Form 4: Zillow CEO Jeremy Wacksman Sells Shares for Tax Obligations

Zillow Group CEO Jeremy Wacksman sold 6,051 shares of Class C Capital Stock to satisfy tax withholding requirements related to RSU vesting.

Summary

• CEO Jeremy Wacksman executed the sale of 6,051 shares of Zillow Group Class C Capital Stock on May 14, 2026.
• The transactions were conducted in two tranches: 5,751 shares at a weighted average price of $37.8826 and 300 shares at a weighted average price of $38.6883.
• Following these transactions, the CEO retains direct beneficial ownership of 162,771 shares of Class C Capital Stock.
• The sales were specifically designated to cover tax withholding obligations triggered by the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale is purely administrative and related to tax obligations rather than a discretionary divestment.

Positives

• The sale was non-discretionary, intended solely to cover tax liabilities associated with equity compensation vesting.

Negatives

• Reduction in the CEO's direct equity stake in the company.

Risks

• None identified; this is a routine administrative transaction related to tax compliance.

Future Outlook

No forward-looking guidance or strategic outlook provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that executive stock sales to cover tax withholding upon RSU vesting are standard corporate practice and do not typically signal a change in management sentiment regarding company performance.

Comparison to Industry Standards

• The transaction aligns with standard executive compensation practices observed across the technology and real estate sectors.
• The use of weighted average pricing for tax-related sales is consistent with SEC reporting requirements for public company executives.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine tax-related sell-to-cover event.

Next Steps

• No future actions or milestones mentioned.

Key Dates

Keywords

Zillow, Insider Trading, Form 4, Jeremy Wacksman, Executive Compensation, Equity Vesting