Goldberg Matt 4

What Happened

• Matt Goldberg, CEO, President and a director of TripAdvisor, exercised stock options on Feb 5, 2026. He exercised a total of 30,948 option shares at an exercise price of $12.43 per share, representing gross consideration of about $384,684.
• To satisfy tax withholding, 9,085 of those shares were surrendered/withheld (reported as dispositions) at $12.43, totaling about $112,926. That leaves a net of 21,863 shares issued to him (net value at $12.43 ≈ $271,758).
• Transaction codes: M = option exercise; F = shares withheld for tax/payment.

Key Details

• Transaction date: 2026-02-05. Form 4 filed 2026-02-09 (timely filed).
• Exercise price: $12.43 per share.
• Shares exercised (gross): 30,948 (25,704 + 5,244) for ~$384,684 total.
• Shares withheld for taxes: 9,085 (7,545 + 1,540) valued at ~$112,926.
• Net shares received: 21,863 (approx. $271,758 value at $12.43).
• Shares owned after the transaction: not provided in the supplied data.
• Footnotes/notes: derivative entries reported at $0 reflect conversion/cancellation of the option instruments upon exercise; the F-code indicates withholding to satisfy tax obligations (common in option exercises).

Context

• This was an option exercise with share-withholding to cover taxes (a common, routine way to satisfy tax liabilities on exercised options). It is not an open-market purchase or sale; the exercise results in increased beneficial ownership (net +21,863 shares).
• The filing is factual and does not indicate the insider’s motives. Purchases/exercises can be viewed as a form of insider accumulation, but routine tax-withholding is also common practice.