[Form 4] PayPal Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

PayPal Holdings, Inc. (PYPL) filed a Form 4 on 1-Aug-2025 disclosing that EVP & GM, Consumer Group, Diego Scotti sold common stock under a pre-arranged Rule 10b5-1 plan adopted 7-Mar-2025.

• 3,269 shares sold on 31-Jul-2025 at a weighted-average price of $69.0083 (price range $68.51-$69.44).
• 569 additional shares sold the same day at a weighted-average price of $69.7656 (price range $69.57-$69.91).
• Total shares sold: 3,838.
• Shares still owned: 16,989 directly.
• No derivative transactions or option exercises reported.

The transactions appear routine and were executed automatically, limiting the informational value for near-term fundamentals, but ongoing insider activity remains a sentiment datapoint for investors.

Positive

• Sale executed under Rule 10b5-1 plan, indicating pre-scheduled, non-opportunistic trading.
• Executive retains 16,989 shares, maintaining equity stake and alignment with shareholders.

Negative

• 3,838-share sale reduces insider ownership by ~18%, a potential—but minor—negative sentiment signal.

Insights

Insider Trading Analyst

TL;DR: Modest, pre-planned insider sale; limited fundamental signal.

The sale represents roughly 18% of Scotti’s pre-transaction holdings (calculated from Form 4 data) and was executed under a Rule 10b5-1 plan, suggesting personal portfolio management rather than an active bearish view of PayPal’s prospects. With 16,989 shares still held, alignment with shareholders remains intact. Transaction size is immaterial versus PayPal’s 1.1 billion share float, so market impact should be negligible. Nonetheless, investors may watch for any pattern of accelerated insider selling, which could hint at shifting executive sentiment.

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).

X

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^*

Scotti Diego

(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, Consumer Group

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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	07/31/2025		S		3,269	D	$69.0083(1)	17,558	D
Common Stock	07/31/2025		S		569	D	$69.7656(2)	16,989	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

Explanation of Responses:

1. Represents the weighted average price of shares sold at prices that ranged from $68.5100 to $69.4400.

2. Represents the weighted average price of shares sold at prices that ranged from $69.5700 to $69.9100.

Remarks:

The transactions on this Form 4 were made pursuant to a Rule 10b5-1 plan adopted on March 7, 2025.

	By: Brian Yamasaki For: Diego Scotti	08/01/2025
	** 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.

FAQ

How many PayPal (PYPL) shares did EVP Diego Scotti sell?

He sold 3,838 common shares on 31-Jul-2025.

What prices were the PYPL shares sold at?

Weighted-average prices were $69.0083 for 3,269 shares and $69.7656 for 569 shares.

How many PYPL shares does Scotti still own after the sale?

He directly owns 16,989 shares following the reported transactions.

Was the transaction under a Rule 10b5-1 plan?

Yes. The Form 4 states the sales were executed under a plan adopted on 7-Mar-2025.

Were any derivative securities or option exercises reported?

No, the Form 4 lists no derivative transactions or option exercises.