Daniel H. Schulman - 01 Mar 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
President and CEO, Director
Signature
By: Brian Yamasaki For: Daniel H Schulman
Issuer symbol
PYPL
Transactions as of
01 Mar 2023
Net transactions value
-$7,420,091
Form type
4
Filing time
03 Mar 2023, 16:55:19 UTC
Previous filing
17 Feb 2023
Next filing
03 Apr 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 +130,034 +33% $0.000000 522,261 01 Mar 2023 Direct F1
transaction PYPL Common Stock Tax liability $4,616,260 -62,534 -12% $73.82 459,727 01 Mar 2023 Direct F1
transaction PYPL Common Stock Options Exercise $0 +29,892 +6.5% $0.000000 489,619 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +17,134 +3.5% $0.000000 506,753 01 Mar 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +29,466 +5.8% $0.000000 536,219 01 Mar 2023 Direct
transaction PYPL Common Stock Tax liability $2,803,831 -37,982 -7.1% $73.82 498,237 01 Mar 2023 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 Restricted Stock Unit - 12 Options Exercise $0 -17,134 -50% $0.000000 17,134 01 Mar 2023 Common Stock 17,134 Direct F3, F4, F5
transaction PYPL Restricted Stock Unit - 13 Options Exercise $0 -29,466 -33% $0.000000 58,930 01 Mar 2023 Common Stock 29,466 Direct F3, F5, F6
transaction PYPL Restricted Stock Unit - 14 Award $0 +76,014 $0.000000 76,014 01 Mar 2023 Common Stock 76,014 Direct F3, F5, F6
transaction PYPL Restricted Stock Units - 11 Options Exercise $0 -29,892 -100% $0.000000* 0 01 Mar 2023 Common Stock 29,892 Direct F3, F4, F5
* 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 restricted stock units granted to the Reporting Person.
F3 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F4 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.
F5 Not applicable.
F6 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.

Remarks:

Amount of securities beneficially owned following reported transaction in the first row of Table 1 reflects a transfer of the pecuniary interest in certain shares in a transaction exempt from Section 16 pursuant to Rule 16a-12.