Dalton Kristen Ann 4

What Happened

• Kristen Dalton (President, Brand — TripAdvisor) exercised 8,925 stock options on 2026-02-05, paying an exercise price of $12.43 per share for a total of $110,938. The issuer withheld 3,109 shares to cover tax obligations (reported as a disposition) valued at $12.43 each ($38,645). The exercise converted the options into 8,925 shares, and after the withholding Dalton received a net 5,816 shares.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (filed within the required window).
• Exercise price paid: $12.43 per share; total cash paid: $110,938.
• Shares withheld for taxes: 3,109 shares valued at $12.43 each ($38,645).
• Gross shares from exercise: 8,925; net shares delivered to insider: 5,816.
• Transaction codes: M = option exercise/conversion; F = tax withholding (share surrender). The filing shows the derivative (options) were converted and the withheld shares surrendered to cover taxes.
• Shares owned after transaction: Not specified in the provided filing details.

Context

• This was an option exercise (not an open-market buy or sale). The withholding of shares to cover taxes is a common administrative step (a partial cashless exercise) and is routine; it does not by itself indicate a change in insider sentiment.