Sripada Shivananda - 15 Jul 2021 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
EVP, Chief Technology Officer
Signature
By: BRIAN YAMASAKI For: Sripada Shivananda
Issuer symbol
PYPL
Transactions as of
15 Jul 2021
Net transactions value
-$319,045
Form type
4
Filing time
16 Jul 2021, 16:17:22 UTC
Next filing
16 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Options Exercise $0 +2,169 +6.6% $0.000000 35,273 15 Jul 2021 Direct
transaction PYPL Common Stock Tax liability $319,045 -1,076 -3.1% $296.51 34,197 15 Jul 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PYPL Restricted Stock Units -3 Options Exercise $0 -2,169 -50% $0.000000 2,169 15 Jul 2021 Common Stock 2,169 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F3 The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. 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.
F4 Not applicable.

Remarks:

Amount of securities beneficially owned following reported transaction in the first row includes 134 shares acquired under PayPal's Employee Stock Purchase Plan.