Daniel H. Schulman - Apr 1, 2023 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
President and CEO, Director
Signature
By: Brian Yamasaki For: Daniel H Schulman
Stock symbol
PYPL
Transactions as of
Apr 1, 2023
Transactions value $
-$4,765,083
Form type
4
Date filed
4/3/2023, 04:10 PM
Previous filing
Mar 3, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock Award $0 +126K +26.1% $0.00 610K Apr 1, 2023 Direct F1
transaction PYPL Common Stock Tax liability -$4.77M -62.7K -10.28% $75.94 548K Apr 1, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents one-third (1/3) of the shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets, which were vested as shares of common stock on 4/1/2023.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 4/1/2023.

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.