Goldberg Matt 4

What Happened
Matt Goldberg, CEO, President and a director of TripAdvisor (TRIP), exercised stock derivatives on Feb 13, 2026 to acquire a total of 78,767 shares (three exercises) at an exercise price of $10.32 per share (total value of exercised shares ≈ $812,875). To cover exercise price/tax liabilities, 38,085 shares were withheld/sold (proceeds ≈ $393,037). Net new shares retained from the transactions: 40,682; net cash outlay ≈ $419,838. The filing also records the derivative instruments as converted/terminated (entries showing $0 value for the derivative).

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-18 (filed one business day after the usual 2-business-day deadline given the Feb 16 holiday).
• Exercise price and withholding price: $10.32 per share.
• Shares exercised (acquired): 8,324; 1,698; 68,745 — total 78,767 (≈ $812,875).
• Shares withheld/disposed for taxes/exercise: 4,025; 821; 33,239 — total 38,085 (≈ $393,037).
• Net shares added to Goldberg’s holdings: 40,682.
• Shares owned following the transaction: not specified in the supplied data.
• Footnote: RSU vesting schedule noted — 25% vests Feb 15, 2026 and 6.25% quarterly thereafter; fully vested Feb 15, 2029.
• Transaction codes: M = exercise/conversion of derivative (options); F = payment of exercise price or tax liability (sell-to-cover/withholding).

Context
This was an options exercise with a sell-to-cover/withholding to satisfy tax and/or exercise-price obligations — a common, routine way executives fund the costs of exercising options. The filing shows a net increase of 40,682 shares for Goldberg. Filing timeliness should be noted (appears filed one business day late). This is a factual record of the transactions and does not by itself indicate the insider’s view of the company.