Tripadvisor Issues Statement on Engagement with Starboard Value

Core Viewpoint - Tripadvisor, Inc. is responding to Starboard Value's intention to nominate director candidates for the Board at the 2026 Annual Meeting, emphasizing its commitment to shareholder value enhancement through ongoing engagement and strategic initiatives [1] Group 1: Engagement with Starboard Value - Tripadvisor's Board and management have engaged in numerous discussions with Starboard Value to understand their perspectives [1] - The company welcomes constructive input that aligns with the goal of enhancing value for all shareholders [1] Group 2: Strategic Initiatives - In November 2025, Tripadvisor realigned its operating model to focus on its leadership position in Experiences and announced a significant cost reduction program [1] - The company is reviewing its portfolio to drive value, as indicated in its Q3 and Q4 2025 earnings reports [1] - On February 12, 2026, Tripadvisor announced a process to explore the monetization of TheFork [1] Group 3: Commitment to Shareholders - Tripadvisor's Board and management are dedicated to acting in the best interests of the company and all shareholders [1] - The company aims to take actions that will drive sustainable value while executing its strategic priorities for long-term growth [1]