OZONIAN STEVEN 4

What Happened

• Steven Ozonian, a director of LendingTree (TREE), had 5,000 restricted stock units (RSUs) convert into common shares on June 11, 2026 (reported as an exercise/conversion). The same day 5,000 shares were disposed at $0.00 (derivative disposition). On June 17, 2026 he was granted a new award of 5,000 RSUs (reported as an acquisition/award at $0.00).
• The June 11 conversion and same-day $0.00 disposition resulted in no cash proceeds reported; the June 17 entry is a new RSU grant. The filing shows no reported cash value from these transactions.

Key Details

• Transaction dates and codes: 6/11/2026 — Exercise/Conversion (M) of 5,000 RSUs (acquired) and Disposal (M) of 5,000 shares at $0.00; 6/17/2026 — Grant/Award (A) of 5,000 RSUs at $0.00 (acquired).
• Net effect on common stock ownership: 5,000 RSUs converted then 5,000 shares disposed same day → net zero change in delivered common shares; plus a new grant of 5,000 RSUs (derivative). The filing does not list total shares owned after these transactions.
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2/F3 — Vesting schedules: prior 5,000 RSUs were subject to vesting conditions; the new 5,000 RSUs have a vesting schedule tied to the company’s 2026/2027 annual meetings, change in control, or death/disability.
• Timeliness: The Form 4 was filed on June 17, 2026 for transactions on June 11, 2026 (filed six days later), which is beyond the usual two-business-day reporting window for Form 4 filings.

Context

• A same-day conversion followed by a $0.00 disposal of the resulting shares is commonly how RSU vesting events are reported when shares are withheld to satisfy tax withholding obligations; the filing itself reports the conversion and disposal but does not state tax specifics.
• These entries are derivative-related (RSUs), not open-market buys or sales, so they primarily reflect compensation/vesting mechanics rather than a director signaling a buy or sell decision.