Summary by Futu AI
PayPal Holdings, Inc. executive Aaron Webster filed an Initial Statement of Beneficial Ownership of Securities with the SEC on March 27, 2024. The Form 3 submission indicates that Webster, serving as PayPal's EVP, Chief Enterprise Services Officer, reported no beneficial ownership of derivative securities as of the event date, March 18, 2024. The filing is a routine disclosure required by Section 16(a) of the Securities Exchange Act of 1934, which mandates insiders of publicly traded companies to report changes in ownership to the SEC. The form was filed individually by Webster and not as part of a joint or group filing.