# EDGAR Filing Document

**Accession Number:** 0001671005
**File Stem:** 0001633917-23-000054
**Filing Date:** 2023-3
**Character Count:** 8615
**Document Hash:** 1c005bccb239ea7ca41bc887cebfda74
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001633917-23-000054.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001633917-23-000054

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230301

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Shivananda Sripada
- **CENTRAL INDEX KEY:** 0001671005

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36859
- **FILM NUMBER:** 23706361

**MAIL ADDRESS:**
- **STREET 1:** 2211 NORTH FIRST STREET
- **STREET 2:** 2211 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95131

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Shivanada Sripada
- **DATE OF NAME CHANGE:** 20210201

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Tsien Bette
- **DATE OF NAME CHANGE:** 20210201

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Shivananda Sripada
- **DATE OF NAME CHANGE:** 20160331
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PayPal Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001633917
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **IRS NUMBER:** 472989869
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2211 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95131
- **BUSINESS PHONE:** (408) 967-1000

**MAIL ADDRESS:**
- **STREET 1:** 2211 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95131

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Shivananda Sripada<br><sub>(Last) (First) (Middle)</sub><br>C/O PAYPAL HOLDINGS, INC.<br>2211 NORTH FIRST STREET<br><sub>(Street)</sub><br>SAN JOSE, CA 95131<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP, Chief Technology Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>PayPal Holdings, Inc. [ PYPL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-01 |  | A |  | 24769<sup>(1)</sup> | A | $0.0 | 90887 | D |  |
| Common Stock | 2023-03-01 |  | F |  | 12320<sup>(2)</sup> | D | $73.82 | 78567 | D |  |
| Common Stock | 2023-03-01 |  | M |  | 5693 | A | $0.0 | 84260 | D |  |
| Common Stock | 2023-03-01 |  | M |  | 4125 | A | $0.0 | 88385 | D |  |
| Common Stock | 2023-03-01 |  | M |  | 9823 | A | $0.0 | 98208 | D |  |
| Common Stock | 2023-03-01 |  | F |  | 9740<sup>(3)</sup> | D | $73.82 | 88468 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units -4 | <sup>(4)</sup> | 2023-03-01 |  | M |  |  | 5693 | <sup>(5)</sup> | <sup>(6)</sup> | Common Stock | 5693 | $0.0 | 0 | D |  |
| Restricted Stock Units -5 | <sup>(4)</sup> | 2023-03-01 |  | M |  |  | 4125 | <sup>(5)</sup> | <sup>(6)</sup> | Common Stock | 4125 | $0.0 | 4124 | D |  |
| Restricted Stock Units -6 | <sup>(4)</sup> | 2023-03-01 |  | M |  |  | 9823 | <sup>(7)</sup> | <sup>(6)</sup> | Common Stock | 9823 | $0.0 | 19643 | D |  |
| Restricted Stock Units -7 | <sup>(4)</sup> | 2023-03-01 |  | A |  | 31673 |  | <sup>(7)</sup> | <sup>(6)</sup> | Common Stock | 31673 | $0.0 | 31673 | D |  |

---

### Footnotes:

(1) Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2020-2022 performance period, which were vested as shares of common stock on 3/1/2023.

(2) Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of common stock underlying PBRSUs on 3/1/2023.

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

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

(5) The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary.  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.

(6) Not applicable.

(7) 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.

**Remarks:**
Amount of securities beneficially owned following reported transaction in the first row of Table 1 includes 1 share acquired under PayPal's Employee Stock Purchase Plan.

**Signature:** By: Brian Yamasaki For: Sripada Shivananda  
**Date:** 2023-03-03

### Remarks:

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.**