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

PayPal Holdings EVP Michelle Gill reported multiple equity transactions tied to restricted stock units on March 1, 2026.

Rhea-AI Filing Summary

PayPal Holdings EVP Michelle Gill reported multiple equity transactions tied to restricted stock units on March 1, 2026. She acquired 27,610 shares of common stock through the exercise and conversion of previously granted restricted stock units and received a new award of 158,536 restricted stock units at no cost.

The filing also shows 13,576 shares of common stock were disposed of to cover tax withholding obligations related to RSU vesting. Following these transactions, Gill directly held 62,310 shares of PayPal common stock and 158,536 restricted stock units, which each represent a contingent right to receive one share upon vesting under three-year vesting schedules.

Insider Trade Summary

27,610 shares exercised/converted

Exercise 4 txns

Insider Gill Michelle

Role EVP, GM, SMB & Financial Svcs

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units -3	27,610	$0.00	$0.00
Grant/Award	Restricted Stock Units -4	158,536	$0.00	$0.00
Exercise	Common Stock	27,610	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	13,576	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units -3 — 55,218 contracts (Direct); Restricted Stock Units -4 — 158,536 contracts (Direct); Common Stock — 62,310 shares (Direct)

Footnotes (5)

1. F1. 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. F2. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
3. F3. 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. F4. Not applicable.
5. F5. 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.

FAQ

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

What equity transactions did PayPal (PYPL) executive Michelle Gill report?

Michelle Gill reported RSU-related transactions on March 1, 2026, including an RSU conversion into 27,610 common shares, a new grant of 158,536 restricted stock units, and the disposition of 13,576 common shares to satisfy tax withholding obligations associated with the vesting of restricted stock units previously granted.

How many new restricted stock units did Michelle Gill receive at PayPal (PYPL)?

Michelle Gill received a grant of 158,536 restricted stock units on March 1, 2026. Each unit represents a contingent right to receive one share of PayPal common stock, subject to a three-year vesting schedule tied to annual and quarterly vesting dates specified in the award terms.

What is the vesting schedule for Michelle Gill’s 2025 and 2026 PayPal (PYPL) RSU grants?

Both the March 1, 2025 and March 1, 2026 RSU grants vest over three years: one-third on the first anniversary of the grant date, then one-twelfth on each quarterly anniversary until the third anniversary, when the restricted stock unit award becomes fully vested into common shares.

Why did Michelle Gill dispose of PayPal (PYPL) shares in this Form 4?

The 13,576 common shares marked as disposed were withheld to satisfy tax withholding obligations arising from RSU vesting. The filing specifies that these shares were delivered to cover tax liabilities, rather than reflecting an open-market sale or discretionary selling activity by Michelle Gill.

How many PayPal (PYPL) common shares does Michelle Gill hold after these transactions?

After the March 1, 2026 transactions, Michelle Gill directly held 62,310 shares of PayPal common stock. She also held 158,536 restricted stock units, each representing a contingent right to receive one additional share of common stock if and when the applicable vesting conditions are met.

How do Michelle Gill’s PayPal (PYPL) restricted stock units convert into common shares?

Each restricted stock unit corresponds to one PayPal common share, as stated in the filing. When RSUs vest under the three-year schedules, the vested units convert into an equivalent number of common shares, which are then delivered to Michelle Gill, net of any shares withheld for taxes.

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

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Accepted by SEC EDGAR 03/03/2026 - 07:14 PM 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).

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^*

Gill Michelle

(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)
	EVP, GM, SMB & Financial Svcs

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		27,610	A	$0.0	75,886	D
Common Stock	03/01/2026		F		13,576(1)	D	$0.0	62,310	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 -3	(2)	03/01/2026		M			27,610	(3)	(4)	Common Stock	27,610	$0.0	55,218	D
Restricted Stock Units -4	(2)	03/01/2026		A		158,536		(5)	(4)	Common Stock	158,536	$0.0	158,536	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: Michelle Gill	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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