Gouvalaris Geoffrey 4

What Happened

• Geoffrey Gouvalaris, Chief Accounting Officer of TripAdvisor, exercised stock options on 2026-02-05. He converted options for 892 shares at an exercise price of $12.43 per share (total exercise cost $11,088). To cover tax withholding, 311 of those shares were withheld (valued at $3,866), leaving a net 581 shares received by Gouvalaris. The Form 4 also records the disposition of the underlying derivative (892 options) as part of the conversion.

Key Details

• Transaction date: 2026-02-05
• Exercise: 892 shares at $12.43 = $11,088 (code M = option exercise/conversion)
• Tax withholding: 311 shares at $12.43 = $3,866 (code F = tax withholding/share-for-tax)
• Derivative disposition: 892 options disposed @ $0.00 reported (part of conversion)
• Shares owned after transaction: not disclosed in the provided data
• Filing date: 2026-02-09 — appears to be filed 4 days after the transaction (may be late)

Context

• This was an option exercise (conversion of derivatives), with a portion of shares withheld to satisfy tax obligations — a common, administrative step that does not necessarily indicate a buy/sell sentiment. The insider paid the exercise price (about $11k) and retained the remaining shares after withholding. No 10% owner or grant/award elements are indicated in the provided filing.