PROPOSAL1:ELECTIONOFDIRECTORS Director Biographies JOHNJ.DONAHOE DAVIDW.DORMAN President and Chief Executive Officer of FormerNon-ExecutiveBoardChairof Nike, Inc. CVSHealthCorporation INDEPENDENT INDEPENDENT BoardCommittees: Directorsince: Age: BoardCommittees: Directorsince: Age: • None July 2015 62 • Compensation(Chair) June2015 69 • Governance KeyQualificationsandExperience: KeyQualificationsandExperience: Payments and Technology Global CEO Technology Global CEO Business FinTech and Business Experience and Business Experience Development Innovation Innovation and Strategy Business Cybersecurity Finance Consumer, Sales, Regulatory Cybersecurity Finance and Consumer, Sales, Development and Information Marketing and Brand and Information Accounting Marketing and Brand and Strategy Security Management Security Management ESG Talent Other Public ESG Talent Other Public Management Company Board Management Company Board Service Service ReasonsforNomination: ReasonsforNomination: Mr. Donahoebringssignificantexperienceas a public Mr. Dormanbringsstrongboard-andexecutive-level companyCEOleadingglobalbusiness,executive-level experienceleadingglobalbusinessesinregulatedindustries, expertise in payments, FinTechand technologyanda deep together with finance, strategic planning, talent management knowledgeoftheCompanytoPayPalsBoardandhisrole andexecutivecompensationexpertise,toPayPalsBoard asBoardChair. andhisroleasCompensationCommitteeChair. OtherPublicCompanyBoards: OtherPublicCompanyBoards: • Nike, Inc. • Dell Technologies, Inc. FormerPublicCompanyBoards: FormerPublicCompanyBoards: • CVSHealthCorporation(March2006toMay2022) • ServiceNow,Inc.(April2017toJune2020) • MotorolaSolutions,Inc. (May 2011 to May 2015) • eBayInc.(January2008toJuly2015) Experience,SkillsandQualificationsofParticularRelevanceto Experience,SkillsandQualificationsofParticularRelevanceto PayPal: PayPal: • Expertise in finance, mergers and acquisitions and investments, • ExtensiveindustryexperienceanddeepknowledgeofPayPals strategic planning, public company executive compensation operations throughhis former role as director, President and matters and executive leadership ChiefExecutiveOfficerofeBayInc. • In-depthexperienceleadingglobalcompaniesinregulated • Expertise in commerce, technology,global strategy, operations industries andexecutiveleadership Biography: • Extensivetrack record of creating value, driving innovation and • FoundingPartnerofCenterviewCapitalTechnologyFund,a scaling large technology companies private investment firm, since July 2013 • BoardChairofInfoWorks,aportfoliocompanyofCenterview, Biography: since January 2019 • President and Chief Executive Officer of Nike, Inc., since • ServedontheBoardofDirectorsofCVSHealthCorporation January2020 fromMarch2006untilMay2022andservedasNon-Executive • President and Chief Executive Officer of ServiceNow, Inc., a BoardChairfromMarch2011untilMay2022 cloudcomputingcompany,fromApril2017toDecember2019 • LeadIndependentDirectoroftheBoardofMotorolaSolutions, Inc. (formerly Motorola, Inc.), a leading provider of business and • President and Chief Executive Officer of eBay Inc., from March mission-critical communicationproductsandservices for 2008toJuly2015,anddirectorofeBayInc.,fromJanuary2008 enterprise and governmentcustomers,fromMay2011untilhis to July 2015 retirement from that board in May 2015 • President, eBay Marketplaces, from March 2005 to January • Non-ExecutiveBoardChairofMotorola,Inc.,fromMay2008to 2008 January2011 • WorldwideManagingDirectorofBain&Company,fromJanuary • SeniorAdvisorandManagingDirectortoWarburgPincusLLC,a global private equity firm, from October 2006 to May 2008 2000toFebruary2005 • President and a director of AT&T Corporation, from November 2005toJanuary2006 • BoardChairandChiefExecutiveOfficerofAT&TCorporation, fromNovember2002toNovember2005 • President of AT&T Corporation, from 2000 to 2002, and the ChiefExecutiveOfficerofConcertCommunicationsServices,a formerglobalventurecreatedbyAT&TCorporationandBritish Telecommunicationsplc,from1999to2000 • ServedasaTrusteeforGeorgiaTechFoundation,Inc. 16 •2023ProxyStatement