=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-15
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: PayPal Holdings, Inc. (PYPL)
CIK: 0001633917
--- Reporting Owner ---
Name: Keller Frank
CIK: 0002006416
Role: Officer (Pres., Checkout Sol. & PayPal)
--- Derivative Transactions ---
[Transaction #1]
Security: Performance Stock Units 1
Date: 2026-06-15 | Code: A (Grant or award)
Shares: +146,778 | Price: $0.00
Shares Owned After: 146,778 | Ownership: D (Direct)
Footnotes:
[F1] Each performance stock unit represents a contingent right to receive one share of PayPal's common stock.
[F2] The reporting person received a one-time performance-based restricted stock unit ("PSU") grant on June 15, 2026. The number of PSUs that may be earned is based on achievement of Company common stock price hurdles during the performance period beginning on March 1, 2029 and ending on March 1, 2031, with potential payouts at 0%, 100%, 175%, and 250% of the target number of PSUs. A stock price hurdle is attained when, at any time during the performance period, the Company's average closing price over a 60-calendar day period equals or exceeds the stock price hurdle. Upon attainment of a stock price hurdle, 25% of the earned PSUs will vest upon certification of the achievement and 75% will vest on March 1, 2031, in each case generally subject to the reporting person's continued employment through the vesting date.
[F3] Not applicable.
--- Footnotes (Complete Index) ---
F1: Each performance stock unit represents a contingent right to receive one share of PayPal's common stock.
F2: The reporting person received a one-time performance-based restricted stock unit ("PSU") grant on June 15, 2026. The number of PSUs that may be earned is based on achievement of Company common stock price hurdles during the performance period beginning on March 1, 2029 and ending on March 1, 2031, with potential payouts at 0%, 100%, 175%, and 250% of the target number of PSUs. A stock price hurdle is attained when, at any time during the performance period, the Company's average closing price over a 60-calendar day period equals or exceeds the stock price hurdle. Upon attainment of a stock price hurdle, 25% of the earned PSUs will vest upon certification of the achievement and 75% will vest on March 1, 2031, in each case generally subject to the reporting person's continued employment through the vesting date.
F3: Not applicable.
--- Signature ---
/s/ By: Peter Kraus For: Frank Keller (2026-06-16)
