PayPal officer gets 3,418 and 6,903 shares on vesting

A PayPal executive had RSU awards vest into common stock, with a portion of shares withheld to cover tax obligations.

Rhea-AI Filing Summary

PayPal Holdings, Inc. (PYPL) reported that executive Frank Keller, President, Checkout Solutions & PayPal, had restricted stock units vest on September 1, 2026, converting into 3,418 and 6,903 shares of common stock, respectively. Of these shares, 5,709 were withheld at $52.665 per share to satisfy tax withholding obligations. These transactions reflect equity award vesting, not open-market buying or selling, and no Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

10,321 shares exercised/converted

Exercise 5 txns

Insider Keller Frank

Role Pres., Checkout Sol. & Paypal

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units -7 F2, F3, F4	3,418	$0.00	$0.00
Exercise	Restricted Stock Units -9 F2, F5, F4	6,903	$0.00	$0.00
Exercise	Common Stock	3,418	$0.00	$0.00
Exercise	Common Stock	6,903	$0.00	$0.00
Tax Withholding	Common Stock F1	5,709	$52.665	$301K

Holdings After Transaction: Restricted Stock Units -7 — 6,836 contracts (Direct); Restricted Stock Units -9 — 41,412 contracts (Direct); Common Stock — 46,179 shares (Direct)

Footnotes (5)

1. 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.
2. F2. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
3. F3. The reporting person received a restricted stock unit grant on March 1, 2024, 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, 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.
4. F4. Not applicable.
5. F5. The reporting person received a restricted stock unit grant on March 1, 2025, 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, 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.

Key Figures

RSUs converted into common stock (grant 1): 3,418 shares RSUs converted into common stock (grant 2): 6,903 shares Shares withheld for taxes: 5,709 shares +3 more

6 metrics

RSUs converted into common stock (grant 1) 3,418 shares Restricted Stock Units -7 converted into PayPal common stock on September 1, 2026

RSUs converted into common stock (grant 2) 6,903 shares Restricted Stock Units -9 converted into PayPal common stock on September 1, 2026

Shares withheld for taxes 5,709 shares Common stock withheld to satisfy tax withholding obligations upon RSU vesting

Per-share value for tax withholding $52.665 per share Applied to 5,709 withheld shares of PayPal common stock

Derivative RSUs remaining (grant 1) 6,836 units Restricted Stock Units -7 remaining after the September 1, 2026 transaction

Derivative RSUs remaining (grant 2) 41,412 units Restricted Stock Units -9 remaining after the September 1, 2026 transaction

Key Terms

restricted stock unit, tax withholding obligations, Rule 10b5-1

3 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right to receive one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax withholding obligations financial

"shares withheld to satisfy tax withholding obligations in connection with the vesting"

Rule 10b5-1 regulatory

"document-level Rule 10b5-1 checkbox indicates plan status for the transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did PYPL executive Frank Keller report on September 1, 2026?

Frank Keller reported RSU vesting and related share withholding. Restricted stock units converted into 3,418 and 6,903 shares of PayPal common stock. Separately, 5,709 shares were withheld to cover tax withholding obligations associated with this vesting.

How many PayPal (PYPL) shares vested for Frank Keller in this Form 4?

Two RSU grants vested into 3,418 and 6,903 shares of common stock. Each restricted stock unit represents a contingent right to receive one share of PayPal common stock, which is delivered upon vesting according to the grants’ three-year vesting schedules.

How many PYPL shares were withheld for taxes in Frank Keller’s Form 4?

5,709 shares were withheld of PayPal common stock. The filing states these shares were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person.

At what price were the tax-withholding PYPL shares valued in the Form 4?

The withheld shares were valued at $52.665 per share. This per-share amount applies to 5,709 shares of PayPal common stock that were delivered or withheld to satisfy tax withholding obligations related to the RSU vesting.

Were Frank Keller’s PYPL transactions made under a Rule 10b5-1 plan?

No Rule 10b5-1 trading plan is indicated. The document-level checkbox for Rule 10b5-1 is not marked as affirmative, and the footnotes do not state that these transactions were executed pursuant to a pre-arranged trading plan.

What is Frank Keller’s role at PayPal (PYPL) in this Form 4?

Frank Keller is identified as an officer of PayPal Holdings, Inc. His title in the filing is "Pres., Checkout Sol. & Paypal," indicating he serves as President, Checkout Solutions & PayPal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/03/2026 - 07:41 PM EDT Accepted by SEC EDGAR 09/03/2026 - 07:40 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Keller Frank

(Last) (First) (Middle)

C/O PAYPAL HOLDINGS, INC.

2211 NORTH FIRST STREET

(Street)

SAN JOSE CALIFORNIA 95131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PayPal Holdings, Inc. [ PYPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres., Checkout Sol. & Paypal

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/01/2026		M		3,418	A	$0.0	44,985	D
Common Stock	09/01/2026		M		6,903	A	$0.0	51,888	D
Common Stock	09/01/2026		F		5,709(1)	D	$52.665	46,179	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units -7	(2)	09/01/2026		M			3,418	(3)	(4)	Common Stock	3,418	$0.0	6,836	D
Restricted Stock Units -9	(2)	09/01/2026		M			6,903	(5)	(4)	Common Stock	6,903	$0.0	41,412	D

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person.

2. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.

3. The reporting person received a restricted stock unit grant on March 1, 2024, 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, 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.

4. Not applicable.

5. The reporting person received a restricted stock unit grant on March 1, 2025, 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, 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.

	By: Peter Kraus For: Frank Keller	09/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)