Expedia (EXPE) CFO Derek Andersen Vests RSUs; Shares Withheld for Taxes

What Happened

• Derek Andersen, Chief Financial Officer of Expedia Group (EXPE), had 7,223 restricted stock units (RSUs convert/derivative) vest/converted on August 15, 2026. The RSUs converted into 7,223 common shares at $0 exercise price. To cover tax withholding, 3,624 shares were surrendered/withheld at an implied value of $332.69 per share, totaling $1,205,669. The net result was 3,599 shares issued to Andersen after withholding.

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026 (reporting period Aug 15).
• Conversion/exercise: 7,223 shares (derivative conversion) @ $0.
• Tax withholding: 3,624 shares withheld/disposed @ $332.69 = $1,205,669 (footnote F1).
• Net shares delivered to insider: 3,599 shares (7,223 − 3,624).
• Vesting schedule note (footnote F2): This grant vests in multiple tranches through Feb 15, 2029 (7/17, 6/17, 4/17 portions across specified dates).
• No late-filing flag shown in the provided excerpt.

Context

• This was a routine RSU vesting and tax-withholding event (a cashless settlement), not an open-market sale or purchase. Withholding shares to cover taxes is standard and does not necessarily indicate a change in insider sentiment. The filing shows conversion/settlement of derivative awards rather than a market transaction.