Kereere Suzan 4

What Happened
Suzan Kereere, President, Global Markets at PayPal (PYPL), had restricted stock units (RSUs) convert into 69,725 shares (61,222 + 8,503) on Feb 15, 2026. Of those, 32,112 shares were withheld to satisfy tax withholding at $40.29/share, a value of $1,293,792. The remaining net shares delivered to her after withholding equal 37,613 shares. This was not an open-market sale — it reflects RSU vesting and tax withholding (cashless settlement), not a discretionary sale.

Key Details

• Transaction date: 2026-02-15; Form filed: 2026-02-17 (timely filing).
• Conversion (derivative exercise/conversion, code M): 61,222 and 8,503 RSUs converted to common shares at $0.00 per share (each RSU = 1 share).
• Tax withholding (code F): 32,112 shares withheld at $40.29/share for total withholding value of $1,293,792.
• Net shares received after withholding: 69,725 − 32,112 = 37,613 shares.
• Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = each RSU equals one share; F3/F5 = describe the two different vesting schedules for the RSU grants (2‑year and 3‑year schedules).
• Shares owned after the transaction (total holdings) were not specified in the provided excerpt of the filing.

Context

• This was a vesting/cashless settlement of RSUs (conversion of RSUs into shares with some shares withheld for taxes), which is a common administrative event and not the same as an open-market sale or a buy signal.
• For retail investors, tax-withholding disposals are routine and typically do not indicate the insider’s directional view on the stock.