The prion protein (PrPC) is a central player in neurodegenerative diseases, such as prion diseases or Alzheimer’sdisease. In contrast to disease-promoting cell surface PrPC, extracellular fragments act neuroprotective by blockingneurotoxic disease-associated protein conformers. Fittingly, PrPC release by the metalloprotease ADAM10represents a protective mechanism. We used biochemical, cell biological, morphological, and structural methodsto investigate mechanisms stimulating this proteolytic shedding. Shed PrP negatively correlates with prion conversionand is markedly redistributed in murine brain in the presence of prion deposits or amyloid plaques, indicatinga sequestrating activity. PrP-directed ligands cause structural changes in PrPC a...