FREQUENTLYASKEDQUESTIONS VotingInformation 15. WhatifIreturnmyproxycardbutdonotprovidevotinginstructions? If you are a stockholder of record and you return your signed proxy card without giving specific voting instructions,your shareswill be votedasrecommendedbytheBoard(seeQuestion9above). PRO 16. WhatifIamabeneficialowneranddonotgivevotinginstructionstomybroker? XY S If you are a beneficial owner of shares, your broker, bank or other nominee is not permitted to vote on your behalf on the T A electionof directorsand other mattersto be consideredat the Annual Meeting,exceptfor Proposal4 (the ratificationof the TEMENT appointmentofPricewaterhouseCoopersLLPasourindependentauditorfor2023),unlessyouprovidespecificinstructions bycompletingandreturningthevotinginstructionformorfollowingtheinstructionsprovidedtoyoutovoteyourshareson theInternetor by telephone.If you do not providevoting instructions,your shareswill not be voted on any proposalexcept for Proposal 4. This is called a “broker non-vote.” For your voteto becounted,youwillneedtocommunicateyour votingdecisiontoyourbroker,bankorothernomineebeforethedateoftheAnnualMeeting,orvoteinpersonatthe virtualAnnualMeeting. 17. Is my voteconfidential? Proxyinstructions,ballots and voting tabulationsthat identify individual stockholdersare handled in a manner designedto protectyourvotingprivacy.Yourvotewillnotbedisclosed,eitherwithinPayPalortothirdparties,except:(1)asnecessary to meetapplicablelegalrequirements,(2) to allow for the tabulationof votes and certificationof the vote and (3) to facilitate proxysolicitation. To the extent that stockholdersprovide written commentson their proxy cards,those commentswill be forwardedtomanagement. 18. Whatconstitutesaquorum? ThequorumrequirementforholdingtheAnnualMeetingandthetransactionofbusinessisthatholdersofamajorityofthe sharesofPayPalcommonstockentitledtovoteattheAnnualMeetingmustbepresentinpersonorrepresentedbyproxy. All abstentionsand brokernon-votesarecountedaspresentandentitledtovoteforpurposesofdeterminingaquorum. 19. WhowillbearthecostofsolicitingvotesfortheAnnualMeeting? WewillbeartheexpenseofsolicitingproxiesandhaveengagedD.F.King&Co.,Inc.tosolicitproxiesforafeeof$17,500, plus a reasonableamounttocoverexpenses.Wewillreimbursebrokeragehousesandothercustodians,fiduciariesand nomineesfortheirreasonableout-of-pocketexpensesforforwardingproxymaterialstobeneficialownersofshares.Our directors, officers and employeesmay solicit proxies in person, by mail, by telephone,or by electroniccommunication.No additional compensationwill be paid to our directors,officers or employeesfor such services. 20.WhathappensifadditionalmattersarepresentedattheAnnualMeeting? Otherthanthenineitemsofbusinessdescribedinthisproxystatement,wearenotawareofanyotherbusinesstobeacted uponattheAnnualMeeting.Ifyougrantaproxy,thepersonsnamedasproxyholders(DanielH.Schulman,Gabrielle Rabinovitch,BimalPatelandBrianY.Yamasaki)willhavethediscretiontovoteyoursharesonanyadditionalmatters properlypresentedforavoteattheAnnualMeeting.If,foranyreason,anyofthenomineesisnotavailableasacandidate for director, the persons named as proxy holders will vote your proxy for such other candidateor candidatesas may be nominatedbytheBoard. 21. WherecanIfindthevotingresultsoftheAnnualMeeting? WeintendtoannouncepreliminaryvotingresultsattheAnnualMeetingandwillreportthefinalvotingresultsinaCurrent ReportonForm8-KwithinfourbusinessdaysoftheAnnualMeetingandavailableatwww.sec.govandonourInvestor Relationswebsite. AttendingtheAnnualMeeting 22.HowcanIattendtheAnnualMeeting? TheAnnualMeetingwillbeacompletelyvirtualmeetingofstockholders,whichwillbeconductedexclusivelyonlinevia live webcast.YouareentitledtoattendandparticipateintheAnnualMeetingonlyifyouwereaPayPalstockholderasof thecloseofbusinessonMarch30,2023,theRecordDate,orifyouholdavalidproxyfortheAnnualMeeting. •2023ProxyStatement 113