Jonathan Auerbach - Dec 16, 2021 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role: EVP,Chief Strategy,Growth & Da
Signature: By: BRIAN YAMASAKI For: JONATHAN AUERBACH
Stock symbol: PYPL
Transactions as of: Dec 16, 2021
Transactions value $: -$154,398
Form type: 4
Date filed: 12/17/2021, 05:38 PM
Previous filing: Nov 23, 2021
Next filing: Dec 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PYPL	Common Stock	Options Exercise	$0	+1.6K	+2.78%	$0.00	59.2K	Dec 16, 2021	Direct	F1
transaction	PYPL	Common Stock	Tax liability	-$154K	-818	-1.38%	$188.75	58.4K	Dec 16, 2021	Direct	F2

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	Performance Stock Units	Options Exercise	$0	-1.6K	-50%	$0.00	1.6K	Dec 16, 2021	Common Stock	1.6K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units were earned upon the completion of the acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay) on December 19, 2019. The other one-half of the performance stock units were earned upon, the completion of the acquisition of Honey Sciences Corporation on January 3, 2020. The performance stock units will vest ratably on the first, second and third anniversaries of the December 16, 2019 grant date.
F2	Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock.

Content

Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units were earned upon the completion of the acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay) on December 19, 2019. The other one-half of the performance stock units were earned upon, the completion of the acquisition of Honey Sciences Corporation on January 3, 2020. The performance stock units will vest ratably on the first, second and third anniversaries of the December 16, 2019 grant date.

Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock.