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<title>expe-20210225</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN180L2ZyYWc6ZTYyNThkMGIxNjY3NGYxMDhmMTdjZmU2ODJjYjdhM2MvdGFibGU6NjQ0MmEzY2FkOTg4NDMwNzg4OGEzYTQzNmEzMWI4NmQvdGFibGVyYW5nZTo2NDQyYTNjYWQ5ODg0MzA3ODg4YTNhNDM2YTMxYjg2ZF8yLTEtMS0xLTA_0a18518e-e7c2-406f-bb54-153a464fadeb">0001324424</ix:nonNumeric><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:AmendmentFlag" 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scheme="http://www.sec.gov/CIK">0001324424</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:EntityListingsExchangeAxis">exch:XNGS</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-02-25</xbrli:startDate><xbrli:endDate>2021-02-25</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ia90d682ba13f459f8bd421bc10d6f9a7_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:282.75pt"><tr><td style="width:1.0pt"></td><td style="width:280.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yMzk3_75fb8dbd-4d95-4747-b994-9bacb85ceec3">8-K</ix:nonNumeric> </span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:282.75pt"><tr><td style="width:1.0pt"></td><td style="width:280.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">PURSUANT TO SECTION 13 OR 15(d)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">OF THE SECURITIES EXCHANGE ACT OF 1934</span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): <ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yMjg_0fc84217-bb94-4e39-be8e-3973d4f4e799">February 25, 2021</ix:nonNumeric> </span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:282.75pt"><tr><td style="width:1.0pt"></td><td style="width:280.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yMzk4_0e6b6eee-1f39-41e9-bc55-b3d4b7374a08">EXPEDIA GROUP, INC.</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:282.75pt"><tr><td style="width:1.0pt"></td><td style="width:280.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:18.080%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.668%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.002%"></td><td 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jurisdiction<br/>of incorporation)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(Commission<br/>File Number)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(I.R.S. Employer<br/>Identification No.)</span></td></tr></table></div><div style="margin-top:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yMzk5_b1294339-3388-4aa9-8c6d-23a8eff37a79">1111 Expedia Group Way W.</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yNDAw_cb3c7b6e-4e6b-45b9-8cde-f0f9f6e53b07">Seattle</ix:nonNumeric>, <ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yNDAx_62173b6f-9bc8-43b6-84b3-40afcaeba1fe">Washington</ix:nonNumeric> <ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yNDAy_695e4c92-d72f-4d4e-baf0-bb2ae252463d">98119</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Address of principal executive offices) (Zip code)</span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yNDAz_102d8e35-fe86-4de4-ba93-a2cb8f493656">206</ix:nonNumeric>) <ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGV4dHJlZ2lvbjplNGVhMzU1YjU1MGU0MzI2YWZjNWQxZWQ2NDA2OGU5OV8yNDA0_27c521e3-ed7b-423b-96c3-7339ec655c35">481-7200</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Registrant&#8217;s telephone number, including area code</span></div><div style="margin-top:6pt;text-align:center"><span 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style="width:1.0%"></td><td style="width:93.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6YTliNDhlMzYxZGViNDQwOTkxYTM3YjU1YjllYjVkNDUvdGFibGVyYW5nZTphOWI0OGUzNjFkZWI0NDA5OTFhMzdiNTViOWViNWQ0NV8yLTAtMS0xLTA_e81c9c77-525f-4e36-bbc2-2af50c512ac4">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6YTliNDhlMzYxZGViNDQwOTkxYTM3YjU1YjllYjVkNDUvdGFibGVyYW5nZTphOWI0OGUzNjFkZWI0NDA5OTFhMzdiNTViOWViNWQ0NV8zLTAtMS0xLTA_7a70c12d-b17c-4145-919f-6d7c6cbe1997">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6YTliNDhlMzYxZGViNDQwOTkxYTM3YjU1YjllYjVkNDUvdGFibGVyYW5nZTphOWI0OGUzNjFkZWI0NDA5OTFhMzdiNTViOWViNWQ0NV80LTAtMS0xLTA_c2df6336-dc6f-4514-bccb-7e961228512d">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6YTliNDhlMzYxZGViNDQwOTkxYTM3YjU1YjllYjVkNDUvdGFibGVyYW5nZTphOWI0OGUzNjFkZWI0NDA5OTFhMzdiNTViOWViNWQ0NV81LTAtMS0xLTA_0e75a64a-91ec-499d-ba66-9244a41a207e">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:43.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.908%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.383%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Trading symbol(s)</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i71cfc3b9f36d4b3b9d116d793b0ada3e_D20210225-20210225" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6MjE4ZTE5MDM1YTlhNDcwMDllNTAwZjQ3NjIxMjA5YTEvdGFibGVyYW5nZToyMThlMTkwMzVhOWE0NzAwOWU1MDBmNDc2MjEyMDlhMV8xLTAtMS0xLTA_77ccfc21-a5bb-4172-a02e-45a8d9daf3ff">Common stock, $0.0001&#160;par value</ix:nonNumeric></span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i71cfc3b9f36d4b3b9d116d793b0ada3e_D20210225-20210225" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6MjE4ZTE5MDM1YTlhNDcwMDllNTAwZjQ3NjIxMjA5YTEvdGFibGVyYW5nZToyMThlMTkwMzVhOWE0NzAwOWU1MDBmNDc2MjEyMDlhMV8xLTEtMS0xLTA_56f94672-393f-401e-9390-543e85f5da02">EXPE</ix:nonNumeric></span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i71cfc3b9f36d4b3b9d116d793b0ada3e_D20210225-20210225" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6MjE4ZTE5MDM1YTlhNDcwMDllNTAwZjQ3NjIxMjA5YTEvdGFibGVyYW5nZToyMThlMTkwMzVhOWE0NzAwOWU1MDBmNDc2MjEyMDlhMV8xLTItMS0xLTA_b0c5c58d-96bf-4ed2-b2f9-d685233409fa">The Nasdaq Global Select Market</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6MjE4ZTE5MDM1YTlhNDcwMDllNTAwZjQ3NjIxMjA5YTEvdGFibGVyYW5nZToyMThlMTkwMzVhOWE0NzAwOWU1MDBmNDc2MjEyMDlhMV8yLTAtMS0xLTA_a192f970-d28e-4417-95bc-54ff22556dfa">Expedia Group, Inc. 2.500% Senior Notes due 2022</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6MjE4ZTE5MDM1YTlhNDcwMDllNTAwZjQ3NjIxMjA5YTEvdGFibGVyYW5nZToyMThlMTkwMzVhOWE0NzAwOWU1MDBmNDc2MjEyMDlhMV8yLTEtMS0xLTA_6a05bb4a-3ff6-48ef-b2f8-ad039a0891d1">EXPE22</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6MjE4ZTE5MDM1YTlhNDcwMDllNTAwZjQ3NjIxMjA5YTEvdGFibGVyYW5nZToyMThlMTkwMzVhOWE0NzAwOWU1MDBmNDc2MjEyMDlhMV8yLTItMS0xLTA_64f9da94-6b50-4930-ae0d-0523c0e2a074">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:93.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.636%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Emerging growth company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i55ab5c91365d453a88085b285e7e22c8_D20210225-20210225" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOmE5MGQ2ODJiYTEzZjQ1OWY4YmQ0MjFiYzEwZDZmOWE3L3NlYzphOTBkNjgyYmExM2Y0NTlmOGJkNDIxYmMxMGQ2ZjlhN18xL2ZyYWc6ZTRlYTM1NWI1NTBlNDMyNmFmYzVkMWVkNjQwNjhlOTkvdGFibGU6NTkzYTlmMGZmZmQwNDZiZDg4NTM2ZTczYzAxNTFlYjAvdGFibGVyYW5nZTo1OTNhOWYwZmZmZDA0NmJkODg1MzZlNzNjMDE1MWViMF8yLTEtMS0xLTA_6f37edc4-31d8-4090-9a63-1aa80d1130d0">&#9744;</ix:nonNumeric></span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#9744;</span></td></tr></table></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:3pt double #000000;padding:0 1pt"></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:115%">Item 5.02.        Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">On February 25, 2021, Expedia Group, Inc. (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;) entered into an Employment Agreement (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Employment Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;) with Peter Kern, the Company&#8217;s Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 (&#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Term</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;), after which Mr. Kern is expected to continue to serve as the Company's Executive Vice Chairman at least through June 1, 2026. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Compensation</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Under the terms of the Employment Agreement, Mr. Kern will receive an annualized base salary of $1,000,000. In addition, Mr. Kern will receive a one-time payment of $728,000, representing base salary from April 22, 2020, his first day as sole Chief Executive Officer of the Company, through February 25, 2021, during which time Mr. Kern did not receive any base salary. The one-time payment reflects a 25% reduction from May 1, 2020 until October 31, 2020, that the Company instituted in response to the impact of the COVID-19 pandemic.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Severance</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Upon a termination of Mr. Kern&#8217;s employment by the Company without cause (other than by reason of his death or disability) or by Mr. Kern for good reason, subject to his execution and non-revocation of a release and compliance with the restrictive covenants described below: </span></div><div><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">the Company will continue to pay his base salary through the longer of (i) the completion of the Term, subject to a maximum of 36 months and (ii) twelve months; provided that such payments will be offset by any amount earned by Mr. Kern from another employer during such time period;</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">except as described below with respect to the equity grants made on February 25, 2021 described below (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">New Equity Awards</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;), which have special vesting terms, equity awards held by Mr. Kern that otherwise would have vested during the twelve-month period following termination of employment will accelerate; provided that any equity awards that vest less frequently than annually shall be treated as though such awards vested annually;</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">except as described below with respect to the New Equity Awards, Mr. Kern will have eighteen months following the date of termination to exercise any vested stock options granted by the Company (including stock options accelerated pursuant to the terms of the Employment Agreement) or, if earlier, through the scheduled expiration date of the options; and</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">the Company will pay Mr. Kern in a lump sum an amount equal to 12 months of monthly premiums of group health plan continuation coverage under COBRA at the level of coverage in which Mr. Kern participated.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Restrictive Covenants</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Mr. Kern will be restricted from competing with the Company and from soliciting Company employees and business partners during the eighteen-month period following his termination of employment for any reason.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Equity Grants</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">In connection with Mr. Kern entering into the Employment Agreement, the Compensation Committee of the Board of Directors of the Company (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Board</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;) approved the following long-term equity awards to Mr. Kern:</span></div><div><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">an option (&#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Option Award</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;) to purchase 2,275,000 shares of Company common stock (&#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Shares</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;), with a strike price of $157.18 and a seven-year term that cliff vests on June 1, 2024, subject to Mr. Kern&#8217;s continued employment with the Company through the vesting date; </span></div><div><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">a restricted stock unit award (&#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">RSU Award</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">&#8221;) covering 1,000,000 Shares that vests as set forth below, subject to Mr. Kern&#8217;s continued employment with the Company through the applicable vesting date:</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:97.660%"><tr><td style="width:1.0%"></td><td style="width:31.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.983%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.033%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%;text-decoration:underline">Vesting Date</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%;text-decoration:underline"># of Shares Covered</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Tranche 1 RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">June 1, 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">500,000</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Tranche 2 RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">June 1, 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">250,000</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Tranche 3 RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">June 1, 2026</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">250,000</span></td></tr></table></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Upon a termination of Mr. Kern&#8217;s employment by the Company without cause, by Mr. Kern for good reason or due to Mr. Kern&#8217;s death or disability, subject to his execution and non-revocation of a release and compliance with the restrictive covenants described above the Option Award and the RSU Award will vest with respect to the number of Shares set forth in the tables below and the vested portion of the Option Award will remain exercisable until the earlier of the two-year anniversary of the termination date and the end of the seven-year term.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Mr. Kern is not currently expected to receive additional equity compensation during the term of the Employment Agreement, though the Compensation Committee retains the discretion to grant equity awards as it deems appropriate, including to Mr. Kern.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Option Award</span></div><div style="text-align:center"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:96.491%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:115%">Termination Date</span></td></tr><tr><td colspan="3" style="background-color:#d9d9d9;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Before <br/>June 1, 2021</span></td><td colspan="3" style="background-color:#d9d9d9;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2021 through <br/>May 31, 2022</span></td><td colspan="3" style="background-color:#d9d9d9;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2022 through <br/>May 31, 2023</span></td><td colspan="3" style="background-color:#d9d9d9;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2023 through <br/>May 31, 2024</span></td></tr><tr><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">1,137,500</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">1,706,250</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">2,275,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">2,275,000</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">RSU Award</span></div><div style="text-align:center"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:96.345%"><tr><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.708%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.713%"></td><td style="width:0.1%"></td></tr><tr style="height:29pt"><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="18" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;text-indent:89pt;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:115%">Termination Date</span></td></tr><tr style="height:44pt"><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Before <br/>June 1, 2021</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2021 through <br/>May 31, 2022</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2022 through <br/>May 31, 2023</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2023 through <br/>May 31, 2024</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2024 through <br/>May 31, 2025</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">June 1, 2025 through <br/>May 31, 2026</span></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Tranche 1 RSUs</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">250,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">375,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">500,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">500,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Tranche 2 RSUs</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">100,000</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">150,000</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">200,000</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">250,000</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">250,000</span></td><td colspan="3" style="background-color:#e7e6e6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">N/A</span></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td><td colspan="3" style="background-color:#e7e6e6;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Tranche 3 RSUs</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">83,333</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">125,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">166,666</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">208,611</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">250,000</span></td><td colspan="3" style="background-color:#acb9ca;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">250,000</span></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td><td colspan="3" style="background-color:#acb9ca;padding:0 1pt"></td></tr></table></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">The descriptions of the Employment Agreement and the New Equity Awards are qualified in their entirety by reference to the full text of those agreements, copies of which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, herewith and are incorporated by reference herein.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:115%">Item&#160;9.01.&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)&#160;Exhibits</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.402%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.847%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:85.451%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Number</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Description</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="exhibit101pkernemploymenta.htm">10.1</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit101pkernemploymenta.htm">Employment Agreement between Peter Kern and Expedia Group, Inc., effective February 25, 2021</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="exhibit102pkernstockoption.htm">10.2</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit102pkernstockoption.htm">Stock Option Agreement between Peter Kern and Expedia Group, Inc., effective February 25, 2021</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="exhibit103pkernrsuagreement.htm">10.3</a></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit103pkernrsuagreement.htm">Restricted Stock Unit Agreement between Peter Kern and Expedia Group, Inc. effective February 25, 2021</a></span></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURE</span></div><div style="margin-top:12pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:51.022%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.999%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.679%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">EXPEDIA GROUP, INC.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Robert J. Dzielak</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Robert J. Dzielak</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Legal Officer and Secretary</span></td></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dated: February 26, 2021</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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expe-20210225
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
February 25, 2021
EXPEDIA GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-37429
20-2705720
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1111 Expedia Group Way W.
Seattle
,
Washington
98119
(Address of principal executive offices) (Zip code)
(
206
)
481-7200
Registrant's telephone number, including area code
Not Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common stock, $0.0001 par value
EXPE
The Nasdaq Global Select Market
Expedia Group, Inc. 2.500% Senior Notes due 2022
EXPE22
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 5.02.        Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 25, 2021, Expedia Group, Inc. (the "
Company
") entered into an Employment Agreement (the "
Employment Agreement
") with Peter Kern, the Company's Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 ("
Term
"), after which Mr. Kern is expected to continue to serve as the Company's Executive Vice Chairman at least through June 1, 2026.
Compensation
Under the terms of the Employment Agreement, Mr. Kern will receive an annualized base salary of $1,000,000. In addition, Mr. Kern will receive a one-time payment of $728,000, representing base salary from April 22, 2020, his first day as sole Chief Executive Officer of the Company, through February 25, 2021, during which time Mr. Kern did not receive any base salary. The one-time payment reflects a 25% reduction from May 1, 2020 until October 31, 2020, that the Company instituted in response to the impact of the COVID-19 pandemic.
