Douglas R. Lebda - 23 May 2024 Form 4 Insider Report for LendingTree, Inc. (TREE)

Signature
/s/ Heather Novitsky as Attorney-in-Fact for Douglas R. Lebda
Issuer symbol
TREE
Transactions as of
23 May 2024
Net transactions value
-$1,431,179
Form type
4
Filing time
28 May 2024, 18:35:32 UTC
Previous filing
20 May 2024
Next filing
11 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREE Common Stock Options Exercise $5,318,000 +200,000 +352% $26.59 256,785 23 May 2024 Direct
transaction TREE Common Stock Tax liability $6,765,716 -157,123 -61% $43.06 99,662 23 May 2024 Direct
transaction TREE Common Stock Award $16,537 +367 +0.37% $45.06 100,029 24 May 2024 Direct F1
holding TREE Common Stock 4,130 23 May 2024 By Spouse F2
holding TREE Common Stock 433,159 23 May 2024 Through 2022 Lebda Family Holdings, LLC F3
holding TREE Common Stock 1,325,000 23 May 2024 Through Lebda Family Holdings, LLC F3
holding TREE Common Stock 12,524 23 May 2024 Through Lebda Family Holdings II, LLC F3
holding TREE Common Stock 300,000 23 May 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 Options to Purchase Common Shares Options Exercise $0 -200,000 -100% $0.000000* 0 23 May 2024 Common Stock 200,000 $26.59 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to Mr. Lebda's employment agreement, in lieu of receiving cash payment in respect of Mr. Lebda's base salary, Mr. Lebda has elected to receive the remainder of his 2024 base salary in Company stock. The amount reported herein represents the net (after tax withholding) amount of Mr. Lebda's salary for the pay period ending May 24, 2024 that was received by Mr. Lebda as Company stock. Such shares are fully vested on the date of issuance.
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.