Natali Chris 4

What Happened
Chris Natali, PayPal’s SVP and Chief Accounting Officer, had restricted/derivative awards convert into 1,126 shares on June 1, 2026 (1,023 + 103). Of those, 390 shares were withheld/disposed to satisfy tax withholding at $44.75 per share, totaling $17,453. The filing shows the derivative interests were converted (code M) and the tax withholding was reported as a share-for-tax payment (code F).

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 2, 2026 (appears timely).
• Converted/issued: 1,126 shares (1,023 + 103) from derivative/RSU conversion (reported at $0.00 per share).
• Shares withheld for taxes: 390 shares sold/withheld at $44.75 each = $17,453.
• Net shares issued to Natali (after withholding): 1,126 − 390 = 736 shares issued to her.
• Footnotes: Vesting relates to RSU grants (one dated March 1, 2025 and another March 15, 2025) with three-year vesting schedules described in the filing; F1–F5 explain these are RSUs and the withholding was to satisfy tax obligations.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• This was a routine RSU vesting and tax-withholding transaction (a cashless/tax-withholding disposition), not an open-market sale or purchase. Such withholdings are common when equity awards vest and do not necessarily indicate a change in insider sentiment.
• Code notes: M = exercise/conversion of a derivative (RSU conversion here); F = shares withheld/used to pay tax liabilities.