Smith Ian Malcolm 4

What Happened

• Ian Malcolm Smith, Chief Operating Officer of LendingTree, reports the conversion/settlement of 3,333 derivative units (reported as code M) into common stock on March 10, 2026. To satisfy tax withholding obligations (code F), 989 of those shares were surrendered at $42.65 per share, totaling $42,181. The filing was made on March 12, 2026.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Reported entries: conversion/exercise-of-derivative (M) for 3,333 shares; tax-withholding surrender (F) of 989 shares at $42.65/sh = $42,181.
• Net shares received from this tranche: 3,333 vested − 989 withheld = 2,344 shares retained (based on the reported conversion and withholding).
• Footnotes: F1 — restricted stock units convert 1-for-1 into common stock; F2 — these RSUs vest in three substantially equal installments beginning March 10, 2026 (this was the first vesting installment).
• Shares owned after the transaction were not disclosed in the provided filing.

Context

• This was a vesting/settlement of restricted stock units rather than an open-market purchase or sale; the withholding of 989 shares is a routine tax-withholding mechanism and not a market sale signal.
• Code M indicates conversion/exercise of a derivative (here, RSUs converting into common shares). The entry showing a $0 disposition typically reflects a non-cash conversion/settlement, not a sale for proceeds.