PROPOSAL1:ELECTIONOFDIRECTORS Director Nominees FocusonBoardRefreshmentandDiversity TheGovernanceCommitteeregularlyoverseesandplansfordirectorsuccessionandBoardrefreshment.TheBoardvalues successionandrefreshmentovertimeascriticalcomponentstomaintaininganappropriatebalanceoftenure,diversity, skills and experienceneededtopromoteandsupporttheCompanyslong-termstrategy.TheBoardbelievesthathavinga mixofexperienceddirectorswithadeepunderstandingoftheCompanyandnewerdirectorswhobringfreshperspectives andinnovativeideasprovidessignificantbenefitstotheCompanyindrivingandoverseeingitsstrategyandoperationsand managingkeyrisks.TheBoarddoesnotbelieveinaspecificlimitfortheoveralllengthoftimeadirectormayserve. DirectorswhohaveservedontheBoardforanextendedperiodcanprovidevaluableinsightintotheoperationsandfuture of the Companybasedontheirexperiencewith,andunderstandingof,theCompanyshistory,policiesandobjectives. TheGovernanceCommitteevaluesdiversityasafactorinselectingnominees.Whensearchingfornewdirectors,the GovernanceCommitteeactivelyseeksouthighlyqualifiedwomenandindividualsfromunderrepresentedcommunitiesto includein the initial pool from which Board nomineesare chosen.In keepingwith this commitmentto diversityand inclusion, our 12 director nominees include four people who identify as women, one person who identifiesas African AmericanorBlackandonepersonwhoidentifiesasHispanicorLatinxandWhite. OuractiveBoardrefreshmentprocesshasresultedinastrongmixofdiversityandindependence,whichcontributesto effective oversight of managementandtheCompany.Since2017,wehaveaddedfivediversedirectorstotheBoard,each of whompossessesastrongmixofskills,qualifications,backgroundsandexperience,andhassignificantlycontributedto andenhancedtheoveralleffectivenessoftheBoard. StockholderRecommendationsandNominations StockholderswhowouldliketheGovernanceCommitteetoconsidertheirrecommendationsfordirectornomineesshould submittheirrecommendationsinwritingbymailtotheGovernanceCommitteeincareofourCorporateSecretaryat PayPalHoldings,Inc.,2211 NorthFirst Street,San Jose, California 95131, stating the candidatesname and qualificationsfor Boardmembership.AnysuchrecommendationbyastockholderwillreceivethesameconsiderationbytheGovernance Committeeasothersuggestednominees. In addition, our Restated Certificate of Incorporation and Bylaws provide proxy access rights that permit eligible stockholderstonominatecandidatesforelectiontotheBoardintheCompanysproxystatement.Theseproxyaccess rights permit a stockholder,or group of up to 20 stockholders,owning 3% or more of the Companysoutstandingcommon stockcontinuouslyforatleastthreeyearstonominateandincludeintheCompanysproxymaterialsdirectornominees constitutingup to 20% of the Board, providedthat the stockholder(s)and nominee(s)satisfythe requirementsand proceduresdescribedinourRestatedCertificateofIncorporationandBylaws. 14 •2023ProxyStatement