PROPOSAL1:ELECTIONOFDIRECTORS Director Biographies DANIELH.SCHULMAN FRANKD.YEARY President and Chief Executive Officer of PayPal ManagingMemberatDarwinCapitalAdvisors, LLC INDEPENDENT BoardCommittees: Directorsince: Age: BoardCommittees: Directorsince: Age: • None July 2015 65 • ARC July 2015 59 KeyQualificationsandExperience: KeyQualificationsandExperience: Payments, Financial Technology Global CEO Financial Services Global Senior Business Services and and Business Experience Business Leadership Development FinTech Innovation and Strategy Business Legal, Regulatory Cybersecurity Finance and Regulatory and Finance and ESG Talent Development and Governmental and Information Accounting Governmental Accounting Management and Strategy Security Consumer, Sales, ESG Talent Other Public Other Public Marketing and Brand Management Company Company Board Management Board Service Service ReasonsforNomination: ReasonsforNomination: AsPayPalsCEO,Mr.Schulmanbringsdeepleadership Mr. Yeary brings deep financial acumen and global M&A experienceinpayments,financialservices, technology, expertise to the Board, as well as robust corporate regulatory and cybersecurity, as well as in-depth knowledge governanceexpertiseandastrongunderstandingof of the Company. investor perspectives. OtherPublicCompanyBoards: OtherPublicCompanyBoards: • VerizonCommunicationsInc. • Intel Corporation (Chair) FormerPublicCompanyBoards: • MobileyeGlobal,Inc. • NortonLifeLock(formerly knownas SymantecCorporation), Experience,SkillsandQualificationsofParticularRelevance BoardChair(January2013toDecember2019) to PayPal: • Flex Ltd. (June 2009 to August 2018) • Extensivecareer in investmentbankingandfinancewith financial strategy and global mergers and acquisitions Experience,SkillsandQualificationsofParticularRelevance expertise, including expertise in financial reporting, experience to PayPal: in assessing the efficacy of mergers and acquisitions with • Deepexpertiseinpayments,financialservices, mobile international companies on a global scale and experience technology,innovation,regulatory and cybersecurity matters attracting and retaining strong senior leaders • Leadershipexperienceandvisioningrowinglarge,complex • RoleasaViceChancellorandasChiefAdministrationOfficerof businesses alargepublicresearchuniversityprovidesstrategicand • Experiencetransformingfinancialservices whiledrivingcultural financial expertise changeandfosteringavalues-basedenvironmentthat • Extensiveexperienceincorporategovernanceandstockholder championsDIE&B engagement,includingasaco-founderofCamberView Biography: Partners, a financial advisory firm providing independent, investor-led advice to public companies and their boards • President and Chief Executive Officer of PayPal, since July 2015; servedasthePresidentandCEO-DesigneeofPayPal,from Biography: September2014toJuly2015 • ManagingMemberatDarwinCapitalAdvisors,LLC,aprivate • GroupPresident,EnterpriseGroupofAmericanExpress investmentfirm, since October 2018 and a Member since 2012 Company,fromAugust2010toAugust2014 • ExecutiveChairofCamberViewPartners,LLC,acorporate • President, Prepaid Group of Sprint Nextel Corporation, from advisory firm, from 2012 to 2018 November2009toAugust2010,whenSprintNextelacquired • ViceChancelloroftheUniversityofCalifornia,Berkeley, a Virgin Mobile, USA public university, from 2008 to 2012, where he led and implementedchangestotheuniversitysfinancialand operatingstrategy • Spent25yearsinthefinanceindustry,mostrecentlyas ManagingDirector,GlobalHeadofMergersandAcquisitions andasamemberoftheManagementCommitteeatCitigroup InvestmentBanking TheBoardandtheGovernanceCommitteebelievethatthecombinationofourdirectornomineesqualifications,skillsand experiencewillcontributetoaneffectiveBoardandthat,individuallyandcollectively,thedirectornomineeshavethe necessaryqualificationsto provideeffectiveoversightof the businessandqualityadviceandcounseltomanagement. THEBOARDRECOMMENDSAVOTEFOREACHOFTHEDIRECTORNOMINEES. 20 •2023ProxyStatement