Noonan Michael 4

What Happened

• Michael Noonan, CFO & SVP of TripAdvisor (TRIP), exercised stock options on April 30, 2026, converting 2,426 option units into common shares at an exercise price of $11.18. The gross value at the exercise price was $27,123. To cover tax/exercise obligations, 911 of those shares were withheld (disposed) valued at $10,185, leaving a net 1,515 shares issued to Noonan. A related derivative disposition at $0 reflects the conversion of the options into shares.

Key Details

• Transaction date: 2026-04-30
• Exercise price / reported price: $11.18 per share
• Shares acquired on exercise: 2,426 (gross value $27,123)
• Shares withheld for taxes/payment: 911 (value $10,185)
• Net shares retained by insider: 1,515
• Derivative entry: 2,426 options converted to shares (reported as disposition of derivative at $0)
• Filing date: 2026-05-04 (Form 4 filed after the 4/30 transaction); filing does not indicate a late-report flag in the provided excerpt
• Shares owned after transaction: not specified in the excerpt — see the full Form 4 for holdings after the event
• Transaction codes in filing: M = option exercise/conversion; F = tax withholding/payment

Context

• This was an option exercise with standard tax withholding (routine), not an open‑market purchase or sale of remaining shares. The withholding of 911 shares is a common way to satisfy tax or exercise-price obligations and should be viewed as administrative rather than a directional bet on the stock. For full ownership details or any 10b5-1 plan notes, consult the complete Form 4 filing.