PROPOSAL1:ELECTIONOFDIRECTORS Director Biographies DirectorBiographies RODNEYC.ADKINS JONATHANCHRISTODORO PRO President of 3RAM GroupLLC Partner at Patriot Global Management, LP XY INDEPENDENT INDEPENDENT S T A BoardCommittees: Directorsince: Age: BoardCommittees: Directorsince: Age: TEMENT • ARC September2017 64 • Compensation July 2015 46 • Governance • Governance KeyQualificationsandExperience: KeyQualificationsandExperience: Technology Global Senior Business Financial Technology Global Senior and Business Leadership Development Services and Business Leadership Innovation and Strategy Innovation Cybersecurity Finance Consumer, Sales, ESG Business Regulatory Finance Consumer, Sales, and Information Marketing and Development Marketing and Brand Security Brand Management and Strategy Management Talent Other Public ESG Other Public Management Company Board Company Board Service Service ReasonsforNomination: ReasonsforNomination: Mr. Adkins brings extensive leadership experience driving In addition to bringing a seasoned investors perspective to innovationandbusinesssolutions,as wellas expertise in the Board, PayPal benefits from Mr. Christodoros substantial technologystrategy, corporate financeand global business financial and M&A experience. operations. OtherPublicCompanyBoards: OtherPublicCompanyBoards: • Avnet, Inc. (Chair) • None • UnitedParcel Service, Inc. FormerPublicCompanyBoards: • W.W.Grainger,Inc. • XeroxCorporation(June2016toMay2021) FormerPublicCompanyBoards: • Herbalife Ltd. (April 2013 to January 2021) • PPLCorporation(August2014toMay2019) • Lyft, Inc. (May 2015 to March 2019) Experience,SkillsandQualificationsofParticularRelevanceto • PioneerMergerCorp.(November2020toJanuary2023) PayPal: • Frontier Acquisition Corp. (February 2021 to March 2023) • Extensiveexperienceinthetechnologyindustry,including • SandridgeEnergy,Inc.(June2018toMay2021) emergingtechnologies,strategy, global business operations, • Hologic, Inc. (December 2013 to March 2016) innovation, product development and brand management • CheniereEnergy,Inc.(August2015toAugust2017) • Significant experience in corporate finance, financial Experience,SkillsandQualificationsofParticularRelevanceto statementsandaccounting PayPal: • In-depthexpertise in corporate governance matters as a board • Extensivefinancial, strategic planning and investment banking memberofotherpubliccompanies experienceadvisingpubliccompanies,includingattheboard • Expertise in supply chain, procurement and global trade level Biography: • Significant experience in identifying and evaluating mergers • President of 3RAM GroupLLC,aprivatelyheldcompany andacquisitionsandinvestmentopportunitiesandportfolio specializing in capital investments, business consulting companiesacrossarangeofindustries,includingtechnology services and property management,sinceJanuary2015 Biography: • Spentover30yearsatInternationalBusinessMachines • Partner at Patriot Global Management, LP, an investment Corporation(“IBM”)invarious developmentandmanagement managementfirm,sinceMarch2019 roles, including Senior Vice President of Corporate Strategy, • ManagingDirectorofIcahnCapitalLP,theentitythroughwhich fromApril2013toApril2014,SeniorVicePresidentofSystems Carl C. Icahn manages investmentfunds,from July2012to andTechnologyGroup,fromOctober2009toApril2013, February2017 SeniorVicePresidentofDevelopment&Manufacturing,from May2007toOctober2009andVicePresidentofDevelopment • Servedinvariousinvestmentandresearchrolesfrom,March of IBM Systems andTechnologyGroup,fromDecember2003 2007toJuly2012 to May2007 • BeganhiscareerasaninvestmentbankinganalystatMorgan Stanley, where he focused on merger and acquisition transactions across a variety of industries • ServedintheUnitedStatesMarineCorps •2023ProxyStatement 15