PROPOSAL1:ELECTIONOFDIRECTORS Director Biographies DAVIDM.MOFFETT ANNM.SARNOFF FormerChiefExecutiveOfficerofFederal FormerBoardChairandChiefExecutiveOfficer HomeLoanMortgageCorp. of WarnerMediaStudios&NetworksGroup INDEPENDENT INDEPENDENT PRO BoardCommittees: Directorsince: Age: •ARC(Chair)(Audit June2015 71 BoardCommittees: Directorsince: Age: XY CommitteeFinancialExpert) •ARC June2017 61 S T A KeyQualificationsandExperience: KeyQualificationsandExperience: TEMENT Payments Global CEO Business Technology Global CEO Business Business Experience Development and Business Experience Development and Strategy Innovation and Strategy Regulatory and Finance and ESG Talent Regulatory Finance Consumer, Sales, Talent Governmental Accounting Management Marketing and Management Brand Management Other Public Other Public Company Board Company Board Service Service ReasonsforNomination: ReasonsforNomination: PayPal benefits from Mr. Moffetts significant leadership Ms.Sarnoffbringssubstantialexperiencecreating experienceinfinancialservices and his strong financial innovative partnerships and technology-focusedsolutions reporting, audit, risk and compliance, capital allocation and across platforms, as well as expertise in consumer M&AexpertiseisdirectlyrelevanttohisroleasARC engagementandglobalbusinessdevelopment. CommitteeChair. OtherPublicCompanyBoards: OtherPublicCompanyBoards: • CSXCorporation • None FormerPublicCompanyBoards: FormerPublicCompanyBoards: • GenworthFinancial,Inc.(December2012toMay2021) • HSN,Inc.(December2012toDecember2017) • FreddieMac(December2008toMarch2009) Experience,SkillsandQualificationsofParticularRelevance • eBayInc.(July2007toJuly2015) to PayPal: Experience,SkillsandQualificationsofParticularRelevance • Morethan30yearsofdiversifiedbusinessandmedia to PayPal: experiencethroughavarietyofexecutiveleadershiproles • Strongleadershipexperienceandextensiveglobalfinancial • Expertise in driving consumer engagementwithbrandsand managementandregulatoryexpertiseasaformerChief developinginnovativepartnerships ExecutiveOfficerandChiefFinancialOfficeroffinancial • Extensivetechnologyexperienceacrossmediaandplatforms services companies • Morethan30yearsofstrategicfinance,mergersand Biography: acquisitions, risk management and operational experience in • BoardChairandChiefExecutiveOfficerofWarnerMedia bankingandpaymentprocessing Studios&NetworksGroup,agloballeaderinentertainmentand Biography: consumerproducts,fromAugust2020toApril2022 • LeadIndependentDirectorofPayPal,fromJuly2015to • BoardChairandChiefExecutiveOfficerofWarnerBros. December2018 Entertainment,from August2019toAugust2020 • ChiefExecutiveOfficerofFederalHomeLoanMortgageCorp. • President of BBC Studios Americas, from August 2015 to August (“Freddie Mac”), from September 2008untilhis retirementin 2019 March2009,anddirectorofFreddieMac,fromDecember2008 • ChiefOperatingOfficerofBBCWorldwideNorthAmerica,from to March2009 2010toJuly2015 • ChiefFinancialOfficerof Star Banc Corporation, a bank holding • BoardChairofBritBox,ajointventuresubscriptionstreaming company,startingin1993.Duringhistenure,heplayedan service launchedinpartnershipwithITVinMarch2017 integral role in the acquisition of Firstar Corporation in 1998 and • ServesasvicechairoftheboardsofMcDonoughSchoolof later U.S. Bancorp in 2001. Mr. Moffett remained Chief Financial BusinessatGeorgetownandTheShed,servesasamemberof Officer of U.S. Bancorp until 2007 the boards of directors of Realm Media and WTA Ventures • ServesasaTrusteeforColumbiaThreadneedleMutualFunds andUniversityofOklahomaFoundationandasaconsultantto various financial services companies •2023ProxyStatement 19