Form 4: Expedia Group CEO Dara Khosrowshahi Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Expedia Group's CEO, Dara Khosrowshahi, executed multiple sales of common stock on March 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Dara Khosrowshahi, CEO of Expedia Group, sold shares of common stock on March 3, 2025.
- The sales were executed under a pre-existing Rule 10b5-1 trading plan adopted on May 22, 2023.
- A total of 9,100 shares were sold at varying prices ranging from $193.1736 to $199.77 per share.
- Following the transactions, Khosrowshahi directly owns 148,505 shares of Expedia Group common stock.
- He also has indirect ownership of 21,910 shares through a children's trust, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2023-05-22 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-03-03 | Date of stock sale transactions. |
| 2025-03-04 | Date of signature on the Form 4 filing. |
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