undamentalytics Newsletter

PayPal insider trading

Every open-market purchase and sale by PayPal's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
PayPal insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following PayPal’s insiders pay?

From August 7, 2015 to June 16, 2026, 18 insiders reported 12 open-market purchases and 24 sales not made under a pre-set plan in PayPal. Twelve months after each purchase was reported, the shares were −28.4% against the S&P 500 on average (median −26.5%), over 11 purchases with a full year of prices; 9% beat the index. After sales, the shares moved +3.7% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on December 12, 2017 into $5,349 by November 2, 2026, −6.8% a year. It held shares 41% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $12,962 (+3.0% a year), and held throughout $32,546 (+14.2%).

$0$10.0k$20.0k$30.0k 20172019202120232025 $32.5k$13.0k$5.3k
Copying PayPal's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by PayPal's insiders from December 12, 2017, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 41% of the time.
PayPal: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Donahoe John J Director 1 −43.2% (1) 0% 5 +5.6% (5) November 17, 2021
Moffett David M Director 0 — — 4 +20.3% (4) August 28, 2020
Alford Peggy EVP, Global Sales 0 — — 3 +18.0% (3) November 28, 2023
Barel Tomer EVP, Chief Risk & Data Officer 0 — — 2 +50.0% (2) November 3, 2016
Dorman David W Director 2 −35.6% (2) 0% 0 — February 9, 2022
Lores Enrique Director 2 −33.6% (2) 0% 0 — May 5, 2022
Mcgovern Gail J Director 0 — — 2 −5.4% (2) February 28, 2025
Messemer Deborah M. Director 0 — — 2 −33.1% (2) June 6, 2025
Natali Chris VP, Chief Accounting Officer 0 — — 2 −37.4% (1) October 31, 2025
Schulman Daniel H President and CEO 2 −39.0% (2) 0% 0 — February 17, 2023
Yeary Frank D Director 2 −23.7% (2) 0% 0 — February 22, 2022
Adkins Rodney C Director 1 +17.6% (1) 100% 0 — December 11, 2017
Britto Mark EVP, Chief Product Officer 1 −23.5% (1) 0% 0 — May 9, 2022
Keller Frank SVP, GM, Lg Ent & Mer Plat. 0 — — 1 +5.9% (1) March 4, 2024
Kereere Suzan President, Global Markets 0 — — 1 — November 4, 2025
Miller Jamie S Chief Fin & Op Officer 1 — — 0 — June 16, 2026
Sarnoff Ann Director 0 — — 1 −77.8% (1) February 17, 2021
Webster Aaron EVP, Global Chief Risk Officer 0 — — 1 — November 12, 2025

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded PayPal

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of PayPal in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 1 buying crowd with six months of prices, it averaged −45.9% against the index. After 1 selling crowd, −40.5%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
November 28, 20253 selling−25.9%−40.5%not yet
November 30, 20212 buying−38.8%−45.9%−48.4%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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