Natali Chris 4

What Happened

• Chris Natali, SVP and Chief Accounting Officer at PayPal (PYPL), had 2,726 restricted stock units (RSUs) convert to 2,726 shares on 2026-07-15. The conversion shows a $0 exercise price (typical for RSU settlement).
• To satisfy tax withholding, 943 of those shares were withheld at $47.37 per share (total withheld value ≈ $44,670). Net shares issued to Natali = 1,783.
• This is not an open-market purchase or sale for investment; it is the routine vesting and settlement of RSUs.

Key Details

• Transaction date: 2026-07-15; Form 4 filed 2026-07-16 (timely).
• Entries on the Form 4: M (exercise/conversion) for 2,726 shares acquired at $0.00; F (payment of tax liability) for 943 shares disposed at $47.37 (≈ $44,670).
• Net new shares received by the insider: 1,783 (2,726 vested − 943 withheld).
• Footnotes: these were restricted stock units (each RSU = 1 share) subject to a three-year vesting schedule (1/3 at year one, then quarterly 1/12 thereafter); the F footnote confirms shares were withheld to satisfy tax withholding.
• Shares owned after the transaction: not specified in the filing.

Context

• This was a standard RSU vesting and tax-withholding event (a common form of insider compensation), not a market buy or sell that signals a trading decision.
• The Form 4 shows conversion/settlement mechanics (derivative-to-share conversion and withholding), and no cashless sale or open-market trade by the insider beyond the withholding for taxes.