Mark Britto - Mar 1, 2022 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
EVP, Chief Product Officer
Signature
By: BRIAN YAMASAKI For: MARK BRITTO
Stock symbol
PYPL
Transactions as of
Mar 1, 2022
Transactions value $
-$3,280,828
Form type
4
Date filed
3/2/2022, 03:40 PM
Previous filing
Feb 16, 2022
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock +Options Exercise $0 +10,741 +9.03% $0.00 129,700 Mar 1, 2022 Direct
transaction PYPL Common Stock +Options Exercise $0 +9,520 +7.34% $0.00 139,220 Mar 1, 2022 Direct
transaction PYPL Common Stock +Grant/Award $0 +59,941 +43.05% $0.00 199,161 Mar 1, 2022 Direct F1
transaction PYPL Common Stock -Tax liability -$2,431,517 -22,829 -11.46% $106.51 176,332 Mar 1, 2022 Direct F2
transaction PYPL Common Stock -Tax liability -$849,311 -7,974 -4.52% $106.51 168,358 Mar 1, 2022 Direct F3

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 -5 -Options Exercise $0 -10,741 -100% $0.00 0 Mar 1, 2022 Common Stock 10,741 Direct F4, F5, F6
transaction PYPL Restricted Stock Units -6 -Options Exercise $0 -9,520 -33.34% $0.00 19,038 Mar 1, 2022 Common Stock 9,520 Direct F4, F5, F6
transaction PYPL Restricted Stock Units -7 +Grant/Award $0 +55,248 $0.00 55,248 Mar 1, 2022 Common Stock 55,248 Direct F4, F6, F7

Explanation of Responses:

Id Content
F1 Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2019-2021 performance period, which were vested as shares of common stock on 3/1/2022.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2022.
F3 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F4 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F5 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.
F6 Not applicable.
F7 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.