[Form 4] PayPal Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

PayPal Holdings (PYPL) officer Suzan Kereere reported equity transactions related to restricted stock units. On 11/15/2025, 8,503 restricted stock units were converted into shares of PayPal common stock at an exercise price of $0.0, increasing her direct common stock holdings. On the same date, 4,341 shares were withheld to cover tax obligations at a price of $62.81 per share, as part of the vesting process. After these transactions, Kereere directly beneficially owned 35,145 shares of PayPal common stock and 42,514 derivative securities in the form of restricted stock units, reflecting ongoing equity-based compensation tied to company performance and tenure.

Insider Trade Summary

8,503 shares exercised/converted

Mixed 3 txns

Insider Kereere Suzan

Role President, Global Markets

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units -2	8,503	$0.00	--
Exercise	Common Stock	8,503	$0.00	--
Tax Withholding	Common Stock	4,341	$62.81	$273K

Holdings After Transaction: Restricted Stock Units -2 — 42,514 shares (Direct); Common Stock — 39,486 shares (Direct)

Footnotes (1)

1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. 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. Not applicable.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Kereere Suzan

(Last) (First) (Middle)

C/O PAYPAL HOLDINGS, INC.

2211 NORTH FIRST STREET

(Street)

SAN JOSE CA 95131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PayPal Holdings, Inc. [ PYPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Global Markets

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/15/2025		M		8,503	A	$0.0	39,486	D
Common Stock	11/15/2025		F		4,341(1)	D	$62.81	35,145	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units -2	(2)	11/15/2025		M			8,503	(3)	(4)	Common Stock	8,503	$0.0	42,514	D

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.

2. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.

3. 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.

4. Not applicable.

	By: Brian Yamasaki For: Suzan Kereere	11/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did PayPal (PYPL) officer Suzan Kereere report?

Suzan Kereere, President, Global Markets at PayPal (PYPL), reported the vesting and exercise of 8,503 restricted stock units into PayPal common stock on 11/15/2025.

How many PayPal shares were withheld for taxes in Suzan Kereere's Form 4?

The filing states that 4,341 shares of PayPal common stock were withheld to satisfy tax withholding obligations at a price of $62.81 per share.

How many PayPal shares does Suzan Kereere own after the reported transactions?

Following the reported transactions, Suzan Kereere beneficially owned 35,145 shares of PayPal common stock directly.

What derivative securities related to PayPal does Suzan Kereere hold after this filing?

After the transactions, Suzan Kereere held 42,514 derivative securities, described as restricted stock units that each represent a contingent right to receive one share of PayPal common stock.

How do Suzan Kereere’s PayPal restricted stock units vest?

The restricted stock unit grant vests over three years: 1/3 on the one-year anniversary of the grant date, then 1/12 on each quarterly anniversary until the third anniversary, when the grant is fully vested.

What does each PayPal restricted stock unit represent in this Form 4?

Each restricted stock unit reported represents a contingent right to receive one share of PayPal common stock upon vesting.