On March 7, 2023, PayPal Holdings, Inc. announced that Blake Jorgensen, Chief Financial Officer, will step down from his position as the Company's Chief Financial Officer, effective immediately. Mr. Jorgensen will remain with the Company as a senior advisor through September 15, 2023. Mr. Jorgensen's decision does not reflect any dispute or disagreement with the Company and Mr. Jorgensen's compensation will be unchanged during the period he serves as a senior advisor.

Gabrielle Rabinovitch will continue to serve as acting Chief Financial Officer.