PROPOSAL7:STOCKHOLDERPROPOSAL–PAYPALTRANSPARENCYREPORTS OurBoardhascarefullyconsideredtheProposal,andforthereasonssetforthabove,theBoardbelievesthatdevoting additional time and resourcesto the proposedreportingwouldbeunnecessary,costlyandwouldonlydistractfromthe ongoingprogramsalreadyinplaceatPayPal.Therefore,ourBoardbelievesthattheProposalisnotinthebestinterestsof PayPalanditsstockholders. THEBOARDRECOMMENDSAVOTEAGAINSTSTOCKHOLDERPROPOSAL7. 104 •2023ProxyStatement