Expedia (EXPE) CLO Robert Dzielak Exercises RSUs and Sells Shares

What Happened Robert J. Dzielak, Chief Legal Officer and Secretary of Expedia Group (EXPE), had RSUs convert to common stock (reported as derivative exercises) on Aug 15, 2026, resulting in 5,840 shares delivered to him. To cover tax withholding, 2,334 shares were surrendered at an implied value of $332.69 per share (tax withholding value ≈ $776,498). He then sold 2,000 shares in an open-market transaction on Aug 17, 2026 at $330.50 per share for proceeds of $661,000. Net shares retained from these vesting events = 1,506 shares (5,840 acquired − 2,334 withheld − 2,000 sold).

Key Details

• Transaction dates: conversions/vesting recorded Aug 15, 2026; open-market sale on Aug 17, 2026; Form 4 filed Aug 18, 2026.
• Prices and values: tax withholding shown at $332.69/sh (2,334 shares ≈ $776,498); open-market sale 2,000 shares at $330.50/sh ($661,000).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 indicates shares were withheld to pay taxes. Other footnotes (F2–F5) describe RSU vesting schedules for various grants.
• Timeliness: filing date Aug 18, 2026 covers transactions dated Aug 15–17, 2026; the filing shows no separate late-filing notation in the provided data.

Context

• The $0.00 "exercise" entries reflect conversion/vesting of restricted stock units (derivative conversion), not a cash purchase of options. The surrender of 2,334 shares to cover taxes is a routine tax-withholding event (transaction code F). Because some vested shares were sold shortly afterward, this resembles a cashless tax settlement + partial open-market disposition rather than a fresh cash purchase.