Gabrielle Scheibe - Sep 1, 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
Acting CFO & SVP, IR & Treas
Signature
By: Brian Yamasaki For: Gabrielle Scheibe Rabinovitch
Stock symbol
PYPL
Transactions as of
Sep 1, 2023
Transactions value $
-$40,199
Form type
4
Date filed
9/5/2023, 09:26 PM
Previous filing
Jun 16, 2023
Next filing
Sep 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Options Exercise $0 +768 +2.65% $0.00 29.7K Sep 1, 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +77 +0.26% $0.00 29.8K Sep 1, 2023 Direct
transaction PYPL Common Stock Tax liability -$26.7K -420 -1.41% $63.57 29.4K Sep 1, 2023 Direct F1
transaction PYPL Common Stock Sale -$13.5K -213 -0.73% $63.38 29.1K Sep 5, 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 Units -7 Options Exercise $0 -768 -14.3% $0.00 4.6K Sep 1, 2023 Common Stock 768 Direct F3, F4, F5
transaction PYPL Restricted Stock Units -8 Options Exercise $0 -77 -14.37% $0.00 459 Sep 1, 2023 Common Stock 77 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
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 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.
F5 Not applicable.