Gorin Ariane 4

What Happened
Ariane Gorin, CEO of Expedia Group (EXPE), settled multiple equity awards on February 15, 2026. A total of 67,491 shares were issued upon conversion/vesting of performance stock units (PSUs) and restricted stock units (RSUs). To cover tax withholding obligations, 28,157 shares were withheld/sold at $212.67 per share for proceeds of $5,988,149; the remaining ~39,334 shares were issued to Gorin. The transactions are reported as derivative exercises/settlements (code M) and tax withholding (code F).

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026 (timely).
• Total shares settled (acquired via conversion/vesting): 67,491.
• Shares withheld for taxes (disposed): 28,157 at $212.67/share, totaling $5,988,149.
• Net shares delivered to insider after withholding: ~39,334.
• Transaction codes: M = exercise/conversion of derivative (PSU/RSU settlement); F = shares withheld/sold to pay taxes.
• Notable footnotes: F2 — the 2023 PSUs vested at 200% of target (maximum payout). F1 and F3–F6 describe tax withholding and various RSU vesting schedules.
• Shares owned after the transactions: not specified in the provided filing details.

Context
These transactions reflect the settlement of vested PSUs/RSUs and routine tax-withholding (a common, non-speculative administrative action). Withholding/sale of shares to cover taxes is effectively a cashless sell and does not necessarily signal the insider’s view on the stock. The PSU settlement at 200% of target (per the filing) indicates strong performance for that grant’s measurement period.