Gabrielle Scheibe Rabinovitch - 01 Mar 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
Acting CFO & SVP, IR & Treas.
Signature
By: Brian Yamasaki For: Gabrielle Scheibe Rabinovitch
Issuer symbol
PYPL
Transactions as of
01 Mar 2023
Net transactions value
-$625,994
Form type
4
Filing time
03 Mar 2023, 16:51:33 UTC
Previous filing
17 Oct 2022
Next filing
15 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Award $0 +14,188 +159% $0.000000 23,115 01 Mar 2023 Direct F1
transaction PYPL Common Stock Tax liability $371,758 -5,036 -22% $73.82 18,079 01 Mar 2023 Direct F2
transaction PYPL Common Stock Options Exercise $0 +693 +3.8% $0.000000 18,772 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +1,441 +7.7% $0.000000 20,213 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +1,095 +5.4% $0.000000 21,308 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +333 +1.6% $0.000000 21,641 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +3,070 +14% $0.000000 24,711 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +308 +1.2% $0.000000 25,019 01 Mar 2023 Direct
transaction PYPL Common Stock Tax liability $254,236 -3,444 -14% $73.82 21,575 01 Mar 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 - 11 Award $0 +47,509 $0.000000 47,509 01 Mar 2023 Common Stock 47,509 Direct F4, F5, F6
transaction PYPL Restricted Stock Units -1 Options Exercise $0 -693 -100% $0.000000* 0 01 Mar 2023 Common Stock 693 Direct F4, F6, F7
transaction PYPL Restricted Stock Units -2 Options Exercise $0 -1,441 -100% $0.000000* 0 01 Mar 2023 Common Stock 1,441 Direct F4, F6, F7
transaction PYPL Restricted Stock Units -4 Options Exercise $0 -1,095 -50% $0.000000 1,094 01 Mar 2023 Common Stock 1,095 Direct F4, F6, F7
transaction PYPL Restricted Stock Units -5 Options Exercise $0 -333 -50% $0.000000 333 01 Mar 2023 Common Stock 333 Direct F4, F6, F7
transaction PYPL Restricted Stock Units -7 Options Exercise $0 -3,070 -33% $0.000000 6,138 01 Mar 2023 Common Stock 3,070 Direct F4, F5, F6
transaction PYPL Restricted Stock Units -8 Options Exercise $0 -308 -33% $0.000000 613 01 Mar 2023 Common Stock 308 Direct F4, F5, F6
* 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 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.
F6 Not applicable.
F7 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.