Edgett Sean 4
4 · Match Group, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Match Group (MTCH) CLO Sean Edgett Exercises RSUs, Sells Shares for Taxes
What Happened
Sean Edgett, Chief Legal Officer and Secretary of Match Group (MTCH), had restricted stock units and related dividend equivalents convert into common shares on June 1, 2026. A total of 10,311 shares were issued on conversion (1,845 + 55 + 8,365 + 46). To satisfy tax withholding, 5,247 of those shares were withheld/sold at $36.13 per share, generating proceeds of $189,574 (two withholdings: 967 shares for $34,938 and 4,280 shares for $154,636). The conversions show $0 exercise price because these were RSU/dividend-equivalent conversions rather than option purchases.
Key Details
- Transaction date: June 1, 2026; Filing date: June 3, 2026 (timely Form 4 filing).
- Converted shares: 10,311 total (from RSUs/dividend equivalents: 1,845; 55; 8,365; 46).
- Shares withheld/sold for taxes: 5,247 shares at $36.13 each; total value withheld/sold = $189,574.
- Transaction codes: M = conversion/exercise of derivative (RSU/dividend-equivalent conversion), F = payment of tax liability via share withholding/sale.
- Footnotes: RSUs and dividend equivalents convert 1:1; vesting schedules noted in filing (some tranches vested March 1, 2026 and others vest quarterly starting June 1, 2026).
- Shares owned after the transaction: not specified in the provided summary.
Context
This was not an open-market investment decision but routine RSU vesting and tax-withholding: RSUs/dividend equivalents converted into shares (no cash exercise) and a portion of those shares were surrendered/withheld to cover tax obligations. Such transactions are commonly administrative and do not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001
[F1]2026-06-01+1,845→ 20,327 total - Exercise/Conversion
Common Stock, par value $0.001
[F2]2026-06-01+55→ 20,382 total - Tax Payment
Common Stock, par value $0.001
2026-06-01$36.13/sh−967$34,938→ 19,415 total - Exercise/Conversion
Common Stock, par value $0.001
[F1]2026-06-01+8,365→ 27,780 total - Exercise/Conversion
Common Stock, par value $0.001
[F2]2026-06-01+46→ 27,826 total - Tax Payment
Common Stock, par value $0.001
2026-06-01$36.13/sh−4,280$154,636→ 23,546 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-01−1,845→ 12,912 totalFrom: 2026-03-01Exp: 2028-03-01→ Common Stock, par value $0.001 (1,845 underlying) - Exercise/Conversion
Dividend Equivalents
[F2][F4]2026-06-01−55→ 394 totalFrom: 2026-03-01Exp: 2028-03-01→ Common Stock, par value $0.001 (55 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-01−8,365→ 92,020 totalFrom: 2026-06-01Exp: 2029-03-01→ Common Stock, par value $0.001 (8,365 underlying) - Exercise/Conversion
Dividend Equivalents
[F2][F6]2026-06-01−46→ 512 totalFrom: 2026-06-01Exp: 2029-03-01→ Common Stock, par value $0.001 (46 underlying)
Footnotes (6)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Dividend equivalents convert into common stock on a one-for-one basis.
- [F3]Represents restricted stock units that vested/vest as to 1/3 on March 1, 2026 and as to 1/12 every three months thereafter, subject to continued service.
- [F4]The dividend equivalents accrued on restricted stock units that vested/vest as to 1/3 on March 1, 2026 and as to 1/12 every three months thereafter, subject to continued service. The dividend equivalents vest proportionately with the restricted stock units.
- [F5]Represents restricted stock units that vested/vest as to 1/12 every three months starting on June 1, 2026, subject to continued service.
- [F6]The dividend equivalents accrued on restricted stock units that vested/vest as to 1/12 every three months starting on June 1, 2026, subject to continued service. The dividend equivalents vest proportionately with the restricted stock units.