Severance
Upon a termination of Mr. Kern's employment by the Company without cause (other than by reason of his death or disability) or by Mr. Kern for good reason, subject to his execution and non-revocation of a release and compliance with the restrictive covenants described below:
•
the Company will continue to pay his base salary through the longer of (i) the completion of the Term, subject to a maximum of 36 months and (ii) twelve months; provided that such payments will be offset by any amount earned by Mr. Kern from another employer during such time period;
•
except as described below with respect to the equity grants made on February 25, 2021 described below (the "
New Equity Awards
"), which have special vesting terms, equity awards held by Mr. Kern that otherwise would have vested during the twelve-month period following termination of employment will accelerate; provided that any equity awards that vest less frequently than annually shall be treated as though such awards vested annually;
•
except as described below with respect to the New Equity Awards, Mr. Kern will have eighteen months following the date of termination to exercise any vested stock options granted by the Company (including stock options accelerated pursuant to the terms of the Employment Agreement) or, if earlier, through the scheduled expiration date of the options; and
•
the Company will pay Mr. Kern in a lump sum an amount equal to 12 months of monthly premiums of group health plan continuation coverage under COBRA at the level of coverage in which Mr. Kern participated.
Restrictive Covenants
Mr. Kern will be restricted from competing with the Company and from soliciting Company employees and business partners during the eighteen-month period following his termination of employment for any reason.
Equity Grants
In connection with Mr. Kern entering into the Employment Agreement, the Compensation Committee of the Board of Directors of the Company (the "
Board
") approved the following long-term equity awards to Mr. Kern:
•
an option ("
Option Award
") to purchase 2,275,000 shares of Company common stock ("
Shares
"), with a strike price of $157.18 and a seven-year term that cliff vests on June 1, 2024, subject to Mr. Kern's continued employment with the Company through the vesting date;
•
a restricted stock unit award ("
RSU Award
") covering 1,000,000 Shares that vests as set forth below, subject to Mr. Kern's continued employment with the Company through the applicable vesting date:
Vesting Date
# of Shares Covered
Tranche 1 RSUs
June 1, 2024
500,000
Tranche 2 RSUs
June 1, 2025
250,000
Tranche 3 RSUs
June 1, 2026
250,000
Upon a termination of Mr. Kern's employment by the Company without cause, by Mr. Kern for good reason or due to Mr. Kern's death or disability, subject to his execution and non-revocation of a release and compliance with the restrictive covenants described above the Option Award and the RSU Award will vest with respect to the number of Shares set forth in the tables below and the vested portion of the Option Award will remain exercisable until the earlier of the two-year anniversary of the termination date and the end of the seven-year term.
Mr. Kern is not currently expected to receive additional equity compensation during the term of the Employment Agreement, though the Compensation Committee retains the discretion to grant equity awards as it deems appropriate, including to Mr. Kern.
Option Award
Termination Date
Before
June 1, 2021
June 1, 2021 through
May 31, 2022
June 1, 2022 through
May 31, 2023
June 1, 2023 through
May 31, 2024
1,137,500
1,706,250
2,275,000
2,275,000
RSU Award
Termination Date
Before
June 1, 2021
June 1, 2021 through
May 31, 2022
June 1, 2022 through
May 31, 2023
June 1, 2023 through
May 31, 2024
June 1, 2024 through
May 31, 2025
June 1, 2025 through
May 31, 2026
Tranche 1 RSUs
250,000
375,000
500,000
500,000
N/A
N/A
Tranche 2 RSUs
100,000
150,000
200,000
250,000
250,000
N/A
Tranche 3 RSUs
83,333
125,000
166,666
208,611
250,000
250,000
The descriptions of the Employment Agreement and the New Equity Awards are qualified in their entirety by reference to the full text of those agreements, copies of which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, herewith and are incorporated by reference herein.
Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
10.1
Employment Agreement between Peter Kern and Expedia Group, Inc., effective February 25, 2021
10.2
Stock Option Agreement between Peter Kern and Expedia Group, Inc., effective February 25, 2021
10.3
Restricted Stock Unit Agreement between Peter Kern and Expedia Group, Inc. effective February 25, 2021
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EXPEDIA GROUP, INC.
By:
/s/ Robert J. Dzielak
Robert J. Dzielak
Chief Legal Officer and Secretary
Dated: February 26, 2021