Form 4: CEO Vivek Shah Sells Ziff Davis Stock for Tax Obligations
Insider Transaction Report
Ziff Davis CEO Vivek Shah disposed of 10,184 shares of common stock on January 1, 2026, to cover tax liabilities related to vested equity awards.
Summary
- Vivek Shah, Chief Executive Officer and Director of Ziff Davis, Inc. (ZD), reported a transaction on January 1, 2026.
- The transaction involved the disposition of 10,184 shares of Ziff Davis Common Stock at a price of $35.15 per share.
- This disposition was for the payment of tax liability by withholding securities incident to the vesting of Restricted Stock Awards, Performance Restricted Stock Awards, Restricted Stock Units, and Performance Restricted Stock Units under the Issuer's stock plan.
- Following this transaction, Vivek Shah directly beneficially owns 300,528 shares.
- He also indirectly owns 190,899 shares through the Vivek R Shah Revocable Trust and 110,000 shares through the Vivek R Shah Irrevocable Family Trust.
- The direct ownership total of 300,528 shares includes purchases of 446 shares on May 15, 2025, and 111 shares on November 15, 2025, under the Employee Stock Purchase Program.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction for tax purposes, not indicative of management's view on the company's future performance or a significant change in ownership strategy.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Purchase of 446 shares under Employee Stock Purchase Program. |
| 11/15/2025 | Purchase of 111 shares under Employee Stock Purchase Program. |
| 01/01/2026 | Disposition of 10,184 shares for tax liability related to vested equity awards. |
| 01/05/2026 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThe reported transaction is a routine disposition of shares by the CEO to cover tax liabilities associated with vested equity awards. This is a common practice and does not reflect a change in the executive's confidence in the company or a strategic shift. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
Ziff Davis, ZD, Vivek Shah, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Equity Awards, CEO
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