PayPal exec Keller Frank sells 4,612 shares

A PayPal senior officer sold 4,612 PYPL shares under a pre-arranged Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

PayPal Holdings, Inc. (PYPL) reported that officer Keller Frank, President, Checkout Solutions & PayPal, sold a total of 4,612 shares of common stock on September 3, 2026 in open-market or private transactions. The sales occurred in three tranches at weighted average prices of $54.6830, $55.7410, and $56.7083 per share, each covering specified price ranges. The company notes these transactions were made pursuant to a Rule 10b5-1 trading plan adopted on October 30, 2025, indicating they were pre-arranged.

Insider Trade Summary 10b5-1

Net Seller: 4,612 shares

Net Sell 3 txns

Insider Keller Frank

Role Pres., Checkout Sol. & PayPal

Sold 4,612 shs ($256K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	2,427	$54.683	$133K
Sale	Common Stock F2	1,000	$55.741	$56K
Sale	Common Stock F3	1,185	$56.7083	$67K

Holdings After Transaction: Common Stock — 41,567 shares (Direct)

Footnotes (3)

1. F1. Represents the weighted average price of shares sold at prices that ranged from $54.1000 to $54.9100.
2. F2. Represents the weighted average price of shares sold at prices that ranged from $55.5200 to $56.4200.
3. F3. Represents the weighted average price of shares sold at prices that ranged from $56.5300 to $56.8400.

Key Figures

Total shares sold: 4,612 shares First tranche: 2,427 shares at $54.6830 per share Second tranche: 1,000 shares at $55.7410 per share +2 more

5 metrics

Total shares sold 4,612 shares Aggregate sales of PayPal common stock on September 3, 2026

First tranche 2,427 shares at $54.6830 per share Weighted average price; trades ranged from $54.10 to $54.91

Second tranche 1,000 shares at $55.7410 per share Weighted average price; trades ranged from $55.52 to $56.42

Third tranche 1,185 shares at $56.7083 per share Weighted average price; trades ranged from $56.53 to $56.84

Rule 10b5-1 plan adoption date October 30, 2025 Plan governing the reported September 3, 2026 sales

Key Terms

Rule 10b5-1 plan, weighted average price, open market or private transaction

3 terms

Rule 10b5-1 plan regulatory

"transactions on this Form 4 were made pursuant to a Rule 10b5-1 plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average price financial

"Represents the weighted average price of shares sold at prices that ranged"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

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

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

The filing reports that Keller Frank, President, Checkout Solutions & PayPal, sold 4,612 shares of PayPal common stock on September 3, 2026 in open-market or private transactions at various weighted average prices.

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

Yes. PayPal states the transactions on this Form 4 were made pursuant to a Rule 10b5-1 plan adopted on October 30, 2025, meaning the trades were pre-arranged under that trading plan.

How many PayPal (PYPL) shares did Keller Frank sell and on what date?

Keller Frank sold a total of 4,612 shares of PayPal common stock on September 3, 2026, in three separate sale transactions reported on this Form 4.

At what prices were Keller Frank’s PYPL shares sold on September 3, 2026?

The reported weighted average sale prices were $54.6830 per share for 2,427 shares, $55.7410 per share for 1,000 shares, and $56.7083 per share for 1,185 shares, each within specified price ranges disclosed in the footnotes.

What price ranges applied to the PYPL sales disclosed for Keller Frank?

Footnotes state the $54.6830 weighted average covers prices from $54.10 to $54.91, $55.7410 covers $55.52 to $56.42, and $56.7083 covers $56.53 to $56.84, reflecting multiple trades within each range.

Does the Form 4 disclose Keller Frank’s remaining PYPL share holdings after these sales?

No post-transaction share balance is reported for these specific transactions; the Form 4 entries list the shares sold and the weighted average prices and ranges but do not state a resulting holdings figure.

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 09/08/2026 - 05:40 PM EDT Accepted by SEC EDGAR 09/08/2026 - 05:39 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).

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^*

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)
09/03/2026

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	09/03/2026		S		2,427	D	$54.683(1)	43,752	D
Common Stock	09/03/2026		S		1,000	D	$55.741(2)	42,752	D
Common Stock	09/03/2026		S		1,185	D	$56.7083(3)	41,567	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 $54.1000 to $54.9100.

2. Represents the weighted average price of shares sold at prices that ranged from $55.5200 to $56.4200.

3. Represents the weighted average price of shares sold at prices that ranged from $56.5300 to $56.8400.

Remarks:

The transactions on this Form 4 were made pursuant to a Rule 10b5-1 plan adopted on October 30, 2025.

	By: Peter Kraus For: Frank Keller	09/08/2026
	** 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)