Director Joana Carena Breidenbach of trivago N.V. filed a Form 4 on August 11, 2026, disclosing the exercise of stock options and subsequent sales of American Depositary Shares on August 7 and August 10, 2026.

Key Highlights

  • Two sale dates: Breidenbach sold 2,733 ADS on August 7, 2026, at $5.7411 per share, and 35,000 ADS on August 10, 2026, at $5.1605 per share.
  • Option exercises: A total of 37,733 ADS were acquired via stock option exercises (transaction code M) across both dates, each at a strike price of $0.30 (denominated in Euro).
  • Post-transaction ownership: Following all reported transactions, Breidenbach directly holds 16,725 ADS.
  • Remaining derivative securities: After the transactions, Breidenbach holds stock options to acquire an aggregate of 83,433 ADS, spanning expiration dates from March 1, 2029, through May 22, 2031.
  • ADS structure: According to the filing, one ADS represents five Class A shares of trivago N.V.
  • Issuer and ticker: The filing identifies the issuer as trivago N.V., trading on NASDAQ:TRVG.

Breidenbach's Option Exercises and ADS Disposals at trivago N.V.

According to the filing, Joana Carena Breidenbach, identified as a director of trivago N.V. (NASDAQ:TRVG), reported two sets of transactions on August 7 and August 10, 2026. On August 7, she exercised stock options to acquire 2,733 ADS at a strike price of $0.30 (denominated in Euro) and simultaneously sold those 2,733 ADS at $5.7411 per share. Following that sale, her directly held ADS position stood at 16,725.

On August 10, the filing discloses a second round of activity: Breidenbach exercised options to acquire 35,000 ADS, again at the $0.30 Euro-denominated strike price, and sold all 35,000 ADS at $5.1605 per share. Her directly held ADS balance remained at 16,725 after this second sale. The filing notes that the options exercised on August 10 included 2,199 options from a May 23, 2023 grant (originally 30,464 units, vesting in twelfths beginning August 15, 2023) and 32,801 options from a May 22, 2024 grant (originally 81,967 units, vesting in twelfths beginning August 15, 2024), both subject to continued service on each quarterly vesting date.

In Table II, the filing records the disposition of stock options with expiration dates of July 22, 2028 (fully vested, now at zero remaining), while options expiring March 1, 2029, May 23, 2030, and May 22, 2031, remain with balances of 8,540, 25,727, and 49,166 derivative securities, respectively. The filing was signed by Olga Mizikova as Attorney-in-Fact on August 11, 2026.

What Was Disclosed

The Form 4 discloses that trivago director Joana Carena Breidenbach exercised stock options for a combined 37,733 ADS and sold all exercised shares across two trading dates in August 2026, leaving her with 16,725 directly held ADS and remaining options on 83,433 ADS.