John C. Kim - 15 Oct 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
EVP, Chief Product Officer
Signature
By: Brian Yamasaki For: John Kim
Issuer symbol
PYPL
Transactions as of
15 Oct 2023
Net transactions value
-$485,136
Form type
4
Filing time
17 Oct 2023, 20:14:20 UTC
Previous filing
20 Jul 2023
Next filing
04 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Options Exercise $0 +11,057 +1840% $0.000000 11,658 15 Oct 2023 Direct
transaction PYPL Common Stock Options Exercise $0 +11,057 +95% $0.000000 22,715 15 Oct 2023 Direct
transaction PYPL Common Stock Tax liability $485,136 -8,702 -38% $55.75 14,013 15 Oct 2023 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 -1 Options Exercise $0 -11,057 -33% $0.000000 22,111 15 Oct 2023 Common Stock 11,057 Direct F2, F3, F4
transaction PYPL Restricted Stock Units -2 Options Exercise $0 -11,057 -33% $0.000000 22,111 15 Oct 2023 Common Stock 11,057 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.

Remarks:

Amount of securities beneficially owned following reported transaction in the first row of Table 1 includes 601 shares acquired under PayPal's Employee Stock Purchase Plan.