FINHUB Insights

What the executives and directors of PayPal actually did with their own shares, decoded from three years of SEC Form 4 filings.

−$7.6M net open-market flow, 12 m
1 open-market buys, 12 m
80% of sale value on 10b5-1 plans
52 days since an insider bought

The tape: three years of insider trades

Open-market buy Discretionary sale Planned sale (10b5-1) Reported-price path Routine
$20$40$60$802024Jul2025Jul2026JulSCHULMAN DANIEL H — routine flow, 11K (2023-09-01)Auerbach Jonathan — routine flow, 4,595 (2023-09-01)Karczmer Aaron — routine flow, 4,768 (2023-09-01)Alford Peggy — routine flow, 4,593 (2023-09-01)Scheibe Gabrielle — routine flow, 1,265 (2023-09-01)MOFFETT DAVID M — routine flow, 18.4K (2023-09-08)Scheibe Gabrielle — routine flow, 3,178 (2023-09-15)SCHULMAN DANIEL H — routine flow, 63.5K (2023-09-27)Kim John C. — routine flow, 19.8K (2023-10-15)Scheibe Gabrielle — routine flow, 6,892 (2023-10-15)Auerbach Jonathan — routine flow, 4,593 (2023-12-01)Karczmer Aaron — routine flow, 4,767 (2023-12-01)Alford Peggy — routine flow, 4,591 (2023-12-01)SCHULMAN DANIEL H — routine flow, 63.5K (2023-12-11)DORMAN DAVID W — routine flow, 1,872 (2024-01-02)Donahoe John J — routine flow, 2,726 (2024-01-02)Sarnoff Ann — routine flow, 1,628 (2024-01-02)Yeary Frank D — routine flow, 1,628 (2024-01-02)LORES ENRIQUE — routine flow, 1,628 (2024-01-02)Johnson Belinda J. — routine flow, 1,628 (2024-01-02)Karczmer Aaron — routine flow, 16.9K (2024-02-15)Chriss James Alexander — routine flow, 16.7K (2024-02-15)Keller Frank — routine flow, 6,573 (2024-02-15)Karczmer Aaron — routine flow, 38.1K (2024-03-01)Keller Frank — routine flow, 16.3K (2024-03-01)DORMAN DAVID W — routine flow, 4,422 (2024-05-22)MOFFETT DAVID M — routine flow, 4,422 (2024-05-22)MCGOVERN GAIL J — routine flow, 4,422 (2024-05-22)Donahoe John J — routine flow, 5,829 (2024-05-22)Sarnoff Ann — routine flow, 4,422 (2024-05-22)Adkins Rodney C — routine flow, 4,422 (2024-05-22)Yeary Frank D — routine flow, 4,422 (2024-05-22)CHRISTODORO JONATHAN — routine flow, 4,422 (2024-05-22)LORES ENRIQUE — routine flow, 4,422 (2024-05-22)MESSEMER DEBORAH M. — routine flow, 4,422 (2024-05-22)Keller Frank — routine flow, 4,932 (2024-06-01)Di Sibio Carmine — routine flow, 4,249 (2024-07-01)LORES ENRIQUE — routine flow, 1,916 (2024-07-24)Keller Frank — routine flow, 4,932 (2024-09-01)Chriss James Alexander — routine flow, 263.8K (2024-10-15)Keller Frank — routine flow, 4,932 (2024-12-01)Miller Jamie S — routine flow, 72.5K (2024-12-15)Gill Michelle — routine flow, 71.8K (2024-12-15)DORMAN DAVID W — routine flow, 1,335 (2025-01-02)Yeary Frank D — routine flow, 1,161 (2025-01-02)LORES ENRIQUE — routine flow, 1,944 (2025-01-02)Scotti Diego — routine flow, 51.7K (2025-01-15)Chriss James Alexander — routine flow, 35.5K (2025-01-15)Kereere Suzan — routine flow, 142K (2025-02-15)Keller Frank — routine flow, 26.4K (2025-03-01)Chik Joy — routine flow, 807 (2025-03-10)Miller Jamie S — routine flow, 18.1K (2025-03-15)Gill Michelle — routine flow, 18.1K (2025-03-15)Scotti Diego — routine flow, 13.3K (2025-04-15)Chriss James Alexander — routine flow, 35.5K (2025-04-15)Webster Aaron — routine flow, 95.4K (2025-04-15)Keller Frank — routine flow, 31K (2025-04-15)Kereere Suzan — routine flow, 12.8K (2025-05-15)Keller Frank — routine flow, 9,000 (2025-06-01)DORMAN DAVID W — routine flow, 3,795 (2025-06-05)MOFFETT DAVID M — routine flow, 3,795 (2025-06-05)MCGOVERN GAIL J — routine flow, 3,795 (2025-06-05)Sarnoff Ann — routine flow, 3,795 (2025-06-05)Yeary Frank D — routine flow, 3,795 (2025-06-05)CHRISTODORO JONATHAN — routine flow, 3,795 (2025-06-05)LORES ENRIQUE — routine flow, 5,003 (2025-06-05)MESSEMER DEBORAH M. — routine flow, 3,795 (2025-06-05)Di Sibio Carmine — routine flow, 3,795 (2025-06-05)Chik Joy — routine flow, 3,795 (2025-06-05)Miller Jamie S — routine flow, 18.1K (2025-06-15)Gill Michelle — routine flow, 18K (2025-06-15)DORMAN DAVID W — routine flow, 146 (2025-06-23)Yeary Frank D — routine flow, 131 (2025-06-23)Stanley Deirdre — routine flow, 4,322 (2025-06-24)Scotti Diego — routine flow, 13.3K (2025-07-15)Chriss James Alexander — routine flow, 35.5K (2025-07-15)Webster Aaron — routine flow, 12.4K (2025-07-15)Natali Chris — routine flow, 14.7K (2025-07-15)Keller Frank — routine flow, 2,546 (2025-07-15)Kereere Suzan — routine flow, 12.8K (2025-08-15)Keller Frank — routine flow, 8,997 (2025-09-01)Miller Jamie S — routine flow, 18.1K (2025-09-15)Gill Michelle — routine flow, 18K (2025-09-15)Scotti Diego — routine flow, 13.3K (2025-10-15)Chriss James Alexander — routine flow, 162.5K (2025-10-15)Webster Aaron — routine flow, 12.4K (2025-10-15)Natali Chris — routine flow, 4,080 (2025-10-15)Keller Frank — routine flow, 2,546 (2025-10-15)Kereere Suzan — routine flow, 12.8K (2025-11-15)Keller Frank — routine flow, 8,997 (2025-12-01)Miller Jamie S — routine flow, 18.1K (2025-12-15)Gill Michelle — routine flow, 18K (2025-12-15)DORMAN DAVID W — routine flow, 2,150 (2026-01-02)LORES ENRIQUE — routine flow, 2,881 (2026-01-02)Stanley Deirdre — routine flow, 1,892 (2026-01-02)Scotti Diego — routine flow, 12.2K (2026-01-15)Chriss James Alexander — routine flow, 33K (2026-01-15)Webster Aaron — routine flow, 11.3K (2026-01-15)Natali Chris — routine flow, 3,835 (2026-01-15)Keller Frank — routine flow, 2,387 (2026-01-15)DORMAN DAVID W — routine flow, 2,085 (2026-02-02)Kereere Suzan — routine flow, 101.8K (2026-02-15)Miller Jamie S — routine flow, 44.8K (2026-03-01)Scotti Diego — routine flow, 42.9K (2026-03-01)Gill Michelle — routine flow, 41.2K (2026-03-01)Webster Aaron — routine flow, 26.8K (2026-03-01)Kereere Suzan — routine flow, 41.7K (2026-03-01)Natali Chris — routine flow, 6,058 (2026-03-01)Keller Frank — routine flow, 102.8K (2026-03-01)Miller Jamie S — routine flow, 18.1K (2026-03-15)Gill Michelle — routine flow, 17.8K (2026-03-15)Henry Alyssa — routine flow, 1,210 (2026-03-25)Scotti Diego — routine flow, 13.3K (2026-04-15)Webster Aaron — routine flow, 12.4K (2026-04-15)Natali Chris — routine flow, 3,669 (2026-04-15)Keller Frank — routine flow, 2,546 (2026-04-15)Kereere Suzan — routine flow, 12.8K (2026-05-15)DORMAN DAVID W — routine flow, 8,271 (2026-05-19)MOFFETT DAVID M — routine flow, 6,275 (2026-05-19)Sarnoff Ann — routine flow, 6,275 (2026-05-19)Yeary Frank D — routine flow, 6,275 (2026-05-19)CHRISTODORO JONATHAN — routine flow, 6,275 (2026-05-19)Henry Alyssa — routine flow, 6,275 (2026-05-19)Stanley Deirdre — routine flow, 6,275 (2026-05-19)MESSEMER DEBORAH M. — routine flow, 6,275 (2026-05-19)Di Sibio Carmine — routine flow, 6,275 (2026-05-19)Chik Joy — routine flow, 6,275 (2026-05-19)Miller Jamie S — routine flow, 11.2K (2026-06-01)Webster Aaron — routine flow, 6,699 (2026-06-01)Kereere Suzan — routine flow, 10.4K (2026-06-01)Natali Chris — routine flow, 1,516 (2026-06-01)Keller Frank — routine flow, 16K (2026-06-01)Miller Jamie S — routine flow, 18.1K (2026-06-15)Webster Aaron — routine flow, 12.4K (2026-07-15)Natali Chris — routine flow, 3,669 (2026-07-15)Keller Frank — routine flow, 2,546 (2026-07-15)Routine: vests, tax, giftsScheibe Gabrielle (CFO) — Planned sale (10b5-1): 213 @ $63.38 = $13K (2023-09-05)Auerbach Jonathan (Officer) — Planned sale (10b5-1): 65K @ $55.58 = $3.6M (2023-11-21)Scotti Diego (Officer) — Planned sale (10b5-1): 3,839 @ $73.24 = $281K (2025-06-06)Kereere Suzan (Officer) — Planned sale (10b5-1): 4,162 @ $73.24 = $305K (2025-06-06)Scotti Diego (Officer) — Planned sale (10b5-1): 3,838 @ $69.12 = $265K (2025-07-31)Kereere Suzan (Officer) — Planned sale (10b5-1): 4,162 @ $69.39 = $289K (2025-08-19)Scotti Diego (Officer) — Planned sale (10b5-1): 3,838 @ $68.97 = $265K (2025-10-30)Kereere Suzan (Officer) — Planned sale (10b5-1): 5,000 @ $69.52 = $348K (2025-10-30)Kereere Suzan (Officer) — Planned sale (10b5-1): 4,162 @ $59.84 = $249K (2025-11-19)Keller Frank (Officer) — Planned sale (10b5-1): 3,478 @ $40.2 = $140K (2026-02-06)Natali Chris (Officer) — Planned sale (10b5-1): 1,213 @ $40.49 = $49K (2026-02-17)Kereere Suzan (Officer) — Planned sale (10b5-1): 37.6K @ $41.49 = $1.6M (2026-02-18)Kereere Suzan (Officer) — Planned sale (10b5-1): 13.5K @ $46.02 = $622K (2026-03-03)Natali Chris (Officer) — Planned sale (10b5-1): 2,208 @ $44.73 = $99K (2026-03-03)Keller Frank (Officer) — Planned sale (10b5-1): 29.6K @ $46.02 = $1.4M (2026-03-03)Natali Chris (Officer) — Planned sale (10b5-1): 1,337 @ $49.46 = $66K (2026-04-29)Keller Frank (Officer) — Planned sale (10b5-1): 10.7K @ $49.96 = $536K (2026-04-29)Kereere Suzan (Officer) — Planned sale (10b5-1): 4,162 @ $44.2 = $184K (2026-05-19)Kereere Suzan (Officer) — Planned sale (10b5-1): 3,379 @ $42.79 = $145K (2026-06-03)Natali Chris (Officer) — Planned sale (10b5-1): 552 @ $42.65 = $24K (2026-06-03)Keller Frank (Officer) — Planned sale (10b5-1): 4,612 @ $42.54 = $196K (2026-06-03)Natali Chris (Officer) — Planned sale (10b5-1): 1,337 @ $58.1 = $78K (2026-07-29)Keller Frank (Officer) — Planned sale (10b5-1): 732 @ $58.1 = $43K (2026-07-29)Alford Peggy (Officer) — Discretionary sale: 15K @ $56.76 = $851K (2023-11-27)Keller Frank (Officer) — Discretionary sale: 7,686 @ $60.64 = $466K (2024-03-01)MESSEMER DEBORAH M. (Director) — Discretionary sale: 4,422 @ $61.65 = $273K (2024-05-24)MCGOVERN GAIL J (Director) — Discretionary sale: 2,446 @ $72.15 = $176K (2025-02-27)MESSEMER DEBORAH M. (Director) — Discretionary sale: 3,795 @ $73 = $277K (2025-06-06)Natali Chris (Officer) — Discretionary sale: 7,102 @ $69.35 = $493K (2025-07-31)Natali Chris (Officer) — Discretionary sale: 1,374 @ $69.13 = $95K (2025-10-30)Kereere Suzan (Officer) — Discretionary sale: 12.5K @ $68.87 = $861K (2025-11-03)Webster Aaron (Officer) — Discretionary sale: 9,282 @ $66.29 = $615K (2025-11-10)×3Miller Jamie S (Officer) — Open-market buy: 6,129 @ $41.53 = $255K (2026-06-15)Kereere $861KAlford $851K

Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.

Where the shares went, last 12 months

Granted: 107.7KGranted 107.7KVested / exercised: 597.3KVested / exercised 597.3KBought on market: 6,129Bought on market 6,129Withheld for tax: 314.9KWithheld for tax 314.9KPlanned sales (10b5-1): 131.6KPlanned sales (10b5-1) 131.6KDiscretionary sales: 23.2KDiscretionary sales 23.2KKept: 241.5KKept 241.5K

Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.

Skin in the game

1002023202420252026Gill MichelleMOFFETT DAVID MDORMAN DAVID WGill 282.8Dorman 178.4Moffett 104.9

Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.

Who holds what

Insider Role Shares held Buys 12 m Sales 12 m 12 m Last trade
SCHULMAN DANIEL H Director 619K 2023-02-17
Chriss James Alexander President and CEO CEO 206.1K
Karczmer Aaron EVP, Chief Enterprise Services Officer 137K 2021-03-03
Donahoe John J Director 82.3K 2021-11-09
Auerbach Jonathan Chief Strat., Gr & Data Ofr Officer 82.1K 2023-11-21
DORMAN DAVID W Director 81.6K 2022-02-08
Miller Jamie S Chief Fin & Op Officer Officer 80.1K $255K 2026-06-15
MOFFETT DAVID M Director 77.3K 2020-08-27
Gill Michelle EVP, GM, SMB & Financial Svcs Officer 71.4K
Webster Aaron EVP, Global Chief Risk Officer Officer 64.5K $615K 2025-11-10
Yeary Frank D Director 61.5K 2022-02-18
CHRISTODORO JONATHAN Director 47.8K
Alford Peggy EVP, Global Sales Officer 43.7K 2023-11-27
Scotti Diego EVP, GM Consumer Group Officer 42.9K $265K 2025-10-30

Open-market trade log

Date Insider Type Shares Price Value Since trade Filed
2026-07-29 Natali Chris (Officer) Planned sale (10b5-1) 1,337 $58.10 $78K 0% 2026-07-30
2026-07-29 Keller Frank (Officer) Planned sale (10b5-1) 732 $58.10 $43K 0% 2026-07-30
2026-06-15 Miller Jamie S (Officer) Open-market buy 6,129 $41.53 $255K +39.9% 2026-06-16
2026-06-03 Kereere Suzan (Officer) Planned sale (10b5-1) 3,379 $42.79 $145K +35.8% 2026-06-04
2026-06-03 Natali Chris (Officer) Planned sale (10b5-1) 552 $42.65 $24K +36.2% 2026-06-04
2026-06-03 Keller Frank (Officer) Planned sale (10b5-1) 4,612 $42.54 $196K +36.6% 2026-06-04
2026-05-19 Kereere Suzan (Officer) Planned sale (10b5-1) 200 $44.87 $9K +29.5% 2026-05-20
2026-05-19 Kereere Suzan (Officer) Planned sale (10b5-1) 3,962 $44.16 $175K +31.6% 2026-05-20
2026-04-29 Natali Chris (Officer) Planned sale (10b5-1) 1,337 $49.46 $66K +17.5% 2026-04-30
2026-04-29 Keller Frank (Officer) Planned sale (10b5-1) 732 $49.46 $36K +17.5% 2026-04-30
2026-04-29 Keller Frank (Officer) Planned sale (10b5-1) 10K $50.00 $500K +16.2% 2026-04-30
2026-03-03 Kereere Suzan (Officer) Planned sale (10b5-1) 700 $46.80 $33K +24.2% 2026-03-04
2026-03-03 Kereere Suzan (Officer) Planned sale (10b5-1) 4,000 $45.18 $181K +28.6% 2026-03-04
2026-03-03 Kereere Suzan (Officer) Planned sale (10b5-1) 8,815 $46.34 $408K +25.4% 2026-03-04
2026-03-03 Natali Chris (Officer) Planned sale (10b5-1) 2,208 $44.73 $99K +29.9% 2026-03-04
2026-03-03 Keller Frank (Officer) Planned sale (10b5-1) 1,204 $46.82 $56K +24.1% 2026-03-04
2026-03-03 Keller Frank (Officer) Planned sale (10b5-1) 8,901 $45.19 $402K +28.6% 2026-03-04
2026-03-03 Keller Frank (Officer) Planned sale (10b5-1) 19.5K $46.35 $903K +25.4% 2026-03-04
2026-02-18 Kereere Suzan (Officer) Planned sale (10b5-1) 6,200 $41.67 $258K +39.4% 2026-02-19
2026-02-18 Kereere Suzan (Officer) Planned sale (10b5-1) 31.4K $41.45 $1.3M +40.2% 2026-02-19
2026-02-17 Natali Chris (Officer) Planned sale (10b5-1) 1,213 $40.49 $49K +43.5% 2026-02-18
2026-02-06 Keller Frank (Officer) Planned sale (10b5-1) 3,478 $40.20 $140K +44.5% 2026-02-09
2025-11-19 Kereere Suzan (Officer) Planned sale (10b5-1) 200 $60.57 $12K -4.1% 2025-11-20
2025-11-19 Kereere Suzan (Officer) Planned sale (10b5-1) 3,962 $59.80 $237K -2.8% 2025-11-20
2025-11-10 Webster Aaron (Officer) Discretionary sale 934 $66.29 $62K -12.4% 2025-11-12
2025-11-10 Webster Aaron (Officer) Discretionary sale 1,150 $66.30 $76K -12.4% 2025-11-12
2025-11-10 Webster Aaron (Officer) Discretionary sale 7,198 $66.29 $477K -12.4% 2025-11-12
2025-11-03 Kereere Suzan (Officer) Discretionary sale 2,500 $68.96 $172K -15.8% 2025-11-04
2025-11-03 Kereere Suzan (Officer) Discretionary sale 10K $68.85 $689K -15.6% 2025-11-04
2025-10-30 Scotti Diego (Officer) Planned sale (10b5-1) 141 $70.20 $10K -17.2% 2025-10-31
2025-10-30 Scotti Diego (Officer) Planned sale (10b5-1) 1,800 $69.47 $125K -16.4% 2025-10-31
2025-10-30 Scotti Diego (Officer) Planned sale (10b5-1) 1,897 $68.41 $130K -15.1% 2025-10-31
2025-10-30 Kereere Suzan (Officer) Planned sale (10b5-1) 5,000 $69.52 $348K -16.4% 2025-10-31
2025-10-30 Natali Chris (Officer) Discretionary sale 1,374 $69.13 $95K -16% 2025-10-31
2025-08-19 Kereere Suzan (Officer) Planned sale (10b5-1) 330 $70.29 $23K -17.3% 2025-08-20
2025-08-19 Kereere Suzan (Officer) Planned sale (10b5-1) 3,832 $69.31 $266K -16.2% 2025-08-20
2025-07-31 Scotti Diego (Officer) Planned sale (10b5-1) 569 $69.77 $40K -16.7% 2025-08-01
2025-07-31 Scotti Diego (Officer) Planned sale (10b5-1) 3,269 $69.01 $226K -15.8% 2025-08-01
2025-07-31 Natali Chris (Officer) Discretionary sale 7,102 $69.35 $493K -16.2% 2025-08-01
2025-06-06 Scotti Diego (Officer) Planned sale (10b5-1) 3,839 $73.24 $281K -20.7% 2025-06-09
2025-06-06 MESSEMER DEBORAH M. (Director) Discretionary sale 3,795 $73.00 $277K -20.4% 2025-06-06
2025-06-06 Kereere Suzan (Officer) Planned sale (10b5-1) 4,162 $73.24 $305K -20.7% 2025-06-09
2025-02-27 MCGOVERN GAIL J (Director) Discretionary sale 2,446 $72.15 $176K -19.5% 2025-02-28
2024-05-24 MESSEMER DEBORAH M. (Director) Discretionary sale 4,422 $61.65 $273K -5.8% 2024-05-24
2024-03-01 Keller Frank (Officer) Discretionary sale 7,686 $60.64 $466K -4.2% 2024-03-04
2023-11-27 Alford Peggy (Officer) Discretionary sale 15K $56.76 $851K +2.4% 2023-11-28
2023-11-21 Auerbach Jonathan (Officer) Planned sale (10b5-1) 2,728 $56.48 $154K +2.9% 2023-11-22
2023-11-21 Auerbach Jonathan (Officer) Planned sale (10b5-1) 62.2K $55.54 $3.5M +4.6% 2023-11-22
2023-09-05 Scheibe Gabrielle (CFO) Planned sale (10b5-1) 213 $63.38 $13K -8.3% 2023-09-05
2023-02-17 SCHULMAN DANIEL H (CEO) Open-market buy 26.1K $76.17 $2M -23.7% 2023-02-17
2022-09-16 Scheibe Gabrielle (Officer) Discretionary sale 150 $94.95 $14K -38.8% 2022-09-16
2022-08-04 Alford Peggy (Officer) Discretionary sale 21.8K $97.82 $2.1M -40.6% 2022-08-05
2022-05-06 Britto Mark (Officer) Open-market buy 7,370 $81.04 $597K -28.3% 2022-05-09
2022-05-06 Alford Peggy (Officer) Discretionary sale 14.8K $85.32 $1.3M -31.9% 2022-05-09
2022-05-04 LORES ENRIQUE (Director) Open-market buy 1,100 $88.13 $97K -34.1% 2022-05-05
2022-03-04 Auerbach Jonathan (Officer) Discretionary sale 40.7K $100.62 $4.1M -42.3% 2022-03-07
2022-02-28 Alford Peggy (Officer) Discretionary sale 926 $110.31 $102K -47.3% 2022-03-02
2022-02-18 Yeary Frank D (Director) Open-market buy 4,500 $103.96 $468K -44.1% 2022-02-22
2022-02-08 DORMAN DAVID W (Director) Open-market buy 8,400 $119.33 $1M -51.3% 2022-02-09
2022-02-04 Yeary Frank D (Director) Open-market buy 4,000 $124.85 $499K -53.5% 2022-02-08

“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.

Filing hygiene

197 Forms 4, 3 years
1 filed late
1 amendments
1.9 avg. days to file

How to read this

A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.

Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.

Every number on this page comes from Forms 3, 4 and 5 filed with the SEC, refreshed daily. Browse the source filings on SEC EDGAR. Data through 2026-08-06