TripAdvisor, Inc.·4/A

May 15, 4:15 PM ET

Kalvert Seth J 4/A

Research Summary

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TripAdvisor CLO Seth Kalvert Withholds 18,070 Shares

What Happened

  • Seth J. Kalvert, Chief Legal Officer & Secretary of TripAdvisor, had 18,070 shares disposed (withheld) to satisfy tax withholding obligations related to prior equity transactions. The withheld shares were valued at approximately $201,119 at $11.13 per share. This amendment was filed to report the withholding; it does not reflect an open-market sale intended as a cash-in transaction.

Key Details

  • Transaction date: May 1, 2026; Amended Form 4 filed May 15, 2026 (original Form 4 filed May 5, 2026).
  • Price: $11.13 per share; Total value of withheld shares: $201,119.
  • Transaction code: F (shares withheld to satisfy tax withholding).
  • Shares owned after transaction: not stated in this amendment — the amendment notes all other information from the original Form 4 remains unchanged (see original May 5, 2026 filing for total holdings).
  • Footnote: Amendment filed solely to reflect shares withheld for taxes; no other changes to the original filing.

Context

  • Shares withheld for tax withholding are routine following option exercises or restricted stock vesting and are not the same as an open-market sale; they are generally not viewed as a strong signal of insider sentiment.
  • This filing amends the earlier Form 4 to report the withholding detail; the original Form 4 covered the underlying equity event.