Summary by Moomoo AI
Carmine Di Sibio, a director at PayPal Holdings, Inc., filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as required by Section 16(a) of the Securities Exchange Act of 1934. The filing, known as Form 3, was submitted on July 3, 2024, following an event on July 1, 2024, that necessitated the statement. The form indicates that Di Sibio does not beneficially own any PayPal securities, either directly or indirectly, at the time of the filing. The submission of Form 3 is a standard procedure for new directors and serves as a baseline declaration of ownership for future changes in holdings.