Douglas R. Lebda - Mar 1, 2024 Form 4 Insider Report for LendingTree, Inc. (TREE)

Signature
/s/ Heather Novitsky, as Attorney-in-Fact for Douglas R. Lebda
Stock symbol
TREE
Transactions as of
Mar 1, 2024
Transactions value $
-$12,394
Form type
4
Date filed
3/5/2024, 09:36 PM
Previous filing
Sep 15, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREE Common Stock Options Exercise +736 +27.08% 3.45K Mar 2, 2024 By Spouse F1, F2
transaction TREE Common Stock Tax liability -$10.1K -253 -7.32% $39.98 3.2K Mar 2, 2024 By Spouse F2
transaction TREE Common Stock Options Exercise +165 +5.15% 3.37K Mar 3, 2024 By Spouse F1, F2
transaction TREE Common Stock Tax liability -$2.28K -57 -1.69% $39.98 3.31K Mar 3, 2024 By Spouse F2
holding TREE Common Stock 4.56K Mar 1, 2024 Direct
holding TREE Common Stock 433K Mar 1, 2024 Through 2022 Lebda Family Holdings, LLC F3
holding TREE Common Stock 1.33M Mar 1, 2024 Through Lebda Family Holdings, LLC F3
holding TREE Common Stock 12.5K Mar 1, 2024 Through Lebda Family Holdings II, LLC F3
holding TREE Common Stock 300K Mar 1, 2024 Through 2021 Lebda Family Holdings LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TREE Restricted Stock Units Award $0 +2K $0.00 2K Mar 1, 2024 Common Stock 2K By Spouse F1, F2, F4
transaction TREE Restricted Stock Units Award $0 +35K $0.00 35K Mar 1, 2024 Common Stock 35K Direct F1, F5
transaction TREE Performance Vested Restricted Stock Units Award $0 +45K $0.00 45K Mar 1, 2024 Common Stock 45K Direct F6, F7, F8
transaction TREE Restricted Stock Units Options Exercise $0 -736 -49.97% $0.00 737 Mar 2, 2024 Common Stock 736 By Spouse F1, F2, F9
transaction TREE Restricted Stock Units Options Exercise $0 -165 -100% $0.00* 0 Mar 3, 2024 Common Stock 165 By Spouse F1, F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 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.
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 restricted stock units will vest in three substantially equal annual installments beginning on the first anniversary of the grant date.
F5 These restricted stock units will vest in three substantially equal annual installments beginning on the first anniversary of the grant date.
F6 Performance vested restricted stock units convert into common stock on a one-for-one basis.
F7 These performance vested restricted stock units shall vest upon the Company's achievement of specified price hurdles during the four-year period after the grant date, as follows: (1) at a price of $41.17, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the achievement of the price hurdle, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle; (2) at a price of $52.94, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the achievement of the price hurdle, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle; and (3) at a price of $64.70, 1/3 of the performance vested restricted stock units, of which 1/2 will vest upon the achievement of the price hurdle, and the remaining 1/2 will vest upon the first anniversary of achievement of such price hurdle.
F8 (Continued from F7) The price hurdle shall be deemed "achieved" if during the performance period, there is a date on which (with respect to 45 trading days immediately preceding such date) the average closing stock price during such 45-trading-day period of the Company's common stock equaled the applicable price hurdle stock price. To the extent that any Performance Vested RSUs do not become vested by the fourth anniversary of the Award Date, any such unvested performance vested restricted stock units shall be immediately forfeited.
F9 These restricted stock units vest in three substantially equal annual installments beginning on March 3, 2023, subject to continuing service.
F10 These restricted stock units vest in three substantially equal annual installments beginning on March 3, 2022, in accordance with the terms of the original award agreement.