PROPOSAL4:RATIFICATIONOFTHEAPPOINTMENTOFPRICEWATERHOUSECOOPERSLLPASOURINDEPENDENTAUDITORFOR2023 PROPOSAL4: Ratification of the Appointmentof PRO PricewaterhouseCoopersLLPasOurIndependent XY S T Auditorfor 2023 A TEMENT TheARCCommitteeisdirectlyresponsiblefortheappointment,compensation,retentionandoversightoftheCompanys independentauditor. TheARCCommitteehasappointedPricewaterhouseCoopersLLP(“PwC”)asourindependentauditorfor2023.PwChas servedastheindependentauditorforPayPal,Inc.,awholly-owned,directsubsidiaryoftheCompany,since2000,andas theCompanysindependentauditorsinceitbecameanindependentpubliccompanyinJuly2015.TheBoardandtheARC CommitteebelievethatthecontinuedretentionofPwCtoserveasourindependentauditorisinthebestinterestsofthe Companyandourstockholders.Accordingly,weareaskingourstockholderstoratifytheselectionofPwCasour independentauditorfor2023.Althoughratificationisnotlegallyrequired,wearesubmittingtheappointmentofPwCfor ratification by our stockholders because we value our stockholdersviews on the Companysindependentauditorsandas amatterofgoodcorporatepractice.WeexpectthatarepresentativeofPwCwillattendtheAnnualMeeting,havean opportunityto makeastatementiftheychooseandbeavailabletorespondtoappropriatequestions. If stockholdersdo not ratify the appointment,the ARC Committeewill reconsiderthe appointmentof our independent auditor. Even if the appointmentis ratified, the ARC Committee may in its discretionselect a different independent registeredpublicaccountingfirmatanytimeduringtheyearifitdeterminesthatsuchachangewouldbeappropriate. THEBOARDANDTHEARCCOMMITTEERECOMMENDAVOTEFORPROPOSAL4. ARCCommitteeReport TheARCCommitteeoperatesunderawrittencharteradoptedbytheBoardandreviewedannually.TheARCCommittee consistsof the sevendirectorsnamedbelow.EachmemberoftheARCCommitteemeetstheindependencerequirements of NasdaqandtheSEC,andotherwisesatisfiestherequirementsforauditcommitteeserviceimposedbytheExchange Act. In addition, the Board has determinedthat each of Mr. Moffett and Ms. Messemeris an “audit committeefinancial expert”asdefinedbyapplicableSECrules. TheARCCommitteeprovidesassistanceandguidancetotheBoardinfulfillingitsoversightresponsibilitieswithrespectto: • PayPals corporateaccountingandfinancialreportingpracticesandtheauditofitsfinancialstatements; • Theindependentauditorsqualificationsandindependence; • TheperformanceofPayPalsinternalauditfunctionandindependentauditor; • Thequalityandintegrityof PayPalsfinancialstatementsandreports; • Reviewingandapprovingallauditengagementfeesandterms,aswellasallnon-auditengagementswiththe independentauditor; • ProducingthisARCCommitteereport; • PayPals overall risk framework and risk appetite framework; and • PayPals compliancewithlegalandregulatoryrequirements. TheARCCommitteereliesontheexpertiseandknowledgeofmanagement,theinternalauditdepartmentandthe independentauditorincarryingoutitsoversightresponsibilities.Managementisresponsibleforthepreparation, presentationandintegrityof PayPalsfinancialstatementsandfor maintainingappropriateaccountingandfinancial reportingprinciplesandpoliciesandinternalcontrolsandproceduresthatprovideforcompliancewithaccounting standardsandapplicablelawsandregulations.PayPalsindependentauditor,PwC,isresponsibleforperforminganauditof PayPalsfinancial statementsin accordancewiththestandardsofthePublicCompanyAccountingOversightBoard (“PCAOB”)andexpressinganopinionontheconformityofthosefinancialstatementswithgenerallyacceptedaccounting principlesin the U.S. The independentauditor is also responsiblefor expressingan opinion on the effectivenessof PayPals internal control over financial reporting. •2023ProxyStatement 95
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