Schmuhl Wolf Ralph-Bruno 4
4 · trivago N.V. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
trivago (TRVG) Director Schmuhl Converts/Exercises RSUs
What Happened
- Director Ralph-Bruno Schmuhl reported multiple derivative exercises/conversions on May 15, 2026 related to vested restricted stock units (RSUs). The Form 4 shows 12,772 American Depositary Shares (ADS) acquired via conversion/exercise (code M) at $0.00 and several dispositions on the same date including 6,642 ADS withheld for taxes (code F) and other conversion/disposition entries totaling additional ADS.
- All transactions are reported at $0.00 because these entries reflect RSU vesting/conversion and tax withholding rather than open-market purchases at cash prices. Footnotes indicate these were RSUs granted in 2024 and 2025 that follow a quarterly vesting schedule.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (appears timely within SEC two-business-day rule).
- Reported items:
- 12,772 ADS acquired (exercise/conversion; code M) @ $0.00.
- 6,642 ADS disposed/withheld for taxes (code F) @ $0.00 (footnote F2).
- Additional exercise/conversion dispositions (code M): 3,313 ADS, 1,126 ADS, and 8,333 ADS — each reported @ $0.00.
- ADS conversion note: 1 ADS represents 5 Class A shares of trivago (footnote F1).
- RSU background: the filing references multiple RSU grants with staggered/quarterly vesting schedules (footnotes F3, F5, F6). F4 notes RSUs do not expire.
- Shares owned after the transactions are not specified in the provided excerpt of the filing.
Context
- These entries reflect RSU vesting/conversion and tax-withholding mechanics (code F) rather than an open-market buy or sale. For derivative filings, code M indicates exercise or conversion of a derivative instrument (here, conversion of RSUs to ADS). Because reported prices are $0.00, the filing does not indicate cash proceeds from open-market sales.
Insider Transaction Report
Form 4
trivago N.V.TRVG
Schmuhl Wolf Ralph-Bruno
Director
Transactions
- Exercise/Conversion
American Depositary Shares
[F1]2026-05-15+12,772→ 34,882 total - Tax Payment
American Depositary Shares
[F1][F2]2026-05-15−6,642→ 28,240 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F1]2026-05-15−3,313→ 6,625 totalExercise: $0.00→ American Depositary Shares (3,313 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F4][F1]2026-05-15−1,126→ 7,888 totalExercise: $0.00→ American Depositary Shares (1,126 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F4][F1]2026-05-15−8,333→ 66,668 totalExercise: $0.00→ American Depositary Shares (8,333 underlying)
Footnotes (6)
- [F1]One (1) American Depositary Share (ADS) represents five (5) Class A Shares.
- [F2]Represents American Depositary Shares of trivago N.V. withheld for payment of taxes due in connection with the vesting of restricted stock units.
- [F3]These Restricted Stock Units were granted on February 2, 2024 for a total of 39,753 units. 1/12th vested on February 15, 2024, and an additional 1/12th will vest quarterly on the vesting dates 15 February, 15 May, 15 August and 15 November thereafter until the award is fully vested, subject to continued service on such vesting date.
- [F4]RSUs do not have an Expiration Date.
- [F5]These Restricted Stock Units were granted on February 27, 2025 for a total of 13,518 units. 1/12th vested on May 15, 2025, and an additional 1/12th will vest quarterly on the vesting dates 15 February, 15 May, 15 August and 15 November thereafter until the award is fully vested, subject to continued service on such vesting date.
- [F6]These Restricted Stock Units were granted on April 14, 2025 for a total of 100,000 units. 1/12th vested on August 15, 2025, and an additional 1/12th will vest quarterly on the vesting dates 15 February, 15 May, 15 August and 15 November thereafter until the award is fully vested, subject to continued service on such vesting date.
Signature
/s/ Olga Mizikova, as Attorney-in-Fact|2026-05-19