PayPal’s Frank Keller vests RSUs, 907 shares withheld

PayPal Holdings, Inc. executive Frank Keller, President, Checkout Solutions & PayPal, had 1639 restricted stock units convert into 1639 shares of common stock on 2026-07-15.

Rhea-AI Filing Summary

PayPal Holdings, Inc. executive Frank Keller, President, Checkout Solutions & PayPal, had 1639 restricted stock units convert into 1639 shares of common stock on 2026-07-15. To satisfy tax obligations related to this vesting, 907 shares were withheld. After these transactions, he holds 42299 common shares directly and 4917 restricted stock units outstanding.

Insider Trade Summary

1,639 shares exercised/converted

Exercise 3 txns

Insider Keller Frank

Role Pres., Checkout Sol. & PayPal

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units -8 F2, F3, F4	1,639	$0.00	$0.00
Exercise	Common Stock	1,639	$0.00	$0.00
Tax Withholding	Common Stock F1	907	$47.37	$43K

Holdings After Transaction: Restricted Stock Units -8 — 4,917 contracts (Direct); Common Stock — 42,299 shares (Direct)

Footnotes (4)

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 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.

Key Figures

Shares acquired via RSU conversion: 1639 shares Shares withheld for taxes: 907 shares Implied value per withheld share: 47.3700 USD per share +2 more

5 metrics

Shares acquired via RSU conversion 1639 shares Restricted stock units converted to common stock on 2026-07-15

Shares withheld for taxes 907 shares Shares withheld to satisfy tax withholding obligations on RSU vesting

Implied value per withheld share 47.3700 USD per share Price associated with tax-withholding disposition of 907 shares

Direct common shares after transactions 42299 shares Direct PayPal common stock holdings following 2026-07-15 events

Restricted stock units remaining 4917 units RSUs outstanding after 1639 units converted into common stock

Key Terms

Restricted Stock Units, tax withholding obligations, derivative security, contingent right

4 terms

Restricted Stock Units financial

"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

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

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

contingent right financial

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

FAQ

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

What insider transactions did PayPal (PYPL) executive Frank Keller report for 2026-07-15?

Frank Keller reported 1639 restricted stock units converting into 1639 shares of PayPal common stock, with 907 shares withheld to cover tax obligations related to the vesting, and updated share and RSU holdings afterward.

How many PayPal (PYPL) shares did Frank Keller acquire through RSU vesting?

Frank Keller acquired 1639 shares of PayPal common stock through the conversion of 1639 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of PayPal’s common stock upon vesting.

How many PayPal (PYPL) shares were withheld for Frank Keller’s tax obligations?

A total of 907 shares of PayPal common stock were withheld to satisfy tax withholding obligations connected to the RSU vesting. These shares were not sold in the market but retained to cover tax liabilities.

What are Frank Keller’s direct PayPal (PYPL) share holdings after these transactions?

Following the reported transactions, Frank Keller directly holds 42299 shares of PayPal common stock. This figure reflects his updated direct ownership after the RSU conversion and related tax withholding share disposition.

How many restricted stock units does Frank Keller still hold in PayPal (PYPL)?

After the vesting event, Frank Keller continues to hold 4917 restricted stock units. Each unit represents a contingent right to receive one share of PayPal common stock upon future vesting, providing additional potential equity exposure.

What is the vesting schedule for Frank Keller’s PayPal (PYPL) restricted stock units?

The restricted stock unit grant follows a three-year vesting schedule: 1/3 vests on the one-year anniversary of the grant date, then 1/12 vests quarterly until the third anniversary, when the award becomes fully vested in common shares.

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

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Accepted by SEC EDGAR 07/16/2026 - 04:37 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)
07/15/2026

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	07/15/2026		M		1,639	A	$0.0	43,206	D
Common Stock	07/15/2026		F		907(1)	D	$47.37	42,299	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)	07/15/2026		M			1,639	(3)	(4)	Common Stock	1,639	$0.0	4,917	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, 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: Peter Kraus For: Frank Keller	07/16/2026
	** 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)