Form 4: Zillow CEO Jeremy Wacksman Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Zillow Group CEO Jeremy Wacksman sold shares of Class C Capital Stock on February 13 and 18, 2025, to cover tax withholding and under a pre-arranged trading plan.

Summary

• Jeremy Wacksman, CEO of Zillow Group, Inc., reported the sale of Class C Capital Stock on February 13 and 18, 2025.
• On February 13, 2025, Wacksman sold 4,205 shares at a weighted average price of $77.7358 and 100 shares at $78.21 to cover tax withholding due upon vesting of restricted stock units.
• On February 18, 2025, Wacksman sold 8,707 shares at a weighted average price of $80.4529 and 2,111 shares at a weighted average price of $81.1137 under a Rule 10b5-1 trading plan adopted on February 16, 2024.
• Following these transactions, Wacksman directly owns 137,419 shares of Class C Capital Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine insider sales for tax purposes and under a pre-arranged trading plan, not necessarily indicative of a change in the executive's confidence in the company.

Industry Context

Insider sales are a common occurrence, especially when related to tax obligations or pre-planned trading arrangements like Rule 10b5-1 plans. These sales don't necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price, but are unlikely to have a significant long-term effect.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates