TripAdvisor (TRIP) TheFork CEO Almir Ambeskovic Exercises 9,260 Options

What Happened
Almir Ambeskovic, CEO of TheFork (a TripAdvisor business), exercised stock option awards on 2026-08-14 to acquire a total of 9,260 TripAdvisor shares. The options were exercised at $13.46 per share for a total exercise cost/value of about $124,640. To satisfy tax withholding and related obligations, 5,200 shares were withheld/disposed (valued at about $53,612), leaving a net of 4,060 newly issued shares retained by Ambeskovic. The Form 4 shows corresponding derivative awards were cancelled upon exercise.

Key Details

• Transaction date: 2026-08-14; Form 4 filed 2026-08-18 (filed within standard two business days).
• Options exercised (code M): 2,810, 1,734, and 4,716 shares at $13.46 each (total 9,260 shares; ~$124,640).
• Tax/withholding disposals (code F): 1,578, 975, and 2,647 shares at $10.31 each (total 5,200 shares; ~$53,612).
• Derivative dispositions at $0.00 reflect cancellation/settlement of the option awards upon exercise.
• Shares owned after the transaction are not specified in the supplied data; net newly held shares from this exercise = 4,060.

Context

• Code M = exercise/conversion of options; code F = shares withheld to pay taxes or exercise price. This pattern is a common cashless/net-share settlement where some exercised shares are surrendered to cover tax liabilities rather than an open-market sale.
• These transactions are routine for option exercises and not an open-market buy or sell signal. No 10b5-1 plan or other footnotes were noted in the supplied data.