Douglas R. Lebda - Aug 29, 2023 Form 4/A - Amendment Insider Report for LendingTree, Inc. (TREE)

Signature
/s/ Heather Novitsky, as Attorney-in-Fact for Douglas R. Lebda
Stock symbol
TREE
Transactions as of
Aug 29, 2023
Transactions value $
-$7,338,864
Form type
4/A - Amendment
Date filed
9/15/2023, 04:59 PM
Date Of Original Report
Sep 1, 2023
Previous filing
May 4, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREE Common Stock Sale -$3.27M -173K -97.43% $18.91 4.56K Aug 29, 2023 Direct F1, F2
transaction TREE Common Stock Sale -$1.6M -84.9K -39.5% $18.91 130K Aug 29, 2023 Through Douglas R. Lebda Revocable Trust F1, F2
transaction TREE Common Stock Sale -$2.46M -130K -100% $18.96 0 Aug 30, 2023 Through Douglas R. Lebda Revocable Trust F1, F2
holding TREE Common Stock 433K Aug 29, 2023 Through 2022 Lebda Family Holdings LLC F3
holding TREE Common Stock 1.33M Aug 29, 2023 Through Lebda Family Holdings, LLC F3
holding TREE Common Stock 12.5K Aug 29, 2023 Through Lebda Family Holdings II, LLC F3
holding TREE Common Stock 300K Aug 29, 2023 Through 2021 Lebda Family Holdings LLC F3
holding TREE Common Stock 2.72K Aug 29, 2023 By Spouse F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions represent the transfer of a total of 387,785 shares from Douglas R. Lebda ("Lebda") and Douglas R. Lebda Revocable Trust ("Revocable Trust") to 2022 Lebda Family Holdings LLC ("2022 LLC") in exchange for the partial satisfaction and cancellation of a promissory note issued by Lebda and held by 2022 LLC (the "Note," and such transactions, the "Transaction").
F2 The price reported in Column 4 represents the price per share ascribed to each share of Common Stock tendered by Lebda and Revocable Trust to 2022 LLC in the Transaction in satisfaction of outstanding principal and interest on the Note.
F3 The reporting person disclaims beneficial ownership of the shares to the extent in which he does not have a pecuniary interest, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F4 The reporting person disclaims beneficial ownership of the shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares for purposes of Section 16 or any other purpose.

Remarks:

EXPLANATORY NOTE: This amendment is being filed to include supplemental information regarding the background of the reported transactions and the relationship of the parties thereto. The transactions described in Note 1 above were undertaken for estate planning purposes by Mr. Lebda and entities associated with Mr. Lebda and his family members. Mr. Lebda is the sole manager of 2022 LLC and maintains sole voting and dispositive power over the shares of Common Stock transferred to and held by 2022 LLC.