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

Role: VP, Chief Accounting Officer
Signature: By: BRIAN YAMASAKI For: JEFFREY KARBOWSKI
Stock symbol: PYPL
Transactions as of: Mar 1, 2022
Transactions value $: -$120,676
Form type: 4
Date filed: 3/2/2022, 03:43 PM
Previous filing: Feb 16, 2022
Next filing: Nov 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PYPL	Common Stock	Options Exercise	$0	+537	+10.5%	$0.00	5.65K	Mar 1, 2022	Direct
transaction	PYPL	Common Stock	Options Exercise	$0	+1.13K	+19.95%	$0.00	6.78K	Mar 1, 2022	Direct
transaction	PYPL	Common Stock	Options Exercise	$0	+1.07K	+15.76%	$0.00	7.84K	Mar 1, 2022	Direct
transaction	PYPL	Common Stock	Options Exercise	$0	+429	+5.47%	$0.00	8.27K	Mar 1, 2022	Direct
transaction	PYPL	Common Stock	Options Exercise	$0	+96	+1.16%	$0.00	8.37K	Mar 1, 2022	Direct
transaction	PYPL	Common Stock	Tax liability	-$121K	-1.13K	-13.54%	$106.51	7.24K	Mar 1, 2022	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 -10	Award	$0	+1.11K		$0.00	1.11K	Mar 1, 2022	Common Stock	1.11K		Direct	F2, F3, F4
transaction	PYPL	Restricted Stock Units -3	Options Exercise	$0	-1.13K	-100%	$0.00^*	0	Mar 1, 2022	Common Stock	1.13K		Direct	F2, F4, F5
transaction	PYPL	Restricted Stock Units -4	Options Exercise	$0	-537	-100%	$0.00^*	0	Mar 1, 2022	Common Stock	537		Direct	F2, F4, F5
transaction	PYPL	Restricted Stock Units -6	Options Exercise	$0	-1.07K	-50.02%	$0.00	1.07K	Mar 1, 2022	Common Stock	1.07K		Direct	F2, F4, F5
transaction	PYPL	Restricted Stock Units -7	Options Exercise	$0	-429	-33.36%	$0.00	857	Mar 1, 2022	Common Stock	429		Direct	F2, F4, F5
transaction	PYPL	Restricted Stock Units -8	Options Exercise	$0	-96	-33.57%	$0.00	190	Mar 1, 2022	Common Stock	96		Direct	F2, F4, F5
transaction	PYPL	Restricted Stock Units -9	Award	$0	+2.49K		$0.00	2.49K	Mar 1, 2022	Common Stock	2.49K		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 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.
F4	Not applicable.
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.