Frank Keller - 20 Dec 2023 Form 3 Insider Report for PayPal Holdings, Inc. (PYPL)

Role: EVP, GM, Lg. Ent. & Mer. Plat.
Signature: By: Brian Yamasaki For: Frank Keller
Issuer symbol: PYPL
Transactions as of: 20 Dec 2023
Net transactions value: $0
Form type: 3
Filing time: 29 Dec 2023, 18:22:18 UTC
Next filing: 16 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PYPL	Common Stock						20,405	20 Dec 2023	Direct

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
holding	PYPL	Restricted Stock Units -1							20 Dec 2023	Common Stock	1,586		Direct	F1, F2, F3
holding	PYPL	Restricted Stock Units -2							20 Dec 2023	Common Stock	3,835		Direct	F2, F3, F4
holding	PYPL	Restricted Stock Units -3							20 Dec 2023	Common Stock	765		Direct	F2, F3, F4
holding	PYPL	Restricted Stock Units -4							20 Dec 2023	Common Stock	15,837		Direct	F2, F3, F5
holding	PYPL	Restricted Stock Units -5							20 Dec 2023	Common Stock	12,669		Direct	F2, F3, F5
holding	PYPL	Restricted Stock Units -6							20 Dec 2023	Common Stock	13,428		Direct	F2, F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person received a restricted stock unit grant on March 1, 2021, 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.
F2	Not applicable.
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 on March 1, 2022, 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	The reporting person received a restricted stock unit grant on March 1, 2023, 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	The reporting person received a restricted stock unit grant on April 15, 2023, subject to a two-year cliff vesting schedule, vesting fully on the two-year anniversary of the grant date of the restricted stock unit award. 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.