trivago N.V. (TRVG): PAR entities disclose 4.29M ADS, 18.6% ownership

Rhea-AI Filing Summary

PAR Investment Partners, L.P., together with PAR Group II, L.P. and PAR Capital Management, Inc., reports beneficial ownership of trivago N.V. American Depository Shares. The group holds 4,292,733 ADSs, representing 18.6% of the Class A Shares, with sole voting and dispositive power over all reported shares. Each ADS represents 1/5 of a Class A Share with a nominal value of €0.06 per share. The PAR entities, organized in Delaware, state that they are eligible to report this position on Schedule 13G under Rule 13d‑1(h) and are filing pursuant to Rule 13d‑1(c). The ownership structure is tiered, with PAR Investment Partners, L.P. as the direct holder and PAR Group II, L.P. and PAR Capital Management, Inc. as its general partners, each of which may be deemed a beneficial owner of the same shares.

Key Figures

Beneficial ownership: 18.6% ADSs beneficially owned: 4,292,733 ADS to share ratio: 1/5 +2 more

5 metrics

Beneficial ownership 18.6% Percentage of trivago N.V. Class A Shares beneficially owned via ADSs

ADSs beneficially owned 4,292,733 Total trivago N.V. ADSs over which PAR entities have sole voting and dispositive power

ADS to share ratio 1/5 Each ADS represents 1/5 of a trivago N.V. Class A Share

Nominal value per Class A Share €0.06 Nominal value in Euro currency for each trivago N.V. Class A Share

Schedule classification Schedule 13G Filed pursuant to Rule 13d-1(c) with eligibility under Rule 13d-1(h)

Key Terms

Schedule 13G, beneficial owner, sole voting power, American Depository Shares, +1 more

5 terms

Schedule 13G regulatory

"The reporting persons are filing this Schedule l3G to reflect the fact..."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial owner financial

"may be deemed to be the beneficial owner of all shares held directly..."

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole voting power financial

"Sole Voting Power 4,292,733.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

American Depository Shares financial

"Title of class of securities: American Depository Shares (ADS)s each representing..."

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

parent holding company regulatory

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company..."

FAQ

How much of trivago N.V. (TRVG) does PAR Investment Partners beneficially own?

PAR Investment Partners and related entities beneficially own 4,292,733 trivago N.V. ADSs, representing 18.6% of the Class A Shares. They report sole voting and dispositive power over all of these shares.

What type of security in trivago N.V. (TRVG) is reported in this Schedule 13G/A?

The filing covers American Depository Shares (ADSs), each representing 1/5 of a Class A Share of trivago N.V., with a nominal value of €0.06 per share on the underlying Class A Share.

Which entities are reporting the trivago N.V. (TRVG) holdings in this Schedule 13G/A?

The reporting persons are PAR Investment Partners, L.P., PAR Group II, L.P., and PAR Capital Management, Inc., all organized in Delaware, with a tiered general partner structure linking the entities.

What voting and dispositive powers do the PAR entities report for their TRVG holdings?

They report sole power to vote or direct the vote over 4,292,733 ADSs and sole power to dispose or direct the disposition of the same number, with no shared voting or dispositive power.

Under which SEC rules is the trivago N.V. (TRVG) stake being reported on Schedule 13G?

The reporting persons state they are eligible under Rule 13d‑1(h) and are filing this ownership report on Schedule 13G pursuant to Rule 13d‑1(c), rather than on a Schedule 13D.

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

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Available on EDGAR 08/14/2026 - 04:00 PM Accepted by SEC EDGAR 08/14/2026 - 04:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

trivago N.V.

(Name of Issuer)

American Depository Shares (ADS)s each representing 1/5 of a Class A Share, nominal Value (Euro Currency) 0.06 per Share

(Title of Class of Securities)

89686D105

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 89686D105

1

Names of Reporting Persons

PAR Investment Partners, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,292,733.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,292,733.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,292,733.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

18.6 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Percentage total is based on Class A Shares outstanding as reported in the Issuer's most recent Report on Form 6-K filed with the SEC on August 4, 2026. Each ADS is exchangeable for 1/5 of a Class A Share. The reporting persons are filing this Schedule l3G to reflect the fact that under Rule 13d-1(h) they are eligible to file a Schedule 13G pursuant to Rule 13d-l(c).

SCHEDULE 13G

CUSIP Number(s): 89686D105

1

Names of Reporting Persons

PAR Group II, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,292,733.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,292,733.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,292,733.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

18.6 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reporting persons are filing this Schedule l3G to reflect the fact that under Rule 13d-1(h) they are eligible to file a Schedule 13G pursuant to Rule 13d-l(c).

SCHEDULE 13G

CUSIP Number(s): 89686D105

1

Names of Reporting Persons

PAR Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,292,733.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,292,733.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,292,733.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

18.6 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The reporting persons are filing this Schedule l3G to reflect the fact that under Rule 13d-1(h) they are eligible to file a Schedule 13G pursuant to Rule 13d-l(c).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: trivago N.V.
(b)	Address of issuer's principal executive offices: Kesselstra8e 5 - 7 40221 Diisseldorf Federal Republic of Germany
Item 2.
(a)	Name of person filing: PAR Investrnent Partners, L.P. PAR Group II, L.P. PAR Capital Management, [nc.
(b)	Address or principal business office or, if none, residence: PAR Capital Management, Inc. 200 Clarendon Street, FL 48 Boston, MA 021 I 6
(c)	Citizenship: State of Delaware
(d)	Title of class of securities: American Depository Shares (ADS)s each representing 1/5 of a Class A Share, nominal Value (Euro Currency) 0.06 per Share
(e)	CUSIP No.: 89686D105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,292,733
(b)	Percent of class: 18.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,292,733
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,292,733
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. The sole general parbrer of PAR Investment Partners, L.P. is PAR Group II, L.P. The sole general partner of PAR Group II, L.P., is PAR Capital Management, Inc. Each of PAR Group II, L.P. and PAR Capital Management, Inc. may be deemed to be the beneficial owner of all shares held directly by PAR Invesftnent Partners, L.P.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PAR Investment Partners, L.P.

Signature:	/s/ Steven M. Smith
Name/Title:	Chief Operating Officer
Date:	08/14/2026

PAR Group II, L.P.

Signature:	/s/ Steven M. Smith
Name/Title:	Chief Operating Officer
Date:	08/14/2026

PAR Capital Management, Inc.

Signature:	/s/ Steven M. Smith
Name/Title:	Chief Operating Officer
Date:	08/14/2026

Comments accompanying signature: PAR INVESTMENT PARTNERS, L.P. By: PAR Group II, L.P. its general partner By: PAR Capital Management, Inc. its general partner PAR GROUP II, L.P. By: PAR Capital Management, Inc. its general partner