=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-01
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)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-06-01 | Code: M (Exercise of derivative)
Shares: +3,418 | Price: $0.00
Shares Owned After: 44,985 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-06-01 | Code: M (Exercise of derivative)
Shares: +6,903 | Price: $0.00
Shares Owned After: 51,888 | Ownership: D (Direct)
[Transaction #3]
Security: Common Stock
Date: 2026-06-01 | Code: F (Payment of exercise/tax)
Shares: -5,709 | Price: $44.75
Total Value: $255,477.75
Shares Owned After: 46,179 | Ownership: D (Direct)
Footnotes:
[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.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units -7
Date: 2026-06-01 | Code: M (Exercise of derivative)
Shares: -3,418 | Price: $0.00
Shares Owned After: 10,254 | Ownership: D (Direct)
Footnotes:
[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, 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, 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.
[Transaction #2]
Security: Restricted Stock Units -9
Date: 2026-06-01 | Code: M (Exercise of derivative)
Shares: -6,903 | Price: $0.00
Shares Owned After: 48,315 | Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
[F5] The reporting person received a restricted stock unit grant on March 1, 2025, 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, 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.
--- Footnotes (Complete Index) ---
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, 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, 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, 2025, 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, 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.
--- Signature ---
/s/ By: Brian Yamasaki For: Frank Keller (2026-06-02)
