Form 4: Expedia Group CEO Dara Khosrowshahi Sells Shares Under 10b5-1 Trading Plan

Expedia Group CEO Dara Khosrowshahi sold shares of EXPE common stock on November 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Dara Khosrowshahi, CEO of Expedia Group, sold 1,898 shares of common stock at a weighted average price of $157.3312 on November 1, 2024.
• He also sold 8,102 shares of common stock at a weighted average price of $156.7565 on the same day.
• These sales were executed under a Rule 10b5-1 trading plan adopted on May 22, 2023.
• Following these transactions, Khosrowshahi directly owns 188,505 shares of Expedia Group common stock.
• He also indirectly owns 21,910 shares through a children's trust, but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by corporate insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of trading on non-public information. The market typically views these sales in the context of the overall trading plan and the insider's remaining holdings.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on their perception of insider selling activity.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates