Starboard Value LP Amends TripAdvisor 13D/A Filing
| Field | Detail |
|---|---|
| Company | Schedule 13d/A - Tripadvisor, Inc. (0001526520) (Subject) |
| Filed Date | Mar 24, 2026 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: activist-investor, 13D-amendment, corporate-governance
TL;DR
**Activist investor Starboard Value LP just updated its stake in TripAdvisor, signaling potential moves.**
AI Summary
Starboard Value LP, an activist investor, filed an amended Schedule 13D/A on March 23, 2026, regarding its beneficial ownership in TripAdvisor, Inc. This filing indicates a change in their investment position or intent, potentially signaling increased activism or a shift in strategy. For shareholders, this matters because Starboard Value LP's actions often lead to significant corporate changes, such as board overhauls or strategic reviews, which can impact TripAdvisor's stock price and future direction.
Why It Matters
This filing signals that Starboard Value LP, a known activist investor, is actively engaged with TripAdvisor, Inc., which could lead to strategic changes or pressure on management.
Risk Assessment
Risk Level: medium — Activist investor involvement can create both upside potential and uncertainty, leading to increased stock volatility.
Analyst Insight
Investors should monitor future filings and news regarding Starboard Value LP's engagement with TripAdvisor, Inc. for potential strategic shifts or corporate actions that could impact the stock price.
Key Players & Entities
- Starboard Value LP (company) — filer of the SCHEDULE 13D/A
- TripAdvisor, Inc. (company) — subject company of the SCHEDULE 13D/A
- March 23, 2026 (date) — filing date of the SCHEDULE 13D/A
- 0001517137 (person) — CIK for Starboard Value LP
- 0001526520 (person) — CIK for TripAdvisor, Inc.
FAQ
What is the purpose of a SCHEDULE 13D/A filing?
A SCHEDULE 13D/A is an amendment to a Schedule 13D, which is filed by an individual or group that acquires beneficial ownership of more than 5% of a company's voting stock. The '/A' indicates an amendment, meaning there's a change to previously reported information, such as ownership percentage, investment intent, or other material facts, as filed by Starboard Value LP regarding TripAdvisor, Inc. on March 23, 2026.
Who filed this specific SCHEDULE 13D/A?
This specific SCHEDULE 13D/A was filed by Starboard Value LP, with CIK 0001517137, concerning its beneficial ownership in TripAdvisor, Inc. (CIK 0001526520).
Filing Stats: 323 words · 1 min read · ~1 pages · Grade level 18.9 · Accepted 2026-03-23 20:20:35
Key Financial Figures
- $0.001 — respect to the shares of Common Stock, $0.001 par value per share, of Tripadvisor, In
Filing Documents
- primary_doc.html (SCHEDULE 13D/A)
- primary_doc.xml (SCHEDULE 13D/A) — 30KB
- ex991to13da306297373_032326.pdf (EX-99.1) — 299KB
- ex992to13da306297373_032326.htm (EX-99.2) — 17KB
- 0000921895-26-000781.txt ( ) — 461KB
From the Filing
EX-99.2 3 ex992to13da306297373_032326.htm JOINT FILING AGREEMENT Exhibit 99.2 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Common Stock, $0.001 par value per share, of Tripadvisor, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. Starboard Value LP By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Value GP LLC, its general partner Date: 03/23/2026 STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Value LP, its investment manager Date: 03/23/2026 STARBOARD VALUE & OPPORTUNITY S LLC By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Value LP, its manager Date: 03/23/2026 Starboard Value & Opportunity Master Fund L LP By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Value L LP, its general partner Date: 03/23/2026 Starboard Value L LP By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Value R GP LLC, its general partner Date: 03/23/2026 Starboard Value R GP LLC By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory Date: 03/23/2026 Starboard X Master Fund Ltd By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Value LP, its investment manager Date: 03/23/2026 Starboard Value GP LLC By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Principal Co LP, its member Date: 03/23/2026 Starboard Principal Co LP By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory of Starboard Principal Co GP LLC, its general partner Date: 03/23/2026 Starboard Principal Co GP LLC By: /s/ Lindsey Cara Lindsey Cara, Authorized Signatory Date: 03/23/2026 Smith Jeffrey C By: /s/ Lindsey Cara Lindsey Cara, Attorney-in-Fact for Jeffrey C. Smith Date: 03/23/2026 Feld Peter A By: /s/ Lindsey Cara Lindsey Cara, Attorney-in-Fact for Peter A. Feld Date: 03/23/2026