PayPal (NASDAQ: PYPL) risk chief gets major RSU grant, withholds shares

Rhea-AI Filing Summary

PayPal Holdings EVP and Global Chief Risk Officer Aaron Webster reported multiple equity transactions in company stock. On March 1, 2026, he acquired 18,407 shares of common stock through the exercise of restricted stock units and received a new grant of 111,562 restricted stock units, each representing a right to one PayPal share subject to future vesting.

On the same date, 8,385 common shares were disposed of to cover tax withholding obligations tied to the vesting of restricted stock units, rather than an open-market sale. After these transactions, Webster directly held 51,472 shares of PayPal common stock and 111,562 restricted stock units subject to 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^*

Webster Aaron

(Last) (First) (Middle)

C/O PAYPAL HOLDINGS, INC

1000 PALM BLVD #605

(Street)

ISLE OF PALMS SC 29451-0605

(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, Global Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		M		18,407	A	$0.0	59,857	D
Common Stock	03/01/2026		F		8,385(1)	D	$0.0	51,472	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 -4	(2)	03/01/2026		M			18,407	(3)	(4)	Common Stock	18,407	$0.0	36,812	D
Restricted Stock Units -5	(2)	03/01/2026		A		111,562		(5)	(4)	Common Stock	111,562	$0.0	111,562	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, 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.

4. Not applicable.

5. The reporting person received a restricted stock unit grant on March 1, 2026, 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: Brian Yamasaki For: Aaron Webster	03/03/2026
	** 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).
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FAQ

What insider stock transactions did PYPL executive Aaron Webster report?

Aaron Webster reported RSU vesting, a new RSU grant, and related tax withholding. He acquired 18,407 common shares via RSU conversion, received 111,562 new RSUs, and had 8,385 shares withheld to satisfy tax obligations on March 1, 2026.

How many PayPal shares does Aaron Webster hold after this Form 4?

After these transactions, Aaron Webster directly holds 51,472 shares of PayPal common stock. He also owns 111,562 restricted stock units that can convert into an equal number of shares as they vest under the disclosed three-year vesting schedule.

Did Aaron Webster sell PayPal (PYPL) shares in the open market?

The filing shows a disposition of 8,385 common shares, but only for tax withholding. Footnotes state these shares were withheld to cover tax obligations from RSU vesting, not sold in an open-market or discretionary transaction by Webster.

What new restricted stock unit grant did PYPL’s risk chief receive?

On March 1, 2026, Aaron Webster received a grant of 111,562 restricted stock units. Each unit represents a contingent right to one PayPal common share, subject to a three-year vesting schedule with vesting milestones described in the filing footnotes.

How do Aaron Webster’s PayPal RSUs vest over time?

The RSUs vest over three years: one-third on the first anniversary of the March 1 grant date, then one-twelfth on each quarterly anniversary until the third anniversary. Upon each vesting, Webster receives one common share for each vested restricted stock unit.