Tripadvisor CAO exercises 4,438 RSUs at $10.97

TripAdvisor, Inc. (TRIP) reported that Chief Accounting Officer Geoffrey Gouvalaris exercised multiple Restricted Stock Units into common stock on 2026-08-14.

Rhea-AI Filing Summary

TripAdvisor, Inc. (TRIP) reported that Chief Accounting Officer Geoffrey Gouvalaris exercised multiple Restricted Stock Units into common stock on 2026-08-14. Three derivative transactions converted an aggregate of 4,438 Restricted Stock Units into an equal number of common shares through code M transactions. Corresponding non-derivative entries show acquisitions of 1,370, 867, and 2,201 common shares at a reported transaction price of $10.97 per share, with separate code F dispositions where a total of 1,304 common shares were delivered or withheld to satisfy exercise price or tax obligations. All positions are reported as held directly.

Insider Trade Summary

4,438 shares exercised/converted

Exercise 9 txns

Insider Gouvalaris Geoffrey

Role Insider

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,370	$0.00	$0.00
Exercise	Restricted Stock Units	867	$0.00	$0.00
Exercise	Restricted Stock Units	2,201	$0.00	$0.00
Exercise	Common Stock	1,370	$10.97	$15K
Exercise Price or Tax Liability	Common Stock	403	$10.97	$4K
Exercise	Common Stock	867	$10.97	$10K
Exercise Price or Tax Liability	Common Stock	255	$10.97	$3K
Exercise	Common Stock	2,201	$10.97	$24K
Exercise Price or Tax Liability	Common Stock	646	$10.97	$7K

Holdings After Transaction: Restricted Stock Units — 29,952 contracts (Direct); Common Stock — 108,518 shares (Direct)

Key Figures

RSUs exercised (total): 4,438 shares Common shares acquired (1st leg): 1,370 shares Common shares acquired (2nd leg): 867 shares +5 more

8 metrics

RSUs exercised (total) 4,438 shares Aggregate underlying shares in three code M derivative transactions on 2026-08-14

Common shares acquired (1st leg) 1,370 shares Common stock received from RSU exercise at $10.97 per share

Common shares acquired (2nd leg) 867 shares Common stock received from RSU exercise at $10.97 per share

Common shares acquired (3rd leg) 2,201 shares Common stock received from RSU exercise at $10.97 per share

Shares withheld for exercise price or tax 1,304 shares Total of three code F dispositions of common stock on 2026-08-14

Reported transaction price $10.97 per share Price used for non-derivative common stock entries on 2026-08-14

Conversion or exercise price (RSU leg 2) $27.03 per share Conversion or exercise price for 867 Restricted Stock Units into common stock

Conversion or exercise price (RSU leg 3) $14.91 per share Conversion or exercise price for 2,201 Restricted Stock Units into common stock

Key Terms

Restricted Stock Units, derivative security, exercise-price-or-tax-liability disposition

3 terms

Restricted Stock Units financial

"security_title": "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

exercise-price-or-tax-liability disposition financial

"transaction_action": "exercise-price-or-tax-liability disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did TRIP executive Geoffrey Gouvalaris report on 2026-08-14?

Geoffrey Gouvalaris reported exercising 4,438 Restricted Stock Units into common stock and related share withholdings on 2026-08-14. The transactions involved both acquisitions of common shares and dispositions to cover exercise price or tax obligations.

How many Restricted Stock Units did the TripAdvisor (TRIP) insider exercise?

The insider exercised a total of 4,438 Restricted Stock Units into TripAdvisor common stock. These came from three derivative transactions covering 1,370, 867, and 2,201 units, each converting into an equal number of common shares on the same date.

At what price were TripAdvisor (TRIP) common stock transactions recorded in this Form 4?

The related common stock transactions were reported at $10.97 per share. This per-share amount applies to the non-derivative entries for both the acquisitions and the code F dispositions tied to the RSU exercises on 2026-08-14.

What does the code F disposition in the TRIP Form 4 filing represent?

The code F transactions represent 1,304 common shares delivered or withheld for payment of exercise price or tax liability. They are not open-market sales but administrative dispositions associated with the RSU exercises reported the same day.

Is the insider activity in this TripAdvisor (TRIP) Form 4 a net purchase or sale?

The filing reports both acquisitions and dispositions, including RSU exercises and code F withholdings. The structured summary characterizes the net buy/sell share impact as neutral, without indicating an overall market purchase or sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 05:35 PM Accepted by SEC EDGAR 08/18/2026 - 05:34 PM Learn about SEC filing dates

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 MASSACHUSETTS 02494

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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

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

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

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	08/14/2026		M		1,370	A	$10.97	106,754	D
Common Stock	08/14/2026		F		403	D	$10.97	106,351	D
Common Stock	08/14/2026		M		867	A	$10.97	107,218	D
Common Stock	08/14/2026		F		255	D	$10.97	106,963	D
Common Stock	08/14/2026		M		2,201	A	$10.97	109,164	D
Common Stock	08/14/2026		F		646	D	$10.97	108,518	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	08/14/2026		M			1,370	02/15/2024	02/15/2027	Common Stock	1,370	$0	2,741	D
Restricted Stock Units	$27.03	08/14/2026		M			867	02/15/2025	02/15/2028	Common Stock	867	$0	5,203	D
Restricted Stock Units	$14.91	08/14/2026		M			2,201	02/15/2026	02/15/2029	Common Stock	2,201	$0	22,008	D

Explanation of Responses:

	/s/ Linda C. Frazier, attorney in fact	08/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)