Scott Peyree - Sep 24, 2024 Form 4 Insider Report for LendingTree, Inc. (TREE)

Role: Chief Operating Officer
Signature: /s/ Heather Novitsky, as Attorney-in-Fact for Scott Peyree
Stock symbol: TREE
Transactions as of: Sep 24, 2024
Transactions value $: -$91,261
Form type: 4
Date filed: 9/26/2024, 04:18 PM
Previous filing: Aug 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREE	Common Stock	Options Exercise		+4K	+11.08%		40.1K	Sep 24, 2024	Direct	F1
transaction	TREE	Common Stock	Tax liability	-$91.3K	-1.57K	-3.93%	$57.98	38.5K	Sep 24, 2024	Direct
holding	TREE	Common Stock						9.62K	Sep 24, 2024	Through a revocable trust
holding	TREE	Common Stock						1.69K	Sep 24, 2024	Through a grantor retained annuity trust	F2
holding	TREE	Common Stock						1.69K	Sep 24, 2024	Through a grantor retained annuity trust

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		+4K	+33.33%		16K	Sep 24, 2024	Common Stock	4K		Direct	F1, F3, F4

* 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's spouse is the sole beneficiary of this grantor retained annuity trust. 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	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.
F4	(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.