Goldberg Matt 4

What Happened

• Matt Goldberg, CEO, President and Director of TripAdvisor (TRIP), exercised 16,117 stock options on July 1, 2026. He paid an aggregate exercise price of $220,964 (16,117 shares × $13.71).
• To satisfy tax withholding, 7,793 of the newly issued shares were withheld (reported as a disposition under code F) valued at $106,842 (7,793 × $13.71). The net shares retained by Goldberg after withholding are 8,324.
• The filing also shows the technical conversion of the derivative (option) into common stock (16,117 shares reported at $0.00), reflecting the exercise/settlement.

Key Details

• Transaction date: 2026-07-01; Filing date (Form 4): 2026-07-02 (timely; Form 4s are due within two business days).
• Exercise price paid: $13.71 per share; total paid $220,964.
• Tax withholding: 7,793 shares withheld (code F), value $106,842.
• Net shares acquired: 8,324 shares.
• Post-transaction total holdings: not specified in the provided filing summary.
• Transaction codes: M = option exercise/conversion; F = shares withheld for tax liability.
• Accession number: 0001526520-26-000149.

Context

• This was an option exercise, not an open-market purchase or sale to third parties. Withholding of shares to cover taxes is a common, administrative step and does not necessarily indicate a sale for investment reasons.
• The filing shows conversion of the derivative into shares (the $0.00 derivative line is the technical record of that conversion). No late filing flags were indicated in the provided information.