DORMAN DAVID W 4

What Happened David W. Dorman, a PayPal (PYPL) director, was granted 8,271 shares of common stock on 2026-05-19 as a fully vested stock payment award (transaction code A). The filing shows an acquisition price of $0.00 per share; per the filing footnote the grant reflects a cash-equivalent award of $362,500 converted into shares based on PayPal's closing price the grant date.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-20 (timely; within SEC reporting window).
• Shares granted: 8,271; reported acquisition price: $0.00 (award).
• Award value: $362,500 (per footnote — number of shares = $362,500 ÷ closing price on grant date, rounded up).
• Shares owned after transaction: not specified in this filing.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or late-filing notes reported.

Context This was a routine, fully vested director compensation award under PayPal's Independent Director Compensation Policy, not an open-market purchase or sale. Such awards are standard for non-employee directors and reflect compensation rather than a direct buy/sell signal about the stock.