[Form 4] TripAdvisor, Inc. Insider Trading Activity

Rhea-AI Filing Summary

TripAdvisor insider transactions: On 08/15/2025 CEO and Director Matt Goldberg reported purchases and dispositions of TripAdvisor (TRIP) common stock and restricted stock units. He acquired 15,117 common shares (two purchases of 8,324 and 6,793) and disposed of 7,310 common shares (two dispositions of 4,025 and 3,285) at prices around $18.03–$18.05. He also received 8,324 RSUs exercisable 02/15/2025 and 6,793 RSUs exercisable 08/16/2025, with underlying common shares noted in the filing.

Positive

• Net acquisition of common stock: 15,117 shares purchased on 08/15/2025
• RSU awards documented: 8,324 and 6,793 restricted stock units with exercisable dates and underlying common shares disclosed
• Form 4 filed properly with signature by attorney-in-fact, fulfilling Section 16 reporting

Negative

• Partial dispositions of common stock totaling 7,310 shares on 08/15/2025
• Multiple in-and-out transactions on the same date, which may reduce clarity on net intent (reported as separate buys and sells)

Insights

Financial Analyst

TL;DR: Insider reported net purchases of common stock and receipt of RSUs, showing active equity transactions by the CEO on 08/15/2025.

The Form 4 discloses that Matt Goldberg, CEO and Director, executed multiple transactions on 08/15/2025: total acquired common shares of 15,117 and total dispositions of 7,310, at prices reported near $18.03–$18.05. The filing also shows grant/receipt of 8,324 and 6,793 restricted stock units with stated exercisable and expiration dates. These are routine insider equity activities combining open-market trades and equity compensation as documented on the Form 4.

Corporate Governance Expert

TL;DR: Reporting person filed timely Form 4 detailing purchases, dispositions, and RSU holdings consistent with disclosure rules.

The submission is signed by an attorney-in-fact and records multiple transaction codes including purchases (M) and dispositions (F) on the same date. The Form 4 lists direct beneficial ownership entries after each transaction, and RSU details with exercise/expiration dates. The filing meets Section 16 disclosure requirements by reporting both non-derivative trades and derivative (RSU) interests for the CEO.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Goldberg Matt

(Last) (First) (Middle)

C/O TRIPADVISOR, INC.

400 1ST AVENUE

(Street)

NEEDHAM MA 02494

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TripAdvisor, Inc. [ TRIP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2025		M		8,324	A	$18.03	145,444	D
Common Stock	08/15/2025		F		4,025	D	$18.03	141,419	D
Common Stock	08/15/2025		M		6,793	A	$18.03	148,212	D
Common Stock	08/15/2025		F		3,285	D	$18.05	144,927	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$27.03	08/15/2025		M			8,324	02/15/2025	02/15/2028	Common Stock	8,324	$0	83,241	D
Restricted Stock Units	$13.8	08/15/2025		M			6,793	08/16/2025	08/16/2028	Common Stock	6,793	$0	20,380	D

Explanation of Responses:

	/s/ Linda C. Frazier, attorney in fact	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Matt Goldberg report on the TRIP Form 4 dated 08/15/2025?

The Form 4 reports purchases of 8,324 and 6,793 common shares, dispositions of 4,025 and 3,285 common shares, and receipt of RSUs of 8,324 and 6,793.

At what prices were the TRIP shares traded in the Form 4?

Reported prices were approximately $18.03 for several transactions and $18.05 for one disposition on 08/15/2025.

How many total shares were acquired and disposed of by the reporting person?

Total common shares acquired were 15,117 and total common shares disposed were 7,310 on 08/15/2025 as reported.

Were restricted stock units (RSUs) reported for the CEO in this filing?

Yes. The filing shows RSUs of 8,324 (exercisable 02/15/2025, expiring 02/15/2028) and 6,793 (exercisable 08/16/2025, expiring 08/16/2028) with underlying common shares disclosed.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Linda C. Frazier, attorney in fact, dated 08/18/2025.