Keller Frank, President of Checkout Solutions and PayPal at PayPal Holdings, has filed 53 Form 4 transactions over his tenure, all in a single stock: PYPL. The pattern is overwhelmingly one-directional. Across all filings, Frank has recorded zero open-market purchases, zero acquisitions, and roughly $3.0 million in total sales. Every buy-side entry is mechanical: option exercises (code M) valued at zero, restricted stock grants (code A), and shares withheld for tax (code F). None of those represent discretionary capital put into the company.
The recent window, from March 2026 through mid-October 2026, shows the same structure. Frank sold on nine separate occasions in that span, for a combined total near $2.3 million. The largest single sale came on March 3, 2026, when he disposed of PYPL shares worth $902,745.71, alongside two smaller sales that same day totaling $458,624.31. He followed with a $500,000 sale on April 29 and another $196,194.48 sale on June 3. Smaller sells of $42,529.20 (July 29), $67,199.34 and $55,741 (both September 3), and $132,715.64 (also September 3) round out the activity.
Every sale was paired with either a code F tax withholding or a code M exercise on the same or nearby date, meaning the sales are consistent with option exercises and equity vesting, not fresh accumulation followed by liquidation. The 10 most recent trades show no outright purchases. Frank's Form 4 history is a steady sell-down of vested equity, with the most aggressive dollar volume concentrated in the first quarter of 2026 and tapering to smaller tranches by September.
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