Rascoff Spencer M 4

What Happened

• Spencer M. Rascoff, CEO of Match Group (MTCH), had restricted-stock-unit–related derivative interests convert to common stock and received award shares, and 35,247 shares were sold to satisfy tax withholding. The withholding sale was executed at $31.60 per share for proceeds of $1,113,805. The filing shows conversion/settlement entries for derivative awards and a grant/award totaling RSU-related shares.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
• Sale for tax withholding: 35,247 shares disposed at $31.60 each = $1,113,805 (code F = payment of tax liability).
• Derivative/award activity: filings list conversion/exercise entries and an award totaling RSU-related shares (items reported as codes M and A) resulting in shares being acquired/issued (aggregate reported award/conversion amounts in the filing).
• Footnotes:
  • F1/F2: Restricted stock units (RSUs) and dividend equivalents convert into common stock on a one-for-one basis.
  • F3/F4: A portion of RSUs vested as to one‑third on March 1, 2026 (and 1/12 every three months thereafter); dividend equivalents vest proportionately.
  • F5: Additional RSUs vest 1/12 every three months beginning June 1, 2026.
• Shares owned after the transactions: not specified in this filing.
• Timeliness: Form was filed two days after the reported transactions (file date 2026-03-03 for 2026-03-01 activity).

Context

• The reported sale was a tax-withholding disposition (not an open-market sale), a routine administrative step when RSUs convert to stock; such sales generally do not by themselves indicate a CEO changing his market view. The filings use M (exercise/conversion of derivative) and A (grant/award) codes because RSUs/dividend equivalents converted to or were issued as common shares, with a portion sold to cover taxes (F).