Kereere Suzan 4

What Happened
Suzan Kereere, President, Global Markets at PayPal, had 8,504 restricted stock units (RSUs) convert into 8,504 shares on May 15, 2026 (reported as derivative exercise/conversion, code M). To satisfy tax withholding obligations (code F), 4,342 of those shares were withheld (disposed) at an indicated value of $45.04 per share, totaling $195,564. The conversion itself shows $0 cash paid (typical for RSU vesting).

Key Details

• Transaction date: 2026-05-15.
• Conversion: 8,504 RSUs -> 8,504 shares (reported as M, exercise/conversion of derivative) at $0.00.
• Tax withholding: 4,342 shares withheld/disposed at $45.04 per share = $195,564 (reported as F).
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share upon vesting; F3 = RSU grant subject to a three‑year vesting schedule.
• Shares owned after the transaction: not provided in the supplied filing excerpt.
• Filing timeliness: Reported and filed with a period of report dated 2026-05-15 (no late-filing indication in this excerpt).

Context
This was a routine vesting of RSUs rather than an open‑market purchase or discretionary sale. The withholding of shares to cover taxes is a common, administrative “cashless” step and does not necessarily indicate a directional view on the stock. For retail investors, purchases by insiders can be more informative than routine tax-withholding disposals like this one.