PayPal President Keller Frank Sells 4,612 Shares

What Happened Keller Frank, President, Checkout Solutions & PayPal at PayPal Holdings (PYPL), sold a total of 4,612 shares on 2026-09-03 in three tranches, generating roughly $255,656 in proceeds. The reported transactions were dispositions (sales) executed as open-market or private sales: 2,427 shares at a weighted average price reported as $54.68 (proceeds $132,716), 1,000 shares at $55.74 ($55,741), and 1,185 shares at $56.71 (~$67,199). These sales were reported on Form 4 and were made under a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-09-03 (all three tranches).
• Prices / ranges:
  • 2,427 shares — reported avg $54.68 (actual execution prices ranged $54.10–$54.91) [F1].
  • 1,000 shares — reported avg $55.74 (prices ranged $55.52–$56.42) [F2].
  • 1,185 shares — reported avg $56.71 (prices ranged $56.53–$56.84) [F3].
• Total shares sold: 4,612; reported proceeds ≈ $255,656.
• Plan: Transactions were made pursuant to a Rule 10b5-1 plan adopted October 30, 2025.
• Shares owned after transaction: not stated in the provided filing excerpt.
• Filing timeliness: Form 4 was filed on 2026-09-08. This is within the two-business-day reporting window (Sept 7 was a holiday), so the filing is timely.

Context

• These were sales, not purchases; sales executed under a pre-established 10b5-1 plan are often routine and scheduled, and do not by themselves indicate insider sentiment about the company. For retail investors, purchases or departures can sometimes be more informative than routine plan-based sales.