Keller Frank 4

4 · PayPal Holdings, Inc. · Filed Apr 16, 2026

AI-generated summary of this filing

Updated Apr 16, 2026

PayPal (PYPL) EVP Frank Keller Receives RSUs; 907 Shares Withheld

What Happened

Frank Keller, EVP and GM, Large Enterprise & Merchant Platform at PayPal, had 1,639 restricted stock units (RSUs) convert to common shares on April 15, 2026. Of those, 907 shares were withheld to satisfy tax withholding at $47.97 per share, totaling $43,509. The conversion shows an effective exercise/conversion price of $0 for the RSUs; after withholding Keller received a net 732 shares.
This was a vesting/award event (receipt of shares) rather than an open-market purchase or deliberate sale. The withholding of shares for taxes is a routine administrative step, not necessarily a signal of insider sentiment.

Key Details

Transaction date: 2026-04-15; Form filed: 2026-04-16 (timely).
Conversion (code M): 1,639 RSUs converted to shares at $0.00.
Tax withholding (code F): 907 shares withheld at $47.97/share = $43,509.
Net shares delivered to insider: 732 (1,639 − 907).
Footnotes: F1–F3 indicate shares were withheld to satisfy tax obligations and that each RSU equals one share; the grant vests over three years per the stated schedule.
Shares owned after the transaction are not specified in the provided filing excerpt.

Context

RSU conversion is essentially receipt of vested company stock (no cash outlay to exercise). The withheld shares cover tax obligations and are common in RSU vesting events (a cashless/withholding arrangement), not an open-market sale.
Such administrative withholdings are routine and typically do not by themselves indicate an insider’s bullish or bearish view.

Form 4

Period: 2026-04-15

Pres., Checkout Sol. & PayPal

Transactions

Exercise/Conversion
Common Stock
2026-04-15+1,639→ 53,206 total
Tax Payment
Common Stock
[F1]
2026-04-15$47.97/sh−907$43,509→ 52,299 total
Exercise/Conversion
Restricted Stock Units -8
[F2][F3][F4]
2026-04-15−1,639→ 6,556 total
→ Common Stock (1,639 underlying)

Footnotes (4)

[F1]Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person.
[F2]Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
[F3]The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award, and 1/12 on each quarterly anniversary of the grant date thereafter until the third anniversary of the grant date, on which date the grant shall be fully vested. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
[F4]Not applicable.

Signature

By: Brian Yamasaki For: Frank Keller|2026-04-16

1 file