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PayPal Holdings (PYPL) SVP reports RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PayPal Holdings, Inc. senior vice president and chief accounting officer Chris Natali reported vesting of 2,726 shares of common stock on July 15, 2026 through the conversion of restricted stock units. 943 shares were withheld to satisfy tax withholding obligations related to this vesting; no open‑market purchases or sales occurred. The restricted stock unit award vests over a three‑year schedule, delivering one share of common stock for each unit as it vests.

Positive

  • None.

Negative

  • None.
Insider Natali Chris
Role SVP, Chief Accounting Officer
Type Security Shares Price Value
Exercise Restricted Stock Units -1 2,726 $0.00 --
Exercise Common Stock 2,726 $0.00 --
Tax Withholding Common Stock 943 $47.37 $45K
Holdings After Transaction: Restricted Stock Units -1 — 10,903 shares (Direct); Common Stock — 4,496 shares (Direct)
Footnotes (1)
  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. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. 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. Not applicable.
Shares vested from RSUs 2,726 shares Common stock received on 2026-07-15 upon conversion of restricted stock units
Shares withheld for taxes 943 shares Withheld to satisfy tax withholding obligations related to RSU vesting on 2026-07-15
Tax withholding reference price $47.37 per share Price per share used for the tax-withholding share disposition
RSUs remaining outstanding 10,903 units Restricted stock unit balance shown after the derivative transaction
restricted stock unit financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting"
derivative security financial
"transaction_code_description": "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 of PayPal's common stock"
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FAQ

What did PayPal (PYPL) executive Chris Natali report in this Form 4?

Chris Natali, PayPal’s SVP and Chief Accounting Officer, reported the vesting of 2,726 restricted stock units, which converted into an equal number of common shares on July 15, 2026, as part of his equity compensation package.

How many PayPal (PYPL) shares were withheld for taxes in Natali’s transaction?

In connection with the RSU vesting, 943 shares of PayPal common stock were withheld to satisfy tax obligations. These shares were not sold on the open market but retained by the company to cover withholding.

Were there any open-market stock purchases or sales by Chris Natali in PYPL?

No. The Form 4 shows no open-market purchases or sales by Chris Natali. Activity reflects RSU conversion into common stock and tax withholding via share retention by PayPal, rather than discretionary trading.

What do the restricted stock units reported for PYPL represent?

Each restricted stock unit reported for PayPal represents a contingent right to receive one share of the company’s common stock. Upon vesting, the RSUs convert into an equal number of shares delivered to the executive.

What is the vesting schedule of Chris Natali’s RSU grant at PayPal (PYPL)?

Natali’s RSU grant is subject to a three-year vesting schedule: one-third vests on the first anniversary of the grant date, then 1/12 vests quarterly until the third anniversary, when the award becomes fully vested and delivers shares.
SEC Form 4
FORM 4UNITED 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*
Natali Chris

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/15/2026M2,726A$0.04,496D
Common Stock07/15/2026F943(1)D$47.373,553D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units -1(2)07/15/2026M2,726 (3) (4)Common Stock2,726$0.010,903D
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: Chris Natali07/16/2026
** Signature of Reporting PersonDate
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)