Booking Holdings (BKNG) Insider Trading: Form 4 SEC Filing

A recent SEC Form 4 filing provides details on insider trading activity at Booking Holdings Inc. (BKNG) by an executive. The filing, dated June 3, 2024, reports transactions that occurred on May 31, 2024, involving Peter Millones, the Executive Vice President, General Counsel, and Secretary of the travel technology company.

On May 31, 2024, Mr. Millones acquired 1,842 shares of Booking Holdings Inc. Common Stock. This acquisition stemmed from the exercise or conversion of derivative securities, specifically non-qualified stock options. The reported price per share for the acquired common stock was $0, indicating the mechanism of conversion rather than a direct purchase at market value.

Concurrently with the acquisition of common stock, 1,842 derivative securities were disposed of. These derivative securities represented a right to acquire Common Stock and had an exercise price of $1,809.80 per share. The options were scheduled to expire on June 3, 2024. Following these transactions, Peter Millones holds 2,936 shares of Booking Holdings Inc. Common Stock directly, and the beneficially owned derivative securities of this type became zero.

This filing offers transparency into the adjustments in Mr. Millones’ equity holdings within Booking Holdings Inc., reflecting the exercise of stock options by a corporate executive.

### Key Points

* Filing Date: 2024-06-03
* Transaction Date: 2024-05-31
* Reporting Person: Peter Millones
* Reporting Person’s Role: Executive Vice President, General Counsel and Secretary of Booking Holdings Inc.
* Common Stock Acquired: 1,842 shares
* Price per share for Common Stock acquisition: $0
* Common Stock Beneficially Owned Following Transaction: 2,936 shares
* Derivative Security Type: Non-qualified stock option (Right to acquire Common Stock)
* Derivative Security Conversion/Exercise Price: $1,809.80 per share
* Derivative Securities Disposed of: 1,842
* Derivative Security Expiration Date: 2024-06-03
* Underlying Shares for Derivative Securities Disposed: 1,842
* Derivative Securities Beneficially Owned Following Transaction: 0

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