,270
Form type
4
Date filed
4/16/2025, 08:25 PM
Previous filing
Mar 4, 2025
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 +13.4K +37.31% $0.00 49.4K Apr 15, 2025 Direct
transaction PYPL Common Stock Options Exercise $0 +6.56K +13.27% $0.00 56K Apr 15, 2025 Direct
transaction PYPL Common Stock Tax liability -$688K -11.1K -19.74% $62.27 44.9K Apr 15, 2025 Direct F1

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 -6 Options Exercise $0 -13.4K -100% $0.00 0 Apr 15, 2025 Common Stock 13.4K Direct F2, F3, F4
transaction PYPL Restricted Stock Units -8 Options Exercise $0 -6.56K -33.34% $0.00 13.1K Apr 15, 2025 Common Stock 6.56K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F2 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F3 The reporting person received a restricted stock unit grant subject to a two-year cliff vesting schedule, vesting fully on the two-year anniversary of the grant date of the restricted stock unit award. 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.
F4 Not applicable.
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.