Breidenbach Joana Carena 4

What Happened

• Joana Breidenbach, a director of trivago N.V. (TRVG), was granted a derivative award on 2026-05-15 for 69,092 Class A shares. The Form 4 records the acquisition price as $0.00 (transaction code A — award/grant).
• This is a compensation-related derivative award (e.g., options or RSUs) rather than an open-market purchase or sale. The filing lists no immediate cash value; actual value depends on terms (see Key Details).

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed within the required reporting window).
• Shares/units granted: 69,092 Class A shares (derivative). Filing reports total $0.00 for the acquisition.
• ADS ratio: 1 American Depositary Share (ADS) = 5 Class A shares, so the grant equals 13,818.4 ADS-equivalents.
• Vesting/strike notes: Strike price is denominated in euros (footnote). Vesting: 1/12th vests on Aug 15, 2026, then 1/12th vests quarterly on Feb 15, May 15, Aug 15 and Nov 15 thereafter until fully vested (per footnote).
• Shares owned after transaction: not specified in the Form 4 filing.
• Filing timeliness: reported on 2026-05-19 for a 2026-05-15 transaction — appears timely (filed within the 2 business-day window).

Context

• Because this is a derivative compensation grant (not an open-market buy), it is generally part of standard director compensation and doesn't directly signal an immediate personal investment. The economic benefit to the insider will depend on vesting and any exercise/strike terms, which are denominated in euros per the filing.