TripAdvisor (NASDAQ: TRIP) exec exercises RSUs; 9,456 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TripAdvisor, Inc. Chief Business Officer Christiaan-Pepijn Rijvers exercised restricted stock units into common stock and had shares withheld to cover taxes. On May 1, 2026, he converted a total of 20,573 shares of restricted stock units into common stock at a reported value of $11.13 per share. As part of the same event, 9,456 shares of common stock were disposed of to satisfy tax obligations rather than sold on the open market, a routine withholding mechanism. Following these transactions, he directly holds 11,116 shares of TripAdvisor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,573 shares exercised/converted
Mixed
5 txns
Insider
Rijvers Christiaan-Pepijn
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,701 | $0.00 | -- |
| Exercise | Restricted Stock Units | 872 | $0.00 | -- |
| Exercise | Common Stock | 19,701 | $11.13 | $219K |
| Tax Withholding | Common Stock | 9,456 | $11.13 | $105K |
| Exercise | Common Stock | 872 | $11.13 | $10K |
Holdings After Transaction:
Restricted Stock Units — 39,400 shares (Direct, null);
Common Stock — 20,572 shares (Direct, null)
Footnotes (1)
Key Figures
RSU shares converted: 20,573 shares
Tax-withholding shares: 9,456 shares
Post-transaction holdings: 11,116 shares
+3 more
6 metrics
RSU shares converted
20,573 shares
Restricted stock units exercised into common stock on May 1, 2026
Tax-withholding shares
9,456 shares
Common shares disposed of to satisfy tax obligations
Post-transaction holdings
11,116 shares
Common shares held directly after reported transactions
Reference price per share
$11.13 per share
Valuation used for common stock in the reported transactions
Derivative exercises
2 transactions, 20,573 shares
Exercise or conversion of derivative securities (RSUs) on May 1, 2026
Tax-withholding transaction
1 transaction, 9,456 shares
Payment of tax liability by delivering securities (Code F)
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, non-derivative, +1 more
5 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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
non-derivative financial
"transaction_type: "non-derivative" for common stock entries"
direct ownership financial
"ownership_type: "direct" and ownership_code: "D""
FAQ
What insider transactions did TripAdvisor (TRIP) report for Christiaan-Pepijn Rijvers?
TripAdvisor reported that Chief Business Officer Christiaan-Pepijn Rijvers exercised restricted stock units into common stock and had shares withheld for taxes. The filing shows compensation-related equity conversions rather than open-market buying or selling of stock.
Were the TripAdvisor (TRIP) insider transactions open-market buys or sales?
The transactions were RSU conversions and a tax-withholding disposition, not open-market trades. Shares were acquired by exercising restricted stock units, and a portion was withheld to pay taxes, which differs from discretionary open-market buying or selling.