Match Group (MTCH) CLO Sean Edgett Converts RSUs, Withholds Shares

What Happened
Sean Edgett, Chief Legal Officer and Secretary of Match Group (MTCH), had restricted stock units (RSUs) convert into 10,365 shares of common stock on September 1, 2026. To cover withholding taxes, 5,274 of those shares were surrendered (withheld) at a per-share withholding value of $40.65, representing cash value withheld of $214,388. The net shares issued to Edgett after withholding were 5,091 shares. The filing shows the conversion/exercise of derivative awards (coded M) and the tax withholding (coded F).

Key Details

• Transaction date: September 1, 2026; Form 4 filed September 3, 2026 (filed timely within standard Form 4 window).
• Converted/issued (M): 10,365 shares total (1,845 + 66 + 8,365 + 89).
• Withheld for taxes (F): 5,274 shares total (972 + 4,302) at $40.65/share = $39,512 + $174,876 = $214,388.
• Net shares received by insider: 5,091 shares (10,365 issued − 5,274 withheld).
• Shares owned after transaction: not disclosed in the provided filing data.
• Footnotes: RSUs and dividend equivalents convert 1:1 to common stock; multiple vesting schedules apply (see F3–F6 for timing).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price/tax liability (share withholding). No 10b5-1 plan or sale in open market is indicated.

Context
This was not an open-market sale — it was the routine conversion/vesting of RSUs and withholding of shares to satisfy tax obligations. Such withholding is common when equity awards vest and does not necessarily indicate buying or selling sentiment. The filing shows conversion of awards rather than a discretionary sale, and no proceeds from open-market sales were reported.