Goldberg Matt 4

What Happened

Matt Goldberg, CEO, President and a director of TripAdvisor (TRIP), exercised options on 2026-04-01 to acquire 16,115 shares at an exercise price of $10.66 (total value of shares acquired ≈ $171,786). To cover tax withholding, 7,792 of those shares were surrendered/withheld at $10.66 (≈ $83,063). The option/derivative position corresponding to 16,115 shares was converted/terminated in the exercise.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely).
• Exercise (code M): 16,115 shares acquired at $10.66 — gross value ≈ $171,786.
• Tax payment/withholding (code F): 7,792 shares withheld at $10.66 — value ≈ $83,063.
• Net new shares from the exercise: 16,115 − 7,792 = 8,323 shares (added to Goldberg’s holdings).
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: Withholding of shares for tax liability (routine); the filing shows the derivative being converted/terminated (exercise).

Context

This was an options exercise (code M) with shares withheld to satisfy tax obligations (code F), a common cashless-like mechanism that results in a net increase in the insider’s share count (here, +8,323 shares). Such exercises are often administrative and don’t necessarily signal a trade-based endorsement of the stock, though they do result in insider ownership changing. The filing appears timely (filed the next day).