TripAdvisor officer exercises RSUs, covers tax bill

TripAdvisor, Inc. Chief Business Officer Christiaan-Pepijn Rijvers exercised restricted stock units into common stock and had shares withheld to cover taxes.

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.

Insider Trade Summary

20,573 shares exercised/converted

Exercise 5 txns

Insider Rijvers Christiaan-Pepijn

Role Chief Business Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	19,701	$0.00	$0.00
Exercise	Restricted Stock Units	872	$0.00	$0.00
Exercise	Common Stock	19,701	$11.13	$219K
Exercise Price or Tax Liability	Common Stock	9,456	$11.13	$105K
Exercise	Common Stock	872	$11.13	$10K

Holdings After Transaction: Restricted Stock Units — 52,477 contracts (Direct); Common Stock — 11,988 shares (Direct)

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

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

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.

How many TripAdvisor (TRIP) shares did Christiaan-Pepijn Rijvers acquire through RSU exercises?

Christiaan-Pepijn Rijvers acquired 20,573 shares of TripAdvisor common stock through the exercise and conversion of restricted stock units. These equity awards represent compensation vesting rather than an open-market purchase of additional shares by the executive.

How many TripAdvisor (TRIP) shares were withheld for taxes in this Form 4?

The Form 4 shows that 9,456 shares of TripAdvisor common stock were disposed of to satisfy tax obligations. This tax-withholding disposition is a standard mechanism and is not treated as an open-market sale by the executive.

What is Christiaan-Pepijn Rijvers’ TripAdvisor (TRIP) shareholding after these transactions?

After the reported transactions, Christiaan-Pepijn Rijvers directly holds 11,116 shares of TripAdvisor common stock. This post-transaction balance reflects the net result after RSU conversions into shares and the separate share withholding to cover tax liabilities.

At what price were the TripAdvisor (TRIP) shares valued in the reported RSU events?

The RSU-related common stock transactions in the filing reference a price of $11.13 per share. This figure is used in the Form 4 to value the common stock associated with the exercises and the related tax-withholding disposition.

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.

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

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Accepted by SEC EDGAR 05/05/2026 - 08:38 PM EDT 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^*

Rijvers Christiaan-Pepijn

(Last) (First) (Middle)

400 1ST AVENUE

C/O TRIPADVISOR, INC.

(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
X	Officer (give title below)		Other (specify below)
	Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		M		19,701	A	$11.13	20,572	D
Common Stock	05/01/2026		F		9,456	D	$11.13	11,116	D
Common Stock	05/01/2026		M		872	A	$11.13	11,988	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	05/01/2026		M			19,701	05/01/2026	05/01/2028	Common Stock	19,701	$0	39,400	D
Restricted Stock Units	$0	05/01/2026		M			872	05/01/2026	11/01/2028	Common Stock	872	$0	13,077	D

Explanation of Responses:

	/s/ Linda C. Frazier, attorney in fact	05/05/2026
	** 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)