PayPal Holdings, Inc. Common Stock Dinari dShares

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 439 million active accounts at the end of 2025. The company also owns Venmo, a person-to-person payment platform. PayPal Holdings, Inc. Common Stock Dinari dShares provides blockchain-based exposure to the listed underlying security PYPL. Dinari represents that each dShare is backed 1:1 by the corresponding underlying security and supports on-chain transfer, settlement, redemption, and applicable corporate actions.