Dalton Kristen Ann 4

What Happened Kristen Dalton, President, Brand TripAdvisor, exercised stock options on Feb 13, 2026, resulting in the conversion/acquisition of 23,392 shares at an exercise price of $10.32 per share (total cost ≈ $241,405). To cover the exercise price and tax withholding, 6,867 shares (value ≈ $70,868) were surrendered/withheld, leaving a net increase of about 16,525 shares to her holdings. The filing shows derivative-to-common-stock conversions (zero-dollar entries) associated with the option exercises.

Key Details

• Transaction date: February 13, 2026. Exercise price: $10.32 per share.
• Shares acquired via exercise: 23,392; shares withheld/surrendered for taxes or payment: 6,867.
• Gross cash paid for exercise: ≈ $241,405. Value of shares withheld: ≈ $70,868.
• Net new shares added to Dalton’s position: ≈ 16,525.
• Filing date: February 18, 2026 — this exceeds the two-business-day Form 4 deadline and is marked late.
• Transaction codes: M = option exercise/conversion; F = shares withheld for tax/exercise payment.
• Shares owned after the transaction: not specified in the filing.

Context This was an option exercise (conversion of derivatives into common stock) with shares withheld to satisfy tax and/or exercise-cost obligations — a common cashless/net settlement method. Exercises convert existing options into stock and are not the same as open-market purchases (which can be a stronger bullish signal). The late filing is a reporting/timeliness issue but does not itself indicate intent or sentiment.