Ambeskovic Almir 4

What Happened
Almir Ambeskovic, CEO of TheFork (a TripAdvisor-related executive), exercised stock options on May 15, 2026 to acquire a total of 9,259 TripAdvisor shares at an exercise price of $10.93 per share (total exercise cost shown as $101,201). Following the exercise, 4,471 shares were surrendered/withheld on May 18 to cover tax liability (valued at $9.74 per share, $43,548), leaving a net increase of 4,788 shares for Ambeskovic. The Form 4 shows the options (derivatives) converted (disposed at $0) as part of the exercise.

Key Details

• Transaction dates: May 15, 2026 (option exercises) and May 18, 2026 (tax withholding/share surrender).
• Exercise details: 2,810 shares @ $10.93 ($30,713); 1,734 shares @ $10.93 ($18,953); 4,715 shares @ $10.93 ($51,535). Total acquired: 9,259 shares for $101,201.
• Withholding/tax: 4,471 shares withheld @ $9.74 = $43,548 (reported as code F). Net shares retained by insider = 4,788.
• Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax liability (share withholding). The filing also lists the derivative instruments disposed at $0 as part of the conversion.
• Filing: Reported on May 19, 2026 for transactions dated May 15–18, 2026. This filing date is within the typical two-business-day Form 4 window (timely).
• Shares owned after the transaction: not specified in the supplied filing details.

Context

• This was an option exercise (insider converted options into common shares). The company withheld shares to satisfy tax obligations (a common cashless/net-share settlement approach), rather than an open-market sale.
• Exercises increase the insider’s direct ownership (net +4,788 shares here) and are generally treated by investors as the insider taking ownership of shares, but they are not the same signal as a cash purchase on the open market.
• The filing is factual and does not state motives; treat this as a routine option exercise with tax withholding rather than a market purchase or sale.