Keller Frank 4

What Happened Frank Keller, President of Checkout Solutions & PayPal, sold a total of 10,732 PayPal shares in two open-market transactions on April 29, 2026. He disposed of 732 shares at $49.46 each for $36,205, and 10,000 shares at $50.00 each for $500,000, for combined proceeds of approximately $536,205. These were sales (not purchases), which are often routine insider liquidity events rather than a direct bullish signal.

Key Details

• Transactions: April 29, 2026 — 732 shares @ $49.46 ($36,205) and 10,000 shares @ $50.00 ($500,000); total = 10,732 shares for ~$536,205.
• Method: Reported as open-market or private sale (code S).
• Plan: Trades executed pursuant to a Rule 10b5-1 plan adopted October 30, 2025.
• Shares owned after transaction: Not specified in the summary provided.
• Filing timeliness: Form 4 filed April 30, 2026 for trades on April 29 — appears to be timely (no late-filing flag).

Context A 10b5-1 plan lets insiders sell shares on a pre-set schedule and reduces the extent to which a sale reflects the insider’s current view of the company. Sales are common for liquidity, diversification, or tax planning; they are not direct indicators of company performance.