PayPal: Pres. Checkout Sol. & PayPal Keller Frank received 1,639 shares

What happened

• Keller Frank, Pres., Checkout Sol. & PayPal, converted or exercised a derivative into 1,639 shares on Oct 15, 2026. The filing shows 907 shares were withheld to satisfy tax withholding at $56.10 per share for a total of $50,883. The filing also reports a derivative disposition of 1,639 shares at $0.

Key details

• Transaction date(s) and codes: Oct 15, 2026 — exercise/conversion of derivative (M) acquiring 1,639 shares at $0.00; Oct 15, 2026 — tax withholding (F) disposition of 907 shares at $56.10 for $50,883; Oct 15, 2026 — exercise/conversion (M) disposition of 1,639 shares at $0.00 (derivative).
• Filing date and period: filed Oct 16, 2026; period of report Oct 15, 2026.
• Shares owned after the transaction: not reported in the provided filing text.
• Relevant footnotes from the filing:
  • F1: Shares withheld to satisfy tax withholding obligations in connection with vesting of restricted stock units.
  • F2: Each restricted stock unit represents a contingent right to receive one share of common stock.
  • F3: The RSU grant was made Apr 15, 2024, with a multi-year vesting schedule (1/3 after one year, then quarterly vesting through year three).
• No indication in the provided text that the filing was late.

Why it may matter

• The filing reports conversion/vesting of restricted stock units and associated tax-withholding shares, which is a cashless-type settlement where shares are withheld to cover taxes.
• The filing reports exercise or conversion of a derivative (code M) and a tax-withholding disposition (code F).
• A filing does not show why the insider traded or why the company acted.