Gouvalaris Geoffrey 4

What Happened

• Geoffrey Gouvalaris, Chief Accounting Officer of TripAdvisor (TRIP), exercised stock option derivatives on 2026-02-13 to acquire a total of 11,039 common shares (1,370 + 867 + 8,802) at an exercise price of $10.32 per share, paying $113,922 in exercise price. To cover tax liabilities, 3,846 shares were withheld/sold (478 + 302 + 3,066) at $10.32, generating ~$39,691. Net shares retained from the exercise: 7,193.

Key Details

• Transaction date: 2026-02-13; Form filed: 2026-02-18 (filed within standard 2 business days given the 2/16 holiday).
• Exercise entries coded "M" = option exercise; withholding entries coded "F" = payment of exercise price or tax liability (share withholding/cashless tax payment).
• Exercise price paid: $10.32 per share; total cash paid to exercise options: $113,922.
• Shares withheld for taxes: 3,846 shares, value ≈ $39,691.
• Net new shares received: 7,193.
• The filing does not state total shares owned after the transaction in the data provided here.
• Footnote: the related award has a vesting schedule—25% vests 2/15/2026 and remaining portions vest quarterly (fully vested 2/15/2029).

Context

• This was an option exercise with shares withheld to satisfy tax withholding (a common, routine cashless exercise). The filing shows conversion/disposition of derivative instruments (zero-dollar lines) reflecting the exercise/conversion mechanics, not separate market sales. No indication of a 10b5-1 plan or gift; the filing appears timely.