[Form 4] TripAdvisor, Inc. Insider Trading Activity

Rhea-AI Filing Summary

TripAdvisor insider Form 4: Geoffrey Gouvalaris, TripAdvisor's Chief Accounting Officer, reported multiple transactions on 08/15/2025 involving both acquisitions and dispositions of TripAdvisor common stock and related restricted stock units. Reported non-derivative trades show purchases of 1,370 and 867 shares at $18.03 and sales of 403 and 255 shares at $18.03. Table II lists restricted stock unit activity for 1,370 and 867 units with stated exercisable and expiration dates. The filing is signed by attorney-in-fact Linda C. Frazier on 08/18/2025.

Positive

• Transparent reporting: The Form 4 discloses transaction dates, quantities, prices, and post-transaction beneficial ownership.
• Complete RSU detail: Table II lists exercisable and expiration dates for restricted stock units related to the transactions.

Negative

• Mixed activity: The reporting person both purchased and sold shares on the same date, which may obscure simple directional insider signal.
• Limited context: The filing does not state the reason for the transactions (e.g., open-market sales, tax withholding, or award settlement).

Insights

Financial Analyst

TL;DR: Routine insider transactions by a senior officer: mixed buys and sells totaling modest share changes at $18.03 per share.

The filing documents themed transactions on a single date (08/15/2025) showing both acquisitions and dispositions at the same price of $18.03. Non-derivative entries and related RSU entries are disclosed separately, with post-transaction beneficial ownership levels reported for each line. This appears to be administrative reporting of equity awards/settlements and open-market activity rather than a corporate-level event.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported transactions and includes attorney-in-fact signature.

The Form 4 identifies the reporting person, role (Chief Accounting Officer), transaction dates, codes, quantities, prices, and resulting beneficial ownership counts. Table II shows restricted stock unit details with exercisable and expiration dates. The presence of an attorney-in-fact signature indicates the filer used a delegated signer. The disclosure meets standard Section 16(a) reporting elements.

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^*

Gouvalaris Geoffrey

(Last) (First) (Middle)

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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chief Accounting Officer

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		1,370	A	$18.03	90,409	D
Common Stock	08/15/2025		F		403	D	$18.03	90,006	D
Common Stock	08/15/2025		M		867	A	$18.03	90,873	D
Common Stock	08/15/2025		F		255	D	$18.03	90,618	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	$0	08/15/2025		M			1,370	02/15/2024	02/15/2027	Common Stock	1,370	$0	8,221	D
Restricted Stock Units	$27.03	08/15/2025		M			867	02/15/2025	02/15/2028	Common Stock	867	$0	8,671	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

Who filed the Form 4 for TripAdvisor (TRIP)?

Geoffrey Gouvalaris, the Chief Accounting Officer of TripAdvisor, filed the Form 4 (signed by attorney-in-fact Linda C. Frazier on 08/18/2025).

What transactions were reported on 08/15/2025 in the TRIP Form 4?

Non-derivative trades: Purchases of 1,370 and 867 shares at $18.03 and sales of 403 and 255 shares at $18.03; related RSU activity is also listed in Table II.

What restricted stock unit activity is disclosed in this TRIP filing?

Table II shows RSU entries for 1,370 units ($0 price, exercisable 02/15/2024, expiring 02/15/2027) and 867 units ($27.03 price, exercisable 02/15/2025, expiring 02/15/2028).

What were the prices reported for the common stock transactions?

All reported trades in Table I list a price of $18.03 per share.

How many shares did the reporting person own after the transactions?

Post-transaction beneficial ownership is shown line-by-line in the filing (examples include 90,409; 90,006; 90,873; 90,618 shares following the respective transactions).