Natali Chris 4

What Happened

• Natali Chris, SVP and Chief Accounting Officer at PayPal, had 2,726 restricted stock units (RSUs) vest/convert into 2,726 shares on April 15, 2026. The conversion is reported as a derivative exercise (code M) at $0.00 per share (typical for RSU vesting).
• To cover tax withholding, 943 of those shares were surrendered (code F) at an implied value of $47.97 per share, totaling $45,236. The remaining vested shares were retained by the reporting person.

Key Details

• Transaction date: 2026-04-15; Form 4 filed 2026-04-16 (timely).
• Conversion: 2,726 RSUs → 2,726 shares (reported at $0.00 per share).
• Tax withholding: 943 shares withheld/paid, price shown $47.97, proceeds/value $45,236.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1–F3 note that shares were withheld to satisfy tax obligations and that each RSU equals one share; the award vests on a three‑year schedule (1/3 after one year, then quarterly thereafter).
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld for tax withholding.

Context

• This was not a market buy or open‑market sale but the routine vesting/conversion of an equity award (RSUs) with a portion withheld to cover taxes — a common administrative transaction that does not necessarily indicate a change in insider sentiment.
• For RSU vesting, the $0.00 per-share "price" reflects that no cash purchase occurred; the taxable value is reflected by the withholding calculation.