Form 4: Zillow CAO Sells 6,001 Shares, Including Tax Withholding

Zillow Group's Chief Accounting Officer, Jennifer Rock, sold a total of 6,001 shares of Class C Capital Stock across multiple transactions in November 2025.

Summary

• Jennifer Rock, Zillow Group's Chief Accounting Officer, reported the sale of Class C Capital Stock.
• Transactions occurred on November 10, 2025, and November 12, 2025.
• A total of 6,001 shares were disposed of through these transactions.
• The shares were sold at weighted average prices ranging from $70.8147 to $73.834 per share.
• A significant portion of the sales, totaling 5,291 shares, was explicitly made to cover tax withholding obligations upon the vesting of restricted stock units.
• Following these reported transactions, Jennifer Rock beneficially owns 41,190 shares of Zillow Group Class C Capital Stock.

Sentiment

Score: 5

Explanation: The filing reports insider sales by a Chief Accounting Officer. While a significant portion was for tax withholding on vested RSUs, which is routine, the remaining sales are discretionary and could be perceived as a slight negative signal, though not indicative of fundamental company issues.

Positives

• The filing indicates that 5,291 shares were sold specifically to cover tax withholding due upon vesting of restricted stock units, which is a standard and non-discretionary event for executive compensation.

Negatives

• Jennifer Rock, the Chief Accounting Officer, sold a total of 6,001 shares of Class C Capital Stock.
• The initial sale of 2,710 shares on November 10, 2025, was not explicitly stated as being for tax withholding, suggesting it was a discretionary sale.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May perceive the discretionary sale of 2,710 shares as a slight negative signal regarding insider confidence, although the majority of sales were for tax purposes.
• Other stakeholders (employees, customers, suppliers, creditors): No direct impact from this specific insider transaction report.

Key Dates

Recommendation

The filing reports routine insider sales by Zillow's Chief Accounting Officer, Jennifer Rock. A significant portion of the sales (5,291 shares) was explicitly for tax withholding purposes related to RSU vesting, which is a common and non-discretionary event for executives. While the remaining sale of 2,710 shares on November 10, 2025, appears discretionary, the overall transaction volume is not substantial enough to fundamentally alter the investment thesis for Zillow Group. Investors should consider this as a data point within a broader analysis of the company's financial performance and market position, rather than a standalone reason for a strong buy or sell decision.

Keywords

Zillow, insider trading, Form 4, stock sale, executive compensation, Jennifer Rock, ZG, Z