Match Group (MTCH) Director Glenn Schiffman Exercises Options, Buys Shares

What Happened
Glenn Schiffman, a member of Match Group’s board (director), acquired shares on 2026-08-11 by exercising stock options and by an open-market purchase. He exercised 20,000 options at a $24.45 strike (cost/value reported $489,046) and bought 3,000 shares in the open market at $36.63 ($109,890). Simultaneously, 17,030 shares were surrendered/withheld to cover exercise price and/or tax liability, valued at $36.78 per share (~$626,363). The filing also shows a derivative-conversion entry of 20,000 shares at $0.00 related to the option exercise.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-13 (reported timely).
• Purchases/Acquisitions: 20,000 shares via option exercise at $24.45 (total $489,046); 3,000 open-market purchase at $36.63 (total $109,890).
• Disposition for tax/exercise withholding: 17,030 shares at $36.78 (value ~$626,363).
• Post-transaction ownership (as reported in filing footnotes): 69,377 shares of common stock and 6,993 deferred share units under the 2020 Deferred Compensation Plan (see footnotes).
• Footnotes: multiple footnotes (F1–F4) detail total holdings and that the exercised options vested in prior years (F4 notes vesting installments in 2018–2020).
• Codes: M = option exercise/conversion; P = open-market purchase; F = shares withheld/surrendered for tax or exercise payment.

Context
The option exercise (strike $24.45) plus withholding indicates a net-share or cashless-style settlement where some shares were retained/surrendered to cover taxes or exercise costs. As a non-employee director, Schiffman’s open-market buy (3,000 shares) is a direct purchase and typically viewed as a clearer buy signal than routine withholding sales; however, withholding/surrenders for tax are common and do not necessarily reflect a view on company prospects. This filing is informational and does not indicate insider intent.