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

Rhea-AI Filing Summary

PayPal Holdings (PYPL) Form 4: Suzan Kereere, President, Global Markets, reported restricted stock unit activity on 08/15/2025. A grant of 8,503 RSUs vested (reported via Code M) and the reporting person acquired 8,503 shares resulting from those vested RSUs. To satisfy tax withholding, 4,341 shares were withheld and disposed at a price of $69.38 each. Following these transactions, Kereere beneficially owned 51,017 shares of PayPal common stock, held directly. The filing was signed on 08/18/2025.

Positive

• Vested RSUs converted to shares: 8,503 restricted stock units vested and resulted in the acquisition of 8,503 common shares.
• Transparent reporting: The filing discloses the reason for disposition (tax withholding) and provides specific amounts and prices.

Negative

• Shares disposed for tax withholding: 4,341 shares were disposed at $69.38, reducing the net increase in holdings from the vesting event.

Insights

Financial Analyst

TL;DR: Routine RSU vesting with shares withheld for taxes; modest net increase in direct holdings, non-material to company operations.

The report documents the vesting of 8,503 restricted stock units and the withholding of 4,341 shares to cover tax obligations, a common executive compensation event. The disposal price of withheld shares was $69.38 each. Post-transaction direct beneficial ownership is 51,017 shares. This transaction is typical for equity-compensated executives and does not itself signal a change in company fundamentals.

Corporate Governance Expert

TL;DR: Compensation-related disclosure followed Section 16 reporting rules; documentation and timing appear compliant.

The Form 4 clearly states the nature of the award (RSUs with a three-year vesting schedule) and explains shares withheld to meet tax withholding obligations. The filing indicates single reporting person status and includes an authorized signature. From a governance perspective, the disclosure provides necessary transparency on insider holdings and executed withholding, consistent with standard practice.

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^*

Kereere Suzan

(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)
	President, Global Markets

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		M		8,503	A	$0.0	56,986	D
Common Stock	08/15/2025		F		4,341(1)	D	$69.38	52,645	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 -2	(2)	08/15/2025		M			8,503	(3)	(4)	Common Stock	8,503	$0.0	51,017	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 (the 'Grant Date'), 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: Brian Yamasaki For: Suzan Kereere	08/18/2025
	** 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

What transactions did Suzan Kereere report on PayPal (PYPL) Form 4?

The filing reports the vesting of 8,503 RSUs and the withholding/disposition of 4,341 shares to satisfy tax obligations; 8,503 shares were acquired from vested RSUs.

How many PayPal shares does Suzan Kereere beneficially own after the transactions?

Following the reported transactions, Suzan Kereere beneficially owned 51,017 shares of PayPal common stock, held directly.

At what price were the withheld shares disposed?

The filing shows the withheld shares were disposed at a price of $69.38 per share.

When did the reported transactions occur?

The transactions are reported with a transaction date of 08/15/2025, and the Form 4 was signed on 08/18/2025.

What is the vesting schedule for the restricted stock units listed?

Each RSU vests over three years: 1/3 on the one-year anniversary of the grant and 1/12 on each quarterly anniversary thereafter until fully vested on year three.