Aaron Karczmer - Mar 1, 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Signature
By: Brian Yamasaki For: Aaron Karczmer
Stock symbol
PYPL
Transactions as of
Mar 1, 2023
Transactions value $
-$2,918,178
Form type
4
Date filed
3/3/2023, 04:44 PM
Previous filing
Mar 2, 2022
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Award $0 +46.4K +54.93% $0.00 131K Mar 1, 2023 Direct F1
transaction PYPL Common Stock Tax liability -$1.75M -23.7K -18.08% $73.82 107K Mar 1, 2023 Direct F2
transaction PYPL Common Stock Options Exercise $0 +10.7K +9.95% $0.00 118K Mar 1, 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +5.71K +4.84% $0.00 124K Mar 1, 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +12.3K +9.93% $0.00 136K Mar 1, 2023 Direct
transaction PYPL Common Stock Tax liability -$1.17M -15.9K -11.66% $73.82 120K Mar 1, 2023 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 -10.7K -100% $0.00* 0 Mar 1, 2023 Common Stock 10.7K Direct F4, F5, F6
transaction PYPL Restricted Stock Units -6 Options Exercise $0 -5.71K -50% $0.00 5.71K Mar 1, 2023 Common Stock 5.71K Direct F4, F5, F6
transaction PYPL Restricted Stock Units -7 Options Exercise $0 -12.3K -33.34% $0.00 24.6K Mar 1, 2023 Common Stock 12.3K Direct F4, F6, F7
transaction PYPL Restricted Stock Units -8 Award $0 +47.5K $0.00 47.5K Mar 1, 2023 Common Stock 47.5K Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 2020-2022 performance period, which were vested as shares of common stock on 3/1/2023.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2023.
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.