Frank Keller - 01 Sep 2025 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role: EVP, GM, Large Ent & Mer Plat.
Signature: By: Brian Yamasaki For: Frank Keller
Issuer symbol: PYPL
Transactions as of: 01 Sep 2025
Net transactions value: -$224,959
Form type: 4
Filing time: 02 Sep 2025, 17:12:08 UTC
Previous filing: 16 Jul 2025
Next filing: 16 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Keller Frank	EVP, GM, Large Ent & Mer Plat.	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE	By: Brian Yamasaki For: Frank Keller	02 Sep 2025	0002006416

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PYPL	Common Stock	Options Exercise	$0	+1,319	+2.7%	$0.000000	49,567	01 Sep 2025	Direct
transaction	PYPL	Common Stock	Options Exercise	$0	+1,055	+2.1%	$0.000000	50,622	01 Sep 2025	Direct
transaction	PYPL	Common Stock	Options Exercise	$0	+3,418	+6.8%	$0.000000	54,040	01 Sep 2025	Direct
transaction	PYPL	Common Stock	Tax liability	$224,959	-3,205	-5.9%	$70.19	50,835	01 Sep 2025	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 -4	Options Exercise	$0	-1,319	-33%	$0.000000	2,638	01 Sep 2025	Common Stock	1,319		Direct	F2, F3, F4
transaction	PYPL	Restricted Stock Units -5	Options Exercise	$0	-1,055	-33%	$0.000000	2,110	01 Sep 2025	Common Stock	1,055		Direct	F2, F3, F4
transaction	PYPL	Restricted Stock Units -7	Options Exercise	$0	-3,418	-14%	$0.000000	20,508	01 Sep 2025	Common Stock	3,418		Direct	F2, F4, F5

* 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 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.
F4	Not applicable.
F5	The reporting person received a restricted stock unit grant on March 1, 2024, 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.