PayPal (PYPL) President Suzan Kereere Exercises RSUs, Sells 3,524 Shares

What Happened
Suzan Kereere, President, Global Markets at PayPal, had 6,903 restricted stock units (RSUs) convert to common shares on September 1, 2026. Of those shares, 3,524 were withheld to satisfy tax withholding obligations at $52.66 per share (total withheld value $185,591). The vesting/conversion resulted in a net receipt of approximately 3,379 shares (6,903 vested − 3,524 withheld), a routine non‑purchase event rather than an open‑market buy.

Key Details

• Transaction date: 2026-09-01 (reported on Form 4 filed 2026-09-03). Filing appears timely.
• Actions reported: Exercise/conversion of derivative (M) — 6,903 RSUs converted to shares (acquired); Payment/tax withholding (F) — 3,524 shares withheld/disposed at $52.66, $185,591.
• Net shares retained after withholding: ~3,379 shares (6,903 − 3,524). Approximate value of net shares at $52.66: ~$177,940.
• Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = each RSU converts to one share; F3 = RSU grant dated March 1, 2025 with a multi‑year vesting schedule; F4 = not applicable.
• Shares owned after transaction: Not disclosed in this filing.
• Timeliness: Reported within standard Form 4 timing (no late filing indicator).

Context
This was a routine RSU vesting and tax‑withholding event (net share settlement), not an open‑market sale or purchase. Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion), F = shares withheld for taxes. Such withholding is administrative and does not by itself indicate a change in insider sentiment.