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

PayPal Holdings (NASDAQ: PYPL) president sells 4,162 shares

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

PayPal Holdings, Inc. executive Suzan Kereere, President, Global Markets, reported selling 4,162 shares of common stock on August 19, 2025 in open-market or private transactions at weighted-average prices around $69–$70. After these sales, she directly holds 48,483 shares of PayPal common stock.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider sales were executed under a Rule 10b5-1 plan, indicating pre-planned disposals rather than opportunistic trades.

The Form 4 discloses routine sales totaling 4,162 shares executed on 08/19/2025 under a 10b5-1 plan adopted March 7, 2025. The weighted average prices reported ($69.3101 and $70.2915) reflect execution across narrow intraday ranges. For investors, such sales typically signal liquidity management rather than new material company developments because they follow an established trading plan; the remaining beneficial ownership (~48.5k shares) remains modest relative to institutional holdings in a large-cap issuer. No derivative transactions or additional changes to ownership structure were reported.

TL;DR: The 10b5-1 plan use reduces regulatory risk and supports compliance transparency for insider activity.

Reporting that the trades were made pursuant to a Rule 10b5-1 plan (adopted March 7, 2025) is an important governance detail because it establishes an affirmative defense to insider trading claims if plan conditions are met. The disclosure is complete for the reported non-derivative sales and includes weighted-average price ranges. There is no indication of amendments, derivative activity, or joint filings. From a governance perspective, the filing aligns with best practices for pre-scheduled insider dispositions.

Insider Kereere Suzan
Role President, Global Markets
Sold 4,162 shs ($289K)
Type Security Shares Price Value
Sale Common Stock 3,832 $69.3101 $266K
Sale Common Stock 330 $70.2915 $23K
Holdings After Transaction: Common Stock — 48,483 shares (Direct)
Footnotes (2)
  1. F1. Represents the weighted average price of shares sold at prices that ranged from $69.0000 to $69.8600.
  2. F2. Represents the weighted average price of shares sold at prices that ranged from $70.2400 to $70.3300.
Total shares sold 4,162 shares Aggregate common stock sold by Suzan Kereere on August 19, 2025
First sale size 3,832 shares One reported sale of PayPal common stock
Second sale size 330 shares Additional reported sale of PayPal common stock same date
Sale price 1 $69.3101 per share Price reported for sale of 3,832 shares
Sale price 2 $70.2915 per share Price reported for sale of 330 shares
Post-transaction holdings 48,483 shares Direct PayPal common stock holdings after these sales
Price range 1 $69.0000–$69.8600 Weighted-average price range for one group of sales
Price range 2 $70.2400–$70.3300 Weighted-average price range for another group of sales
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 market
"Transaction code description: Sale in open market or private transaction"
non-derivative financial
"Transaction type is listed as non-derivative for the common stock sales"

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

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FAQ

What insider transaction did Suzan Kereere report for PYPL?
Suzan Kereere reported selling 4,162 shares of PayPal common stock on August 19, 2025. The sales occurred in open-market or private transactions at weighted-average prices around $69–$70, and she continues to directly hold 48,483 shares afterward.

How many PYPL shares did Suzan Kereere sell in the latest Form 4?
She sold a total of 4,162 shares of PayPal common stock. This total consists of one sale of 3,832 shares at about $69.31 per share and another sale of 330 shares at about $70.29 per share.

What PayPal (PYPL) stake does Suzan Kereere hold after the reported sales?
Following the reported transactions, Suzan Kereere directly holds 48,483 shares of PayPal common stock. This figure reflects her remaining ownership position after the August 19, 2025 sales disclosed in the Form 4 filing.

At what prices were Suzan Kereere’s PYPL shares sold?
The reported sale prices were weighted-average values of about $69.3101 and $70.2915 per share. Footnotes note price ranges from $69.0000–$69.8600 and $70.2400–$70.3300 for the executed trades.

What is Suzan Kereere’s role at PayPal (PYPL) mentioned in the Form 4?
Suzan Kereere is identified as President, Global Markets at PayPal Holdings, Inc. Her Form 4 filing reports recent sales of company common stock while she continues to hold a direct position of 48,483 shares.

Were Suzan Kereere’s PYPL sales classified as derivative transactions?
No, the reported transactions involve non-derivative PayPal common stock. The Form 4 lists open-market or private sales of existing shares, and there are no accompanying option exercises or other derivative transactions noted in this filing.
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*
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)
08/19/2025
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 08/19/2025 S 3,832 D $69.3101(1) 48,813 D
Common Stock 08/19/2025 S 330 D $70.2915(2) 48,483 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 $69.0000 to $69.8600.
2. Represents the weighted average price of shares sold at prices that ranged from $70.2400 to $70.3300.
Remarks:
The transactions on this Form 4 were made pursuant to a Rule 10b5-1 plan adopted on March 7, 2025.
By: Brian Yamasaki For: Suzan Kereere 08/20/2025
** 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.

Source: View Original Filing on SEC EDGAR