PROPOSAL6:STOCKHOLDERPROPOSAL–REPRODUCTIVERIGHTSANDDATAPRIVACY PROPOSAL6: StockholderProposal–ReproductiveRightsandData Privacy Tara Health Foundation,whoseaddressis36LomaRoad,PalomarPark,CA94062,hasadvisedtheCompanythatitintends to presentthefollowingstockholderproposalattheAnnualMeeting.TaraHealthFoundationhasindicatedthatitholds sufficient shares of PayPal common stock to meet the requirementsof Rule 14a-8. The stockholderproposalwill be voted onattheAnnualMeetingonlyifproperlypresentedbyoronbehalfoftheproponent. Thetextofthestockholderproposalandsupportingstatement(includingfootnotes)appearexactlyasreceivedbythe Companyunlessotherwisenoted.Allstatementscontainedinthestockholderproposalandsupportingstatementarethe sole responsibilityof the proponent.The stockholderproposalmay containassertionsabouttheCompanyorothermatters that we believeare incorrect,but we have not attemptedto refute all those assertions. THEBOARDRECOMMENDSAVOTEAGAINSTSTOCKHOLDERPROPOSAL6BASEDONTHEREASONS SETFORTHINPAYPALSSTATEMENTINOPPOSITIONFOLLOWINGTHESTOCKHOLDERPROPOSAL. ReproductiveRightsandDataPrivacy WHEREAS:FollowingrevocationoftheconstitutionalrighttoanabortioninJune2022,policymakersareconcernedabout theuseofpersonaldigitaldatafortheenforcementofstatelawsthatbanorlimitabortionaccess. Lawenforcementfrequentlyreliesondigitalconsumerdata.WhilePayPaldoesnotpubliclyreportfiguresonlaw enforcementrequests,AlphabetandMetaalonecollectivelyreceivedaround110,000requestsinthesecondhalfof2021. 1 In 2022, Meta satisfied a Nebraska police warrant for private Eachcompliedwithabout80percentofthoserequests. 2 Facebookmessagesfromamotherfacingfelonychargesforallegedlyhelpingherdaughterterminateapregnancy, receivingsignificantnegativepress. PayPalcollectssensitivepersonaldigitalinformationfromconsumerssuchasgeolocationdata,internetactivity,and commercialinformation.Thisdatamaybeaccessedwithoutconsumerconsentbystatesthatcriminalizeabortion.The CompanysprivacystatementallowsPayPalto“sharepersonalinformationwith...lawenforcementwhenaccompanied 3 byasubpoenaorotherlegaldocumentationthatrequiresPayPalormembersofourcorporatefamilytorespond.” 4 Braintree, a subsidiary of PayPal, similarly permits such disclosures when “assisting law enforcementagencies.” However, lawenforcementdatarequestsmayseekevidenceofconsumeractsthatareinappropriateforPayPaltovoluntarilyshare– for example,customersfinancialactivitiesthat were legal in the state where they occurred,but illegal in the consumers state of residence,such as purchasingabortifacients. PayPalisnotimmunetoabortion-relatedlawenforcementrequeststhatmaycreatesignificantreputational,financial,and legal risks. PayPal already complies with “deletion rights” under California law, wherein consumers may request the Companydeletepersonaldatathatitisnotlegallyrequiredtoretain.Thereisastrongbrandbenefittomeetingtheprivacy 5 expectationsofavastmajorityofconsumers. RESOLVED:ShareholdersrequestourBoardissueapublicreportdetailingknownandpotentialrisksandcoststothe Companyoffulfillinginformationrequestsrelatingto PayPalcustomersfortheenforcementofstatelawscriminalizing abortionaccess,andsettingforthanystrategiesbeyondlegalcompliancetheCompanymaydeploytominimizeor mitigatetheserisks. The report should be producedat reasonableexpense,excludeproprietaryor privilegedinformation, andpublishedwithinoneyearoftheannualmeeting. SUPPORTINGSTATEMENT:Shareholdersrecommend,atboarddiscretion,thatinputfromreproductiverightsandcivil liberties organizations be solicited and reflected in the report, and that the report contain, regarding reproductivehealth related issues: (1) Anassessmentofthefeasibilityofanationwidedataprivacypolicywhereinconsumerswouldhave“deletionrights”; (2) Anevaluation of the benefits of notifying consumers about law enforcement information requests regarding their data prior to, and with sufficient time for consumer response, before complying with any such request; and, 1 https://transparencyreport.google.com/user-data/overview?hl=en;https://transparency.fb.com/data/government-data-requests/country/us/ 2 https://www.npr.org/2022/08/12/1117092169/nebraska-cops-used-facebook-messages-to-investigate-an-alleged-illegal-abortion 3 https://www.paypal.com/us/legalhub/privacy-full?locale.x=en_US 4 https://www.braintreepayments.com/legal/data-protection-addendum; https://braintree.com/docs/privacy_policy.html 5 https://www.businesswire.com/news/home/20220928005430/en/Survey-Reveals-95-of-Consumers-Demand-that-Brands-Protect-their-Data-and-Privacy-to-Build-Trusted- Sustainable-Relationships 100 •2023ProxyStatement