Sarasvathy Saras 4

What Happened

• Sarasvathy Saras, a director of LendingTree, had a 5,000‑share derivative conversion reported on June 11, 2026 (Form 4 code M — exercise/conversion of a derivative). The same day the filing shows a disposition of 5,000 shares with $0 proceeds. On June 17, 2026 she was reported as receiving/being granted 5,000 restricted stock units (code A — award/grant) at $0 (derivative).
• The filing treats the instruments as restricted stock units (RSUs) that convert one‑for‑one into common stock. No cash proceeds are reported for the 5,000‑share disposition, and the new 5,000‑RSU grant carries a $0 per‑share reported value.

Key Details

• Transaction dates and codes: 2026-06-11 (M: conversion/exercise of derivative; 5,000 shares acquired); 2026-06-11 (M: disposition of 5,000 shares at $0); 2026-06-17 (A: grant/award of 5,000 RSUs at $0).
• Prices/values: All reported at $0 per share for the disposition and the award; no cash value reported in this excerpt.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 confirms RSUs convert 1:1 into common stock. F2 describes a 5,000‑RSU grant dated June 11, 2025 with certain vesting triggers; F3 describes vesting terms for the June 17, 2026 RSU award (vesting on specified future events).
• Filing timeliness: Form 4 was filed June 17, 2026 reporting a June 11 transaction; this appears later than the standard two business‑day reporting window (the filing discloses both June 11 and June 17 activity).

Context

• Derivative explanation: The “M” entries reflect conversion/exercise of RSUs into common shares. A same‑day reported disposition at $0 often reflects share surrender or withholding to satisfy tax or withholding obligations, though the filing does not explicitly state the reason.
• Interpretation for investors: These transactions are largely administrative (RSU vest/convert and a new RSU grant) rather than an open‑market buy or sale. Administrative conversions and company awards are common for directors and do not on their own indicate a buy/sell signal.