Douglas R. Lebda - May 16, 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
May 16, 2024
Transactions value $
-$149,717
Form type
4
Date filed
5/20/2024, 07:22 PM
Previous filing
May 14, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREE Common Stock Options Exercise +7.5K +14.28% 60K May 16, 2024 Direct F1
transaction TREE Common Stock Tax liability -$150K -3.25K -5.42% $46.01 56.8K May 16, 2024 Direct
holding TREE Common Stock 4.13K May 16, 2024 By Spouse F2
holding TREE Common Stock 433K May 16, 2024 Through 2022 Lebda Family Holdings, LLC F3
holding TREE Common Stock 1.33M May 16, 2024 Through Lebda Family Holdings, LLC F3
holding TREE Common Stock 12.5K May 16, 2024 Through Lebda Family Holdings II, LLC F3
holding TREE Common Stock 300K May 16, 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 Performance Vested Restricted Stock Units Options Exercise -7.5K -16.67% 37.5K May 16, 2024 Common Stock 7.5K Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance vested 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 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.
F5 (Continued from F4) 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.