PayPal (NASDAQ: PYPL) EVP Keller reports RSU vesting and share sale

Rhea-AI Filing Summary

PayPal Holdings executive Frank Keller reported routine equity compensation activity. On January 15, 2026, restricted stock units vested, delivering 1,639 shares of PayPal common stock to him at an exercise price of $0.0. After this vesting, he held 55,793 shares of common stock directly.

To cover tax withholding on the vesting, 748 shares of common stock were withheld and disposed of at a price of $57.66 per share, leaving Keller with 55,045 shares of PayPal common stock owned directly. The derivative table shows that following this transaction, he also held 8,195 restricted stock units, each representing a contingent right to receive one share of PayPal common stock under a three-year vesting schedule.

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

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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 CA 95131

(City) (State) (Zip)

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)
	EVP, GM, Large Ent & Mer Plat.

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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

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

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

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	01/15/2026		M		1,639	A	$0.0	55,793	D
Common Stock	01/15/2026		F		748(1)	D	$57.66	55,045	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 -8	(2)	01/15/2026		M			1,639	(3)	(4)	Common Stock	1,639	$0.0	8,195	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 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.

4. Not applicable.

	By: Brian Yamasaki For: Frank Keller	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Frank Keller report for PYPL on this Form 4?

Frank Keller, an officer of PayPal Holdings, Inc., reported the vesting of restricted stock units that delivered 1,639 shares of PayPal common stock on January 15, 2026, along with share withholding to cover related taxes.

How many PayPal shares did Frank Keller acquire and at what price?

He acquired 1,639 shares of PayPal common stock in connection with the vesting of restricted stock units at an exercise price of $0.0 per share, reflecting stock delivered under an equity award rather than an open-market purchase.

How many PayPal shares were withheld for taxes and at what price?

748 shares of PayPal common stock were withheld to satisfy tax withholding obligations related to the vesting, and these shares were disposed of at a price of $57.66 per share.

How many PayPal shares does Frank Keller own after these transactions?

Following the reported transactions, Frank Keller directly owned 55,045 shares of PayPal common stock, as shown in the non-derivative securities table.

What is the status of Frank Keller’s remaining restricted stock units in PYPL?

After the vesting event, he held 8,195 restricted stock units, each representing a contingent right to receive one share of PayPal common stock under a three-year vesting schedule described in the footnotes.

What is Frank Keller’s role at PayPal Holdings, Inc.?

Frank Keller is reported as an officer of PayPal Holdings, Inc., holding the title EVP, GM, Large Ent & Mer Plat., and he is not listed as a director or 10% owner